As life expectancy increases, the number of years that people live with a chronic disease is expected to rise. While Singaporeans live up to the age of 82 on average, they are also likely to experience about eight years of ill health in old age. In Singapore, more people are having the “3 highs”; high […]
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, […]
We know insurance is necessary but can be costly. At MoneyOwl we help you to be even more prudent by identifying what you probably need at various life stages. These are the key and essential areas you should focus first. If your budget allows, you can then consider other areas to enhance your insurance portfolio […]
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 […]
Start Planning Early There is an immense joy that comes with parenthood. While we savour the joy our children bring into our lives, we are also constantly thinking about their futures. In particular, their education is the biggest concern and is a major financial commitment. Decide How Much to Save Before deciding which product to […]
Endowment policies are designed to help you save for the future. You contribute a regular premium for a number of years and at the end of the policy duration you receive a lump sum Maturity payout. Some Endowment policies have a Cash Back feature, whereby Yearly Cash Benefits are given at specified years in addition […]
If you’ve had a look at the insurance products we feature on our comparison engine, you may have noticed that we do not feature Investment-Linked Policies (ILPs) at all. There’s a very good reason why we don’t advocate them, we’ll share more in this article. How do ILPs work? ILPs are insurance policies that combine life […]
Not many people have a will done and there are many reasons for that. Well, it could be due to cost, perceived complexity in will writing or even the thought that there is nothing much to distribute. Even if one recognizes the importance of having a formally written will, there is also the hassle to […]
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