One size doesn't fits all.
I have always advice my friend to use their CPF money for property purchase if they really need to.
Cash is King ONLY if you know how to make it work for you.
Always fulfill your BASIC needs like shelter and a proper (which can be a simple and good) life then we focus on investment which should lead to retirement or just focus on retirement plan.
After all the hoo ha about CPF, why not Focus on the Main Incentives.
Look at the Good Point of Annuity and decide for yourself.
I am going to make it short and sweet for this blog.
It is important to know the Annuity you choose actually PAYS you TILL you go heaven BUT there is no free meal so make sure your Retirement Accounts gave you that benefit.
Take this as another retirement portfolio.
Another Good Thing to know is,
1. how the annuity money can be bequested upon death. Take note that the bequested amount (if any) depends on the plan you choose. Will there be changes, we won't know yet.
2. how the monthly payout is protected from creditors which i feel is good to know. Hope no one abuse it though.
Last but not least, you should read up on what CPF Board provided for accuracy.
http://mycpf.cpf.gov.sg/NR/rdonlyres/09EA0C05-C8E9-4705-9D91-E8BD1D12CF1E/0/LIFEBrochure.pdf
Another Good Deed Done.
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