CPF Annuity

Very soon, annuity would be compulsory for all Singaporean age 50 and below.
Payout would start only after 85 years old.

Mr.Tan Kin Lian, former NTUC income CEO, praised that the annuity is an excellent tools for old age planning. But he does not need an annuity as his cash can last him for another 100 years.

From direct observation, rich people can afford the medical expense to keep themselves health. Any way,what is a few hundred dollars to them.

Poor people tends to die younger as they could not afford better medical care.
The unlucky ones would suffer from poor health and live longer.
If they are getting the annuity payout, most likely it would end up for medical fee at the public hospital. Come think of it, money comes out from government and goes back to the government.

I do not want to be "annuitized". I want to have full control of my finance. If i suffer at old age, let it be my responsibility!