Just few months back, I received a cold call asking if I was interested in an annuity product from an established insurance company. I decided to hear more from the agent and fixed a date for a coffee. Of course, I learned about their annuity product - why Singaporeans need it (blah... blah... blah...)? Retirement is getting expensive, etc. (blah... blah... blah...)? The conversation led to the CPF Minimum Sum. These agents sure know how to lead the conversation to "why we must think about our retirement" (and their annuity products) NOW! The agent recapped the history of the CPF Minimum Sum. He reminded me of the adjusted Minimum Sum for inflation. CPF Members who turned 55 back in 2014 had to set aside S$155,000 in their CPF-RA to receive a monthly payout of about S$1,200 when they turn 65. Next, he emphasized on the Minimum Sum for ......