If you are planning for your retirement and haven’t heard about the Supplementary Retirement Scheme (SRS), you might be losing out! What is Supplementary Retirement Scheme (SRS)? SRS is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief and only […]
Retirement income insurance plans have been gaining popularity among Singaporeans when it comes to retirement planning. They help us diversify our retirement portfolio, encourage a disciplined savings habit and provide monthly guaranteed payouts during our golden years. As these plans are underwritten by insurance companies, they also provide some insurance coverage. While you may know […]
If you have ever tried to figure out how much you need to have to retire in Singapore, you’ve most likely been confounded by one of the most basic yet most difficult question to answer – how much monthly income do you need during your retirement? This requires one to imagine what life is going […]
If you have started your investment journey and are wondering how investment returns should be calculated, we have put together some materials that hopefully will help you understand returns better. Let’s start off with some basics. Simple Investment Return Adam invested $500 in Fund A. 1 year later, he sold all his holdings in Fund […]
At the 2019 National Day Rally, PM Lee Hsien Loong made announcements for gradual increases in retirement age, re-employment age and CPF contribution rates for older workers. Here are some notes on making your CPF work for you. HOW MUCH DOES CPF LIFE PAY? If you are aged 55 years old today, the current: · Basic […]
I have seen this question asked in conferences and seminars again. And Again. And Again. And somehow, I felt the people asking that question never got a satisfactory answer. The question: If I have a lump sum of money, should I invest the lump sum in one shot, or should I split them up into tranches? Mathematically speaking, if […]
Investment comes with the risk of losing money and for a retiree especially, can be a difficult thing to stomach when there is no longer a source of active income. This is probably why most literature caution retirees against taking on too much investments in their golden years and instead advise them to preserve their […]
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Back in September 2018, NUS released a study on The Straits Times that discussed the effectiveness of government policies in increasing Total Fertility Rate (TFR) in Singapore. The authors found that the estimated cost of raising a child in Singapore from infancy to age 21 across the 30th, 50th and 70th percentiles of household income […]
