https://www.businesstimes.com.sg/singapore/economy-policy/singapore-to-raise-retirement-age-to-64-re-employment-age-to-69-in-2026
How will this affect our cpf withdrawal?
they will step by step one rahs
direction shld be clear riaos
Tmd..keep raising..
People want to retire and collect their CPF earlier cannot ah..
CheerS!!!😉
By the time we reach 60,there will be no retirement
Oh wait, now already no retirement
Quote from: peaceheart on Mar 04, 2024, 06:42 PMBy the time we reach 60,there will be no retirement
Oh wait, now already no retirement
But still can withdraw cpf. Wonder if next time goal post will shift again
Quote from: peaceheart on Mar 04, 2024, 06:42 PMBy the time we reach 60,there will be no retirement
Oh wait, now already no retirement
MIW wants us to work until we drop dead mah, and collect cardboard boxes as hobbies.
Quote from: ABCDFinanceGuy on Mar 04, 2024, 07:28 PMMIW wants us to work until we drop dead mah, and collect cardboard boxes as hobbies.
Exactly. You see so many elderly still working. You really believe they want to work to kill time, cos bored at home etc bs stories?? It's not they want to but forced to, have to continue working
Do not. I repeat, do not base your retirement strategy on cpf. Has been my motto since early
20s.
Quote from: Tony.Manero on Mar 04, 2024, 09:02 PMDo not. I repeat, do not base your retirement strategy on cpf. Has been my motto since early
20s.
Lol never trust anything advertised by MIW.
Quote from: ABCDFinanceGuy on Mar 04, 2024, 09:07 PMLol never trust anything advertised by MIW.
(https://c.tenor.com/hSvVbjc_ar4AAAAC/tenor.gif)
By the time I am old, retirement age maybe 80...
goalpost shift until move to new stadium liao
those in their 30s and 40s now can kiss goodbye to their cpf
sic sic
We really like slaves. Work till last breathe and gahmen makan all our money
Quote from: nyvrem on Mar 04, 2024, 10:17 PMgoalpost shift until move to new stadium liao
those in their 30s and 40s now can kiss goodbye to their cpf
the sad thing is. Its always the middle class that gets it the most now. Neither here nor there. Cant get help and not rich enough to heck
Keep grinding and grinding
Now change to this cpf life, like annuity or sth?
If u die and no close ones u wont even get to enjoy anything
Nxt time they may shift it even more, transfer to ur children cpf
I was saying they might allow dual citizenship. So it will lock ur cpf more... still same rule unless u cancel sg citizenship
So those semi rich, upper middle that still needs cpf somewhat incl new citizens get screwed.
Cannot withdraw
Quote from: default on Mar 05, 2024, 01:50 AMthe sad thing is. Its always the middle class that gets it the most now. Neither here nor there. Cant get help and not rich enough to heck
Keep grinding and grinding
Now change to this cpf life, like annuity or sth?
If u die and no close ones u wont even get to enjoy anything
Nxt time they may shift it even more, transfer to ur children cpf
I was saying they might allow dual citizenship. So it will lock ur cpf more... still same rule unless u cancel sg citizenship
So those semi rich, upper middle that still needs cpf somewhat incl new citizens get screwed.
Cannot withdraw
i got family member, work like dog and finally retired in his 60s, found out got cancer and died within a year. didn't even get to enjoy his retirement, be a grandparent, or touch his cpf.
Gone were the days retirement age at 55...
Quote from: Philipkee on Mar 04, 2024, 06:58 PMBut still can withdraw cpf. Wonder if next time goal post will shift again
I heard retirement age shifted doesn't affect people who wanna retire early. It's to protect elderly who still wanna work and wouldn't subject to paycut due to retirement age. Is this true?
Quote from: luckyapple on Mar 05, 2024, 07:13 AMI heard retirement age shifted doesn't affect people who wanna retire early. It's to protect elderly who still wanna work and wouldn't subject to paycut due to retirement age. Is this true?
Depends on how you wanna spin it. If you wanna continue working, it might benefit you but what if you don't?
What if you wanna work but company doesn't want you to work? It's easy to force you to retire by simply scheduling you for a medical check "out of concern". Very unlikely you will be in the pink of health at 60+
Quote from: Philipkee on Mar 05, 2024, 07:40 AMDepends on how you wanna spin it. If you wanna continue working, it might benefit you but what if you don't?
What if you wanna work but company doesn't want you to work? It's easy to force you to retire by simply scheduling you for a medical check "out of concern". Very unlikely you will be in the pink of health at 60+
Does increasing retirement age affects cpf withdrawal?
From my limited understanding, correct me if I'm wrong, if the person wanna retire early can go ahead. If the person wan to retire late, then this can potentially prevent them from kena retired and cut salary. Especially if they work in govt sector.
If the govt delayed cpf withdrawal in tandem with delayed job retirement then is a nono rah. People should have a choice when do they wanna retire and not affecting their cpf withdrawal
knn just release our cpf when we hit 55 like last time
stop those lanjiao wayang!!! we can handle our own money