Myth 117

Is CPF a saving scheme for retirement?

After saving for a life time at between 33-50% of a person's income, many Singaporeans ended up with little money left in the CPF for retirement? How can that be? Where have all the money gone to?

In the first place housing eg a 4 room HDB flat, will take away between $200k to $300 for a 20 year instalment plan. A person who contributes $1000 to