Personal Finance
The case of Madam Goh Kah Keow vindicated the merits of CPF Minimum Sum
By SG Wealth Builder  •  July 8, 2014
'I wish the banks had stopped me from withdrawing all my money!' - lamented Madam Goh Kah Keow who lost $400,000 life savings to con artists from China.
I wish the banks had stopped me from withdrawing all my money. - See more at: http://www.straitstimes.com/lifestyle/more-lifestyle-stories/story/400000-gone-day-20140629#2
In my previous post on the merits of CPF Minimum Sum, one of my readers Fred Khoo pointed out that the CPF Minimum Sum (MS) scheme is a national failure and that the government should not "lock up" Singaporeans' CPF monies. Well, one thing for sure is that most Singaporeans would have strong opinions on the CPF scheme but it does not mean that the CPF MS scheme is a flop. Indeed, there are flaws and improvements that can be made to enhance the policy to better suit Singaporeans' needs. However, it should be noted that the merits of CPF MS ...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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