Everchanging Polices By The Authority

The goal posts can be moved forward at any point of time. This is applicable to the country of my residence. The policies which are immovable, can be changed at the whim of the Authority’s discretion.

https://www.straitstimes.com/singapore/health/eldershield-review-committee-wants-scheme-made-compulsory

The above example reflects the possibilities of changes in the policy. What is feasible and applicable in today’s context, may not be applicable in the future. I won’t be surprised if the Authority comes up with the law which forfeits the pensions in the form of CPF, to the State. Therefore, it is prudent to assume the worst-case scenarios in terms of the possible policies changes implemented by the Authority.

The above goes to show that it is always possible for anything to happen in future. I am focused on making the investment portfolio the priority for the retirement goal. Therefore, one will be best prepared to focus on the currently dealt cards and make the appropriate decision accordingly.

WTK

 

Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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