Regular readers know that I only wantto be a happy peasant. I was never royalty or an aristocrat. I am of the masses. DPM Tharman said before that the CPF is meant to help the working masses. That is why there is a limit to doing OA to SA transfer, to doing MS Top Ups to the SA and also to doing Voluntary Contributions to the MA. For many people, it is easy to miss the big picture. A fixation on theoretical opportunity cost could turn out to be costly. In our investment portfolio, the CPF should be considered an investment grade bond component that gives us peace of mind (and relatively good coupons). It is not, however, the be all and end all in a sound retirement funding plan. We cannot build a house on just a cornerstone but to give up a cornerstone in a house, we must have a ......