Much has been said about our national savings system CPF. As a Singaporean and an avid proponent of good personal finance, i decided to dig deep into this topic and try to shed light and clarity on this much debated but also pretty misunderstood scheme.   1) Truth 1 – CPF money is forced saving for your retirement and medical needs. Many Singaporeans are very unhappy with being forced to save for retirement. They believe everyone should have a choice and that CPF forces the choice on them. While it is true that more choice is usually better in a democratic society like ours, it depends on whether having that freedom causes much more problems for society as a whole. Singapore has a rapidly aging population. Within 20-30 years, we will have a clear inverted population pyramid where a smaller base of workers have to support a larger top of ......