CPF - A bugging feeling
Cpf is the people's life saving for their retirement. By the ever increasing withdrawal age, it appears to be an elusive dream. Just when one is about to touch it, it slips away again. The apparent slipping away act has led to many wild speculations that there is not enough money in the CPF. But the official position is to keep it a little longer for the people's own good. Hold it back a few more years, and the money will grow a bit more. It is such a nice feeling to know that one will have a big sum of money in the CPF at 90 if the withdrawal age ever reaches that number. For as long as the purpose of keeping the money for old age is still tossed around as the reason, it may still be tolerable to some. What if the retention of CPF is to allow the funds to be used in some mavericks' investment schemes? There is this bugging feeling that the CPF is a cheap source of fund for investment. And the longer it is retained, more funds will be available to do a lot of things. Th0ugh this may not be the case, people's imagination simply run wild. What would be most undesirable will be for people to incorporate CPF's savings into their financial planning. This will be contrary to what the CPF is all about. Investing CPF money should be a secondary objective, a kind of a need to grow the money since it is there. Not to make the funds available and withholding it from the people. Now why would people think that this may be the case?