The 5th "An Evening With AK & Friends" (1 August 2015)
Yes I went for the 5 th Session of “An Evening with AK & Friends”. Unlike some of you, this is my first time going for this session and I really appreciate the knowledge that was discussed during the 3 hours session. Basically it was a session talking about CPF, Insurance (By Christopher Tan from Providend Ltd) and “AK talking to himself” as usual. (Note: I am not a very good writer and never really take any notes. So I will just write from my memory and in point forms.) Firstly we talk about CPF, Medisave, CPF Life and Minimum Sum as follows: CPF SA has a guaranteed 4% return (as of now) – 1 of the best risk free return out in the market. Medisave Life – It is a better form of Medisave that do not discriminate between illnesses and will cover your whole life. Minimum Sum - This is the most interesting part of the discussion. It is stated that the minimum sum, currently at $161k, will increase 3% every year so that everyone can have at least 650/m...