In the business times this morning, Christopher Tan of Fee Based Advisory Providend, who is on the CPF Advisory  Panel wrote a good summary of how the 2015 Budget gels with what the CPF Advisory Panel recommends. Particularly, this graphic shows how everything add up together. It probably shows a better illustration than what all the stuff CPF folks tries to create before hand. If we zoomed in to the plan to provide adequate cash flow during retirement, the two asset cash flow model of annuity plus an additional wealth machine seems to be the direction that they are going.

1. Annuity

The annuity I felt, is sound in that it pooled the citizens of Singapore together to share risk, and provide a life time cash flow. This alleviates longevity risk which the more i read the more i felt most of us underestimate how medical science will step ......