Do you have enough for retirement?

If I go for a new HDB in somewhere far far away like Sengkang, it'll probably cost me around 300K. Minus off the miserable amount of money I have in my CPF account, I'll have to fork out more than 1K each month for the next 20-30 years to truely "own" (errr... I guess not, since we don't own HDB flats) the flat. But wait, I only contribute 1K to my CPF account every month ! Which means that, by the time I retire (or die on the job), I'll literally have NOTHING in my retirement account.... What a joke.

That, brings me to the point I'm trying to get through in this post. There's something seriously wrong with our pension scheme. I know we've been through this a thousand times, but something needs to be done and quick. Else, we'll end up with a generation that can't feed themselves when they retire, or have to work themselves to death, literally.

The Sun Chair Critic.

This entry was posted in Uncategorized.
This entry was posted in Uncategorized.