Firstly, I’d like to say that the below is something that I believe in very strongly.

Retirement plans seems like a big and complex subject.

If I can reduce it to the irreducible minimum, it means this – that when you retire, you must have three things.

  1. You must have a fully paid house.
  2. You must have a good medical expense insurance.
  3. And of course, you must have a lifelong stream of income.

At its most basic level, you must have these three things. And the good news is, our CPF takes care of all these three things, right?

  1. Because your CPF gives you the Medisave account that allows you and help you to buy your medical expense insurance.
  2. Your CPF, when you are retired, will give you that annuity for life – stream of income.
  3. Your CPF, if you don’t have enough cash, helps you buy the house.

And so, if you are …