How would you weigh the pros and cons to the idea of CPF? - Seedly
Seedly logo
Seedly logo
 

SeedlyTV S2E08

CPF

Savings

Anonymous

Asked on 10 Jun 2020

How would you weigh the pros and cons to the idea of CPF?

I want to hear more about your opinion on the CPF system as a whole

0 comments

2 answers

Answer Now

Answers (2)

Sort By

Malvin Tan WP
Malvin Tan WP
Level 5. Genius
Answered 2w ago

A great system albeit its "one size fit all" structure, but not everyone will fit into their mold. If you are like most people dont have time or interest in finance to plan for their retirement then relying on CPF is the perfect solution, but if you feel like you belong to the latter group then by all means design your own system to achieve your goal.

0 comments

👍 0
Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Updated 4w ago

I have... that's why I am a multi-millonaire now. I have chosen not listening to the nay sayers twenty years ago. The same grumbling and rumbling twenty years ago are generally the same as today. Had I listened to them, I would have missed out on the easiest path to becoming a millionaire. It is for you to decide your future...​​​

1 comment

👍 0
Ninja

4w ago

But having millions in cpf and not being able to use it till old age. Is it worth it?