For the past week, we've been working hard to fact-check some of the materials being put up on the Dr Wealth blog. As you may notice, some numbers differ between my article and another Dr Wealth shareholder.
Louis Koay's article can be found here.My article is here.I also have a video here.
There has been feedback that my article contradicts Louis' as we project a different payout for CPF-Life. I need to write an article to clarify my numbers as they are part of a thought experiment to project the amount of money needed today in our CPF-RA to lead a comfortable lifestyle based on 2021 figures from the Lee Kuan Yew School of Public Policy. In 2021, that number is $1,421; that amount today, assuming 3% inflation, is close to $1,560 in today's dollars. Now I've got a severe problem because most of the tables from...