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CPF and the annoying thing about compounding

Compounded interest seems like a pipe dream because its effects only show in the final years, says CAI HAOXIANG

Doing the math: Currently, just about half of Singaporeans meet the minimum sum to qualify them for the maximum lifelong annuity payout called CPF Life. The minimum sum is now at $155,000. - THE STRAITS TIMES FILE PHOTO

COMPOUNDING interest will make you rich, they tell you. A cornerstone argument of personal finance and wealth managers, compounding interest - that is, money snowballing into Warren Buffett-like billions - is a seemingly unassailable argument for the need to save, and start early, and to invest