I first wrote this post in December 2018 to figure out the return on investment on our CPF LIFE annuity. Whenever I met up with the team at CPF a long time ago, they would often suggest that I should see whether there are any products out there that are comparable to the CPF Life. And I often dismissed that outright because of how much of an edge CPF have. The risk-free interest rate in Singapore has fallen for a number of years, and yet the return on our CPF Retirement Account remains above 4%. Our CPF issues bonds to our GIC who takes the money and invests. In return, GIC would need to pay CPF this high hurdle on the bond issued. Suffice to say, there ain’t any annuities out there (that meet CPF’s criteria of an annuity) that are able to give us a better income payout that does not run out as CPF LIFE....