I'm very busy this week as I have my mid-terms and a presentation to make next week in school.
Nevertheless I want to elaborate on this point I made in my radio interview which Driz'zt of Investment Moats has kindly referred some traffic to me is his very well-thought article on CPF.
We Singaporeans are a lucky lot because a large part of what our government do actually works. The same cannot be said if you happen to live in our neighbouring countries.
The mindset of not relying on CPF is not a judgment on our government's capabilities. I am a lot more positive than Driz'zt and Roy Ngerng and believe that a comfortable lump sum awaits me at age 55. I expect to get a nice lower 6-digit sum at 55, which translates to about $1,000 a month additional passive income after that. It's not enough to live on ......