{"id":6476,"date":"2017-05-19T17:35:49","date_gmt":"2017-05-19T09:35:49","guid":{"rendered":"http:\/\/www.investollo.com\/?p=6476"},"modified":"2017-05-19T17:35:49","modified_gmt":"2017-05-19T09:35:49","slug":"new-cpf-life-escalating-plan-good-deal","status":"publish","type":"post","link":"https:\/\/www.areyouready.sg\/new-cpf-life-escalating-plan-good-deal\/","title":{"rendered":"Is the New CPF LIFE Escalating Plan a good deal?"},"content":{"rendered":"
Set to launch in the beginning of 2018, the new CPF LIFE Escalating plan is another retirement payout option for retirees to choose from beside the currently existing plan \u2013 the Basic Plan and the Standard Plan.<\/p>\n
The new plan includes 2 features:<\/span><\/p>\n <\/p>\n Who will Benefit from this?<\/b><\/p>\n <\/p>\n What are some Drawbacks?<\/b><\/p>\n <\/p>\n We did some calculations on our own. Turns out that after 11 years, the Escalating Plan will be worth more than the Standard Plan in current dollars. <\/span><\/p>\n Complex mathematics simplified: your money is worth less as time goes by (aka inflation), using 2017 dollars as a baseline, we are calculating how much each dollar you get in the subsequent years are worth in 2017 dollars. $1 of today is worth more than $1 of next year.<\/span><\/p>\n\n
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