The Resilience Budget will dedicate $48 billion to help Singaporeans deal with the impact of COVID-19 with a focus on saving jobs, protecting workers and supporting households. If you had missed DPM and Finance Minister’s Heng Swee Keat’s Ministerial Statement earlier this afternoon, here’s a summary of the cash payouts that you can potentially receive. […]
In our earlier articles (click here to refer), we looked at the projected CPF savings of a new joiner to the workforce with plans to get his own place after 5 years as well as a middle-aged profile looking at upgrading their property. In this article, we explore how a pre-retiree can balance between children […]
Just as Budget 2020 had short-term, midterm and long-term implications, we can also adjust our personal finances across these time periods to better prepare for our financial future. In the short term, think about how you can better manage your cash flows. With the goodies provided by the Care and Support package that can amount […]
Happy 2020 and what a busy start to the year it has been! This article is for parents who are interested in imbuing their children with financial wisdom. Just as we are getting into the swing of things, i.e., getting balance in our work-life, recovering from the mini breakdowns for our children’s school arrangements and […]
A lot can happen in a year. Looking back at how 2018 ended, it was hard to be extremely bullish headed into 2019, yet as it turns out, extreme bullishness is what gripped both stock and bond market investors over the course of the year. The US stock market fell almost 20% towards the end […]
In our earlier article (click here to refer), we looked at the projected CPF savings of a new joiner to the workforce with plans to get his own place after 5 years. In this article, we will look at a middle-aged profile looking at upgrading their property. Profile 2: Susan and her husband own a […]
As the year comes to a close, we are bombarded by 11.11, 12.12, Black Friday and Cyber Monday deals. We see them all over the Internet, via mobile notifications or even decals splashed across the MRT stations, there is no running away that the advertisers are out for your money. There is certainly a place […]
The 2019 Melbourne Mercer Global Pension Index which was published in October 2019 scored Singapore’s pension system (proxied by the CPF) a B, the highest rating accorded to an Asian country. The B score was also given to Scandinavian countries like Finland, Norway, Sweden and Switzerland so perhaps the notion that our pension system is […]
From next year, CPF members who are receiving payouts or will start to receive payouts under the Retirement Sum Scheme (RSS) may see an increase in their payout amount of up to $50. As part of the change, all extra interest earned from age 55 till start of payouts will now be used to increase […]
