If you are a Singaporean and want to take charge of your retirement savings, then read on. Back when Mr Roy Nerng stirred up some noise, asking the government to return our CPF money, it has stirred up a national conversation about the adequacy and how functional our CPF is when it relates to our retirement needs. A CPF Advisory Committee was formed to advise on how to improve the CPF in this regards. In previous CPF Advisory Committee proposals, they made proposals to simplify the plans to CPF Standard and CPF Basic, however some details were not released. Today  the committee released:

1. A CPF Life Escalating Plan
2. An alternative CPF Lifetime Retirement Investment Scheme (LRIS)

In this article, I will take a look at how different are the cash flow of the 3 different CPF Life Plan, if I were to retire next year how would my retirement wealth ......