Beei 1st Gear August 31, 2007 Share August 31, 2007 got this type of govt sure got this type of people.. ↡ Advertisement Link to post Share on other sites More sharing options...
Baka Neutral Newbie August 31, 2007 Share August 31, 2007 He is a balls licker who has no regard for unfortunate people who can't see through the smokes. He has obviously no worries for retirement and expect all to be brainwashed like him - "just trust the govt, it is always right even if they ask you to eat shiit" Link to post Share on other sites More sharing options...
Gantan88 Clutched August 31, 2007 Share August 31, 2007 If not then where do you think Sg reserves come from? Link to post Share on other sites More sharing options...
Beei 1st Gear August 31, 2007 Share August 31, 2007 (edited) Maybe he predicted all the poor and unfortunate people will go jump MRT track sooner or later.. Edited August 31, 2007 by Beei Link to post Share on other sites More sharing options...
Beei 1st Gear August 31, 2007 Share August 31, 2007 I wonder if the reserves include CPF money.. if yes, then I want to be a QUITTER.. Link to post Share on other sites More sharing options...
Slowmo Clutched August 31, 2007 Share August 31, 2007 to be a quitter also need to be taxed when u withdraw out ok. in the end, u oso end up paying! Link to post Share on other sites More sharing options...
Beei 1st Gear August 31, 2007 Share August 31, 2007 at least better than stay here and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and pay and .. Link to post Share on other sites More sharing options...
Baka Neutral Newbie August 31, 2007 Share August 31, 2007 When medishield is introduced (premiums very low), you still have an option to opt out. Now when they try to implement this annuity which kapok half your coffin money, it will be a compulsory thing which you cannot opt out. This is daylight robbery man! Where is justice? The police become thief liao. I pity those uncles who are only earning just enough to hit the minimum sum upon retirement age (supposedly retirement age). This policy will rob him of half his coffin money built from a lifetime and the only good news is he probably won't realise the impact till he run into financial crisis at age 60+ and have to borrow money from loan sharks. Then he will die from loan shark harrassment or jump off mrt and won't reap a single cent from the annuity because he don't have the money to live till 85. (Maybe the official age to collect annuity payment will shift to 95 years old by the time he retires - you can never trust those bxxxxxds) Link to post Share on other sites More sharing options...
Gantan88 Clutched August 31, 2007 Share August 31, 2007 That i am not sure. But one thing i am sure is, our CPF is being took to generate more money during the period when our CPF is locked up. Although we still see we have so much and so much money in the bi-annually CPF statement. I feel that certain policies have to make mandatory when running a country and to run it well and in doing so, there will definitely be unhappy voices because one rule can never ever satisfy all. But in the annuity case, I really think it is rubbish. If i am someone who is financially sound, is diligent enough to keep my financial status healthy using one way or another when i am in my younger years and i know that i do not have to depend on CPF or annuity to keep me alive during my old age, why force such rule on me? I will be very happy to take out my CPF at the stipulated age and slowly enjoy it, give some for my kids etc... It is MY money, hard-earned money, and they are forcing me to spend MY own money the way they want it to be. Now? What minimum sum, this and that, annuity.... i will never live that long to touch my CPF money. Link to post Share on other sites More sharing options...
Baka Neutral Newbie August 31, 2007 Share August 31, 2007 you are very right (at least 80% right) that you will never live that long to touch your CPF money. This Christopher Tan is utterly stupid not to be able to see why the policy is bad for us. For someone who is a CEO of a wealth management firm to say that - what can you expect of all the wealth advisors in Singapore? Annuity can come in many customised forms to suit every individual's different financial needs: - I can choose to have payout earlier; I can choose to have bigger or smaller amount; I can choose to have a component whereby if I die in 20 years time, the intrinsic value can be cashed out and given to my family (for a lower monthly payouts), etc. Why should I be forced into an annuity that pays at age 85 and gives nothing to my family if I die before 85? What if I give up half my coffin money and I have only enough left to last till age 65? Can my family and me eat tree barks and drink rain water for next 20 years to survive till my first payout at age 85? For such situation, NO ONE in the right mind would recommend such a dumb product to me, UNLESS he has ulterior motives (earn profits, gain commisions, retain our money longer, gain control of us?) Link to post Share on other sites More sharing options...
Baka Neutral Newbie August 31, 2007 Share August 31, 2007 May God saves Sinkapore and rid us of those evil demons! Our only chance of salvation will be 4 years later! Link to post Share on other sites More sharing options...
Will_I_Am 2nd Gear August 31, 2007 Share August 31, 2007 That's why I never trust those so called "personal banker" or financial planner. Most of them don't even know what they are selling half the time. Many are recruited from fresh grads Link to post Share on other sites More sharing options...
Comfy 1st Gear August 31, 2007 Share August 31, 2007 eh, just wondering, this Lim Boon Hee, related to Lim Boon Heng? brothers? Link to post Share on other sites More sharing options...
Typhoonz 4th Gear September 1, 2007 Share September 1, 2007 I think this hit the spot very nicely... But... Will they listen? I think we all know the answer to this question... Link to post Share on other sites More sharing options...
Freakman Neutral Newbie September 1, 2007 Share September 1, 2007 yo slowmo... is it my eyes problem or your avita picture got double eyes and lips... see peh kong leh.... Link to post Share on other sites More sharing options...
Smiley Neutral Newbie September 3, 2007 Share September 3, 2007 BOTTONLINE, IT'S OUR MONEY AND WE SHOULD HV THE RIGHT TO SPEND IT IN THE WAY WE WANT. Link to post Share on other sites More sharing options...
Guyver 1st Gear September 3, 2007 Share September 3, 2007 It is actually found in ST Forum which i tot Pro-Annuity. It seem like all are against it. http://www.straitstimes.com/ST%2BForum/Sto...ory_153046.html Rethink proposal for compulsory annuity ON THE proposed compulsory annuity, I would strongly urge the Government not to cross the fine line on CPF policy, so as to preserve Singaporeans' trust and faith. Like most Singaporeans, I have always regarded CPF money as my retirement nest egg and even if I could not touch this hard-earned money locked up in CPF by the Government until age 67, the money is still rightfully mine and should be disbursed to my next-of-kin when I die. But if the Government forces me to part with my money to buy an annuity which starts paying only at age 85 and the remaining money is not given back to my heir when I die, then I would view this as a very serious breach and abuse of my trust in the CPF system. Please take into consideration the intense feelings we have against mandatory measures like a compulsory annuity scheme. It is a double whammy: money is taken away from us without giving us a choice, and there is no refund to my family when I die. I don't think people will accept this. Dr Lim Boon Hee Some of the comments: Did $36 buy one a coffin lid in 1957? Can $360 buy one a coffin lid in 2007? Will the $3600 buy one a coffin lid in 2037? Also can we ask: Did $36 buy one 10 nights of hospital beds in 1957? Can $360 buy one 10 nights of hospital beds in 2007? Will the $3600 buy one 10 nights of hospital beds in 2037? Govt officials reading, please tell this to the MM. We don't want $3600 in cash 35 years later. We want it in kind as cash $3600 is next to worthless 35 years later. Just take a close look at CPF logo ... and you'll know why so hard to get $$ out from there .... Link to post Share on other sites More sharing options...
Jayq Neutral Newbie September 3, 2007 Share September 3, 2007 Lol good one.. ↡ Advertisement Link to post Share on other sites More sharing options...
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