Comments on: Think carefully before opting for ‘no refund’

By: neversaydie

neversaydie — Mon, 23 Feb 2009 16:59:49 +0000

if the schemes are that good, why didn’t they have it earlier?

Only reason: no incentive to make themselve work harder.

Also, there is no assurance that the payment period will not be brought further back.

This no assurance that the minimum amount in each scheme.

All figures are purely illustrative.

There is no inflation adjustments.

So, they get you to take out your monies much later and give you peanuts in returns every month and they still have the possibilities of reducing the number of peanuts you get and the time you get it.

Sly?

By: Deep throat

Deep throat — Mon, 23 Feb 2009 13:55:51 +0000

To loop
#40
Hey please cool it. Dont make such sweeping statements without proof. And you are accusing Christians of using Ponzi schemes to cheat and convert and this is very dangerous and unbecoming.
This is stepping out of line. Whoever you are I think its better you reserve your comments and utter it in your own toilet rather than here which is not a place for such comments.

By: loop

loop — Mon, 23 Feb 2009 08:16:43 +0000

Now I know why MLM marketing always hires Christians. Coz they really know how to preach!! Some ppl even end up converting to Christianity after joining MLM. These Christians are using this Ponzi schemes not only to cheat $ but also to recruit more members. Very disgusting technique!! Just a bunch of hypocrypes!

By: Enigmatic

Enigmatic — Sun, 22 Feb 2009 10:45:59 +0000

A little subterfuge here…….a little subterfuge there and then ….and ooop! – if you are less vigilant – you find that you cannot even withdraw your monies after you reach 85.

You and your loved ones should input as little monies as /whenever possible in there.

By: Torres

Torres — Sat, 21 Feb 2009 12:31:28 +0000

No worries Tony, CPF takescare of your special account with good interest compared with peanuts elsewhere!

By: alky

alky — Sat, 21 Feb 2009 06:53:06 +0000

#36) Tony on February 21st, 2009 2.17 pm

Give up your citizenship and migrate somewhere else. That’s the only way they will ever give you back you CPF. Thousands of Singaporeans have already done it so its no big deal.

Otherwise, just pray hard that the APs get voted in and give the people their money back.

By: Tony

Tony — Sat, 21 Feb 2009 06:17:10 +0000

I and my wife have been cheated and being lured to transfer all our life saving in the OA to Special Account as the Govt 2 years high interest rate payment. We felt stupid and very regret now. We are going to lost the control of our entire life long hard earn saving in the hand of the Govt. I am now desperate and sad. Can any one help to advise me how could I take out the money from the CPF to avoid being frozen.

By: The Singapore Daily » Blog Archive » Weekly Roundup: Week 08

The Singapore Daily » Blog Archive » Weekly Roundup: Week 08 — Sat, 21 Feb 2009 03:22:37 +0000

[...] of the CPF Life scheme [Recommended] – My little corner: CPF Changes from 1st April 2009 – TOC: Think carefully before opting for ‘no refund’ – Moving Higher In Souped-up Heuristically Agon Moment: New CPF Changes in [...]

By: Curious

Curious — Thu, 19 Feb 2009 14:40:19 +0000

What does the 3 Keys-Symbol of the CPF crest stand for?

By: plopp

plopp — Thu, 19 Feb 2009 06:29:10 +0000

And you wonder where the money for this year’s offset package is coming from? One wonders where the old surpluses and all the secretly absorbed CPF monies disappeared to.

By: wiseman

wiseman — Thu, 19 Feb 2009 03:49:31 +0000

All work and no play means no retirement till 65……..the bio-rythm starts to slowly disintegrate into aging that calls for hefty maintenance!………everything has got it’s shelf life and one must plan his or her retirement gradually as we cannot guarantee future income as past performance is no gurantee of present gains!…..Inflation is the only threat!

By: Just Whistling.

Just Whistling. — Wed, 18 Feb 2009 22:24:39 +0000

It is likely there will be a flash general election anytime now. Read:

http://amortal.wordpress.com/2009/02/18/flash-general-election/

By: Bling Bling

Bling Bling — Wed, 18 Feb 2009 16:02:17 +0000

Thank you Mr Leong for providing expert opinion and advice.
Left to myself, i wonder if i would understand as much.
i am worried about retirement.
i see that only the people can help me now.
my retirement is virtually in their hands.

By: Bling Bling

Bling Bling — Wed, 18 Feb 2009 16:01:59 +0000

Thank you Mr Leong for providing expert opinion and advice.
Left to myself, i wonder if i would understand as much.
i am worried about retirement.
i see that only the people can help me now.

By: tiredsingaporean

tiredsingaporean — Wed, 18 Feb 2009 15:57:43 +0000

17) ErniesUrn (Ernie) on February 18th, 2009 6.22 pm
These coffers are playing with blood money.

They have to pay back with their own blood in time to come. No one gets away, you can run but you cannot hide forever, its just mother nature, whatever comes around, goes around.

By: RED-man

RED-man — Wed, 18 Feb 2009 15:47:12 +0000

Join the annual 1000 members club today! Help contribute to increase the 1K annual leaver club. And leave the 66.6% of the voters to take care of our self service PAP elities.

Free door gift available on first come first serve basis. Air is fresher on the other side.

By: RED-man

RED-man — Wed, 18 Feb 2009 15:41:25 +0000

There is a opt out scheme and 5th unspoken option. Surrender your red ID, and opt for total withdrawal. Lower your expectation in other country and make good use of your CPF to enjoy retirement.

Anyone? I don’t mind to be a rich quiter, since this is my money anyway. And adding to it, the government has always remind us to take care of ourselves. Right?

By: Yogi Bear

Yogi Bear — Wed, 18 Feb 2009 15:38:58 +0000

“Minister in the Prime Minister’s Office, Lim Boon Heng, said on Saturday private insurers would be quite challenged to offer the same interest rates the CPF Life annuity scheme is offering. ” (Channel News Asia 14 Feb 2009)

I am particularly disgusted when a highly paid minister plays insurance sales man and doing a poor job out at it. It is highly suspicious when the government decides to thumb down the private insurers and suggests the People park their money with CPF. Did we not hear from the same government that our private insurers in Singapore are well capitalized and perfectly sound?

By: Peanuts

Peanuts — Wed, 18 Feb 2009 15:00:08 +0000

We must all stand together and vote for cpf opt out! Fight for it! Stop letting them get away with moving goalpost!

By: AP (aka adobepie)

AP (aka adobepie) — Wed, 18 Feb 2009 14:16:05 +0000

#6 eveline has correctly pointed out this trap…one big target is those single retireee with no dependents….i am seriously considering give up my pink i card in exchange for my blood & sweat savings…imagine working for 35 years and being taken for a ride….what the…F*@#*&*

I would not place too much faith in the elections…so what if the oppostion wins 1 or 2 GRCs….will it change for the better…??