When you cannot convince them, CONFUSE THEM!
Hahaha…..that's what xiaowei said to me this morning. She's in Shanghai to expand her design biz there and ask me what's the latest talk of the town in Singapore. I told her about the recent confusion over PM Lee's proposal on the CPF changes that will take place over the years. I told her a lot of auntie and uncles in singapore are confused over what PM said. So she made the statement: When you cannot convince them, CONFUSE THEM! In a nutshell and kopitiam-friendly terms, it means:
- You are thought to live beyond 85 years old, so you get to withdraw from your CPF account only when you're 67
- Your employer should employ you even after you've reached 62 years old, it can be a lower wage, but they cannot sack you, else you can sue them!
- You can't take out ALL your money, and you MUST buy some form of annuity plan to allow your CPF account to release money bit by bit to you on a monthly basis until the day u kick bucket
Anyway, in short, i think i'll just put all my CPF money in unit trust and to buy house, since this is the case….i'm in the new generation that I feel I won't leave a fortune for my kids to live on, They are supposed to earn their own money…haha….so if i dun have any children, who gets my CPF money after I die? Who wants me to nominate them to receive my money….start applying now! hahahaha….
DISCLAIMER: THE ABOVE FACTS MIGHT NOT BE 100% TRUE. I DON'T FOLLOW THIS NEWS CLOSELY. BUT THIS IS WHAT I'VE BEEN HEARING SO FAR. PAP, DON'T BLACKLIST ME!!!