If we have a plan on achieving adequate retirement funding but have trouble executing the plan, we should be worried. If we do not have a plan on how to achieve retirement adequacy, we should be very worried.
This was a conversation with a reader on FB:
J A
Hi AK, was talking to my friend about the pros of cpf, but they were saying we will not be able to fully withdraw the amount, and if we pass on before we totally withdraw all out, it will be pass to the child and it goes on.. what do u think about it?
Assi AK
Why would we want to make a full withdrawal?
The minimum sum goes into an annuity that pays us a monthly allowance for life from age 65.
If your friends do not believe in buying an annuity to fund their ......