It's quite disgusting that insurance agents are still trying to confuse people into buying annuities. Today, those commercial annuities are yielding at most 2% --- not even matching inflation rate.
For those who can still make a choice between MSS and CPF Life, it all boils down to health status and family longevity history. If you're relatively healthy and/or your parents and siblings are living long lives, then CPF Life is better. Otherwise just leave in MSS.
It's quite disgusting that insurance agents are still trying to confuse people into buying annuities. Today, those commercial annuities are yielding at most 2% --- not even matching inflation rate.
ReplyDeleteFor those who can still make a choice between MSS and CPF Life, it all boils down to health status and family longevity history. If you're relatively healthy and/or your parents and siblings are living long lives, then CPF Life is better. Otherwise just leave in MSS.