What’s CPF at old age for?
It is to support you in your retirement.
If it’s not able to do that well, maybe it’s not suitable for you?

What is CPF LIFE Basic Plan?

Basically, you are taking lower monthly payouts so that your dependents will get more of the money when you passed on.

If what you want is a comfortable retirement, why you leaving bulk of your money for your dependents who should be in charge of their own life/retirement?

Why I Think CPF LIFE Basic Plan is a Bad Plan

Lower Monthly Payouts
It is as simple as that.

The Standard plan provides higher monthly payout.
The Escalating plan provides growing monthly payout.

Why do you not want to have a higher monthly payout for yourself?
Especially if you don’t think you’re having a lot of money every month for retirement already. 🤷‍♂️

“Because I want to leave more for my children.”