Sunday, June 23, 2019

Allow members to take out CPF savings at 55

I suggested that CPF members be allowed to take out all of their savings at 55.

This suggestion has the support of about 86% of respondents to a poll. The other 16% were worried that some of the members will spend away all of their savings and have to rely on welfare from the state. Roughly, one in six has misgivings about this idea.

This is how the risk can be managed, so that the members do not waste their savings in bad investments.

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