Taking it apart
CPF for housing
It's actually good. Put it this way, without our forced savings, many youngsters may not even accumulate enough for downpayment.
The monthly contribution, being segregated into Ordinary, Special and Medisave, ok it's still acceptable as Ordinary is used for housing by many, as well as using some for education and what's permitted.
Special is locked away. That sucks. When we are unemployed and OA is dry, we can't just use SA. Jobless liao how to pay in cash?
Medisave and healthcare cost
Well, our healthcare subsidy isn't sufficient to us as citizens. Debatable question on what is enough.
Since it's kinda cast in stone, only thing I can do to mitigate healthcare cost is to be amply insured. Don't want to be caught with my pants down and having to resort to exhausting every possible finances if something bad happens.
Retirement Account
This one sucks! But than again... since it's also kinda cast in stone, than I'll buffer it into my retirement planning, as a small sum that I will get, plus where else I am going to find funds for my retirement.
Can also pledge up to 50% of RA from our property.
Our HDB
Gov very smart. They know e greying population will be a burden, they built many avenues where we will end up needing to consider if our funds runs dry. There are a few options opened to retirees on their HDB flats. That includes selling back remaining lease, selling it and moving to 'studio' flats, etc.
In conclusion
End of the day, I grumble and am also not agreeing with PAP on many of their doings, but well, I just buffer their policies into my life since I know these can't be changed anytime soon. If policies changed, will it be for the better? I don't know.
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