Baby Ian

Monday, September 26, 2011

Financial Crisis

I've hearing news that the financial crisis has started. Dad's recent investments are now in a sea of red. Sound scary, huh?

But something cheers him up - he's just recieved CPF payment from SAF for his NS of $3,500. And because of that, the next good news is that he has finally hit the CPF Medisave ceiling of $41,000 last month! That's the milestone that was seemingly almost impossible to achieve, especially when our government keeps raising the ceiling in the name of inflation. Sound alot like a 'debt' ceiling that could never be hit. But at least he (or rather me) can celebrate this for a while until the next ceiling revision.

Note: Dad's medisave account can never be withdrawn in his lifetime. That's meant to be for his offsprings ;p