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…
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 serving National Service as one of the earliest batches. These are…
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…
We had a very turbulent financial year in 2018. We saw amazing gains in January which were more than wiped out in February. We had an October and November whose combined correction was more than enough to wipe out all the gains for the year and place the US market firmly into negative territory. And…
This is a sad and terrible article about the deaths of parents and orphans who are left in a bad fix. Therefore, do not read this article and go no further if you do not want your day to be spoilt – and possibly the rest of your week. You have been warned. If you…
The number one excuse I hear for not saving money is that everyone wants to wait until they have more. Well, with compound interest on your side, it is not a good enough reason. Compound interest sounds incredibly boring but you don’t really need to understand the dull formulas behind it. You just need to know…
Does this describe you: you have worked for a number of years, your income is moving up and so is your income tax bill, and the last time you received your NOA (Notice of Assessment) from IRAS in the middle of this year, you asked a friend for ways to reduce your income tax for…
