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annunities - can you live beyond age 85 and above
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Pension
Elite |
22-Aug-2007 23:06
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This is a very important question on everyone mind. If you wife is a housewife who do not have cpf , can she entitle to annunities after 85???? |
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Manikamaniko.
Master |
22-Aug-2007 22:52
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Does anyone know how much of the annuity is given to the spouse if the annuitant dies? |
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Pension
Elite |
22-Aug-2007 22:46
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I think woman live longer than man, it would be good if your annunities can transfer to your wife when you say goodbye to her. |
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ruanlai
Master |
22-Aug-2007 20:39
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I think this should only apply to Jeng Hu personnel.......cos they are more long life. Like us lao bai xin where got long life cos bo lui jia po leh...... 85 years old then get.......some ppl say it looks like jeng hu give pei kim hor...... |
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Pension
Elite |
22-Aug-2007 18:42
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The person who introduce pension scheme was brilliant but it was scrap. A group of civil servants who opted out regretted and took up civil case against ... . The case was thrown out by the judge. Now annunities scheme is compulsory, you cannot opt out, you can regret if you cannot live beyond 85. |
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cheongwee
Elite |
22-Aug-2007 18:19
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What the fed do is to fight fire with fire....just delaying the finale...they should just bite the bullet and pay...by flooding the market again with paper dollar are setting themselve and the world for a longer recessionb..and worse a deep despression.. If u still dont buy a bit of gold...u are making a hugh mistake...very soon we shall see gold beacking the old high of 880.. |
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cheongwee
Elite |
22-Aug-2007 18:14
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Actually,we can retire at 55..but becos of higher living standard,that is why the govt know alot of ppl got no money in their CPF for retirement that y why want ppl to retire at 62..65..i think eventually no need to retire...work your way to mandai columbariun...or cck cementery...who fault??? All becos the world embrace a fiat currency standard,and with that come high inflation reducing the purchasing power of the dollar..as history show all fiat money will eventually fail..the real money is alway gold and silver..today srock market crises also can trace back to this cause..witrh CBs printing paper money flooding the market with liquidity...thus creating alot of bubble.. Buy gold and silver...stock...etf...coin. |
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harryp
Veteran |
22-Aug-2007 18:12
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Only a portion of the of the withdrawable sum will be detained for annuities and they are still working on a reasonable percentage in the interest of the old age. With the annuities and reverse mortgage, I think those above 85 shud be quite comfortably contended. Inorder to enjoy that facility, we must try out best to live long long so that we don't rugi. BTW, just thought it wud be better if the garmen IPOed the CPF, and we become shareholders. Dividend will probably better off than this annuity thing. |
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skeleton
Member |
22-Aug-2007 17:55
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Aiya..no chioce, since retirement age up to 65 and perhaps 67 .....meaning gotta wait longer to collect money & enjoy life but work longer....so very boh bian...must log off now and go around the neighbourhood bus stops see got empty bottle cans to collect to make some money IN CASE I live beyond 85....wahahaha.... good luck all. 
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skeleton
Member |
22-Aug-2007 17:50
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Pension, the Garment will put your suggestion under the 'Tan Gu Gu' scheme. Hahaha.... 
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Pinnacle
Master |
22-Aug-2007 17:46
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MLM = Multi Level Marketing??? Pyramid??? If I'm at the top of the pyramid, why not? If close to bottom, hmm... |
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Pension
Elite |
22-Aug-2007 17:46
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If you read the obituaries column of Straits Times everyday, you would averagely know how long your life span. I think many way to resolve silver hair financial problem in singapore. The reverse mortage by HDB for 2 to 3 room flat is one of the good way, it would be better if it can be extended to 4,5 and executive flat owners. The other way is 1% of gst collected or for every charge of ERP, 50 cents goes to silverhair fund. |
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skeleton
Member |
22-Aug-2007 17:41
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One more introduced scheme for you guys to crack and drain your brain cells. Why come up with HIP (Home Improvement Programme) and NRP (Neighbourhood Renewal Schem) instead of sticking to the Lift upgrading or Major upgrading where they campainge during the election ? And take a closer look, it looks good and reasonable that those flats included in these programmes are the ones above 20 years old...but why ? Maximum 30 years for installment payment by these flat owners when purchasing the flats 20 over years ago is coming up soon....so ? Put on your thinking cap Any one has a reply to why all these HIP and NRP for flats that are 20 over years old now ? Hahahaha...very simple leh
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skeleton
Member |
22-Aug-2007 17:36
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Pension, those are good ways for the older workers but i feel it still benefit the civil servant more than the workers in the ONLY 300 unionised companies. Which non unionised company would wanna employ a 70 year old who keep popping viagra at work with his trembling hands instead of getting a younger one who can multi task....basic elememt - profit for the company come first or care for the society come first if u are the boss? As for reverse mortgage, gotta read more into detail, but initial thought tells me that it's a way to tell those older and poorer people that they still have an asset to 'pawn' but cannot redeem back and take care of themselves. 
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Manikamaniko.
Master |
22-Aug-2007 17:06
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A lot of people misunderstand MLM.. This is because they listen to their frivolous negative friends who are probably not too serious in making the opportuunity work for them. They are invariably people who give up before even trying. MLM is a superb mechanism and vehicle which offers a great oppportunity for good income right into one's golden years. One just needs to make it work! |
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Rustyhaster
Member |
22-Aug-2007 17:04
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I was diving with my radio on when i heard the news abt draing out the money at the age of 85 and started wondering whether most singaporean can live past 85 when the next news i heard on the raido is our ex-minster died at the age of 84. me and my partner just laugh out loud saying that he's one year sort of the requirement to draw out that money. wahahaha |
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Pension
Elite |
22-Aug-2007 16:57
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some mlm can transfer the loyalty to their children. |
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Pinnacle
Master |
22-Aug-2007 16:35
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What I don't like is that if we don't live beyond 85, the gov will tell us "too bad and thank you. We will confiscate it". I rather dump that $$$ into the stock market and maybe I can roll a handsome profit out of it then to give it to them. |
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Manikamaniko.
Master |
22-Aug-2007 16:34
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Heard my buddies said many people regret not joining MLM when they were younger, since MLM is really good for building a future steady big income into one's old age. MLM is also known as Network Marketing. Old people can also start doing it since they have a long time more to live... 
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Pension
Elite |
22-Aug-2007 16:09
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I hope the government can revised the age lower than 85, maybe 70 so we can enjoy our annunities. |
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