As you journey through life, the phases of your retirement planning process should progress with you. However, many retirement planning instruments available are meant for the earlier stages. Near-retirees are sold products that may never help them reach their nest egg requirement. Watch this video as Eleanor Ng, Client Adviser at Providend, shares the different…
This is an article published on The Business Times as a recognition for our ethical practices and strict adherence to the fee-only model. FEE-ONLY advisory firm Providend faced an uphill climb when it was set up in 2001. Chief executive Christopher Tan was often told that Singaporeans would not pay a fee for advice. But since…
In our previous article, we discussed how CPF LIFE payouts form a good Safe Retirement Income Floor. For some Merdeka generation retirees, however, you may feel that the payouts from CPF are less than what you wish to have for your lifestyle. If so, you can build on top of your Safe Retirement Income Floor,…
In this third article, we explore how CPF, specifically, CPF LIFE forms the foundation of your retirement plan by providing you with a stream of income for life. A retirement income that covers daily expenses is the second Must-Have in retirement, alongside a home to stay in and a medical safety net. The age at…
The second Must-Have in retirement is a monthly retirement income for life to cover our expenses. It is no coincidence that those belonging to the Merdeka Generation are at one of the important milestones of their retirement planning – crossing the statutory retirement age of 62, CPF payout eligibility age of between 63-65 and re-employment…
On 22nd December last year, I invested the monies in my SRS account into one of the investment portfolios that my company manages. About one month later on the 19th January, I went to check on how it has performed and to my pleasant surprise, it has grown 7.64%! I was very excited about it…
Financial Planning for the Merdeka Generation Part 1 – Your Home We all know someone from the Merdeka Generation perhaps a parent, neighbour, colleague or even yourself. Born in the 1950s, each has a story to tell, stories of how one lived through the independence struggle of the nation, joined the workforce early and experienced…
When the Central Provident Fund (CPF) was introduced in 1955, it only had one intention and that is to help Singaporeans to save for retirement. Since its establishment, the fundamental of it has remained. Till date, 64 years have passed and despite several modifications made to it along the way, the primary purpose of CPF is still to…
There is a Singapore tradition of a huge Hongbao Toto Draw during the Chinese New Year season. This year, the draw is on 22th February 2019 for an eye-watering $12 million. You can already start to reserve bundled packs of tickets. Will you be buying a ticket? I did so some years ago as part…
Many investors enjoy predicting when the next stock market crash is going to occur. So anything that can apparently predict such a crash is often sought after by investors—much like adventurers used to search for the mythical Holy Grail. One stock crash indicator that has risen in popularity in recent years is known as the…
