Annuity

PM Lee seems to be in a hurry to do things always. Pressing buttons, making demands and leaving people with no choice.

There are many ways to make provision for life after 85 and the annuity isn’t the only one.

Those who would rather leave their hard earned money for their loved ones should be given a choice to either:

1) Have smaller monthly payouts that would stretch from 65 to 100 years old.

2) Save a bigger minimum sum so that without any change in monthly payout, can last till 100 years old.

3) Any combination between (1) and (2).

If these choices are presented, he would not be so resented.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: