Not sufficient CPF money to pay out all the rising aging population of Singaporeans.
Raising the age means you can reduce the withdrawal rates to this ponzi scheme which is already taxed to the max.
This means the government have no money to service you all.
Which also means as time goes by, the retirement age will continue to rise and rise until you die before you can withdraw.
Later next of kin beneficiaries also they will implement new rules/scheme to delay withdrawal of deceased CPF.
So conclusion....
1. If you're not married.
2. You have a lot of CPF.
3. If you're BBFA..
4. The government eats/steals all your money.
5. Even if you have nominees to your CPF, eventually there would be new schemes to delay handing your money to them.
CPF is not covered under will, so better decide who your nominees are now.
Raising the age means you can reduce the withdrawal rates to this ponzi scheme which is already taxed to the max.
This means the government have no money to service you all.
Which also means as time goes by, the retirement age will continue to rise and rise until you die before you can withdraw.
Later next of kin beneficiaries also they will implement new rules/scheme to delay withdrawal of deceased CPF.
So conclusion....
1. If you're not married.
2. You have a lot of CPF.
3. If you're BBFA..
4. The government eats/steals all your money.
5. Even if you have nominees to your CPF, eventually there would be new schemes to delay handing your money to them.
CPF is not covered under will, so better decide who your nominees are now.