Is CPFLife new ERS payout $3,300 p.m. really enough ?

 One wise shared that: At $3,300 pm per pax, it can be a comfortable income floor for a retiree couple.

I wonder if $3,300 p.m. per pax really comfortable ?

This $3,300 p.m. per pax will certainly not be even enough to cover Caregiver or Nursing home in 15-years' time for one, excluding inflation.

NURSING HOME COST
Current Nursing home cost is about $4k to $5k p.m. per pax.

In 15~20 years' time, we will add to our children or society burden.

WE WILL STILL NOT LAST SANDWICHED GENERATION 
Sadly we can never be the last Sandwiched Generation !

~~~~

Some takeaway:
1. Take good care of our health; physical & mental.

2.  Beef up on our children financial firepower to help  our "future dependency" on them.

3.  Bond & love our loved ones so that their Caregiving would be "sweeter".

4. Retirement expense is not just daily cost. Our most expensive cost maybe our Caregiving home cost from age 75 to 90; any shorter is a blessing.

Our RA payout buffers $3k p.m., and cash (including CPF-OA) would need another $1M (= $6k × 12 x [90-75]) per pax.

Hopefully this ($3k + $6k p.m.) will help fund our future NURSING HOME Cost.

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