Enough or not enough? Reflections on the debate on basic standard of living and 3 steps for personal financial adequacy
A recent study from the Lee Kuan Yew School of Public Policy and the Nanyang Technological University have concluded that 3 in 10 Singaporean households do not earn enough to meet the basic expenses, but the Ministry of Finance has raised objections. MoneyOwl CEO Chuin Ting Weber weighs in.
This step-by-step guide offers advice on how to prepare for retirement by building a healthy retirement income stream, ensuring you have adequate medical insurance and a fully paid home to stay in.
In our fifth article of this series, we will talk about the third must-have for retirement – a strong healthcare safety net that takes care of your healthcare needs.
While CPF LIFE payouts should form the foundation of your Safe Retirement Income Floor, there are other financial instruments you can use to boost your retirement income.
The second must-have in retirement is a monthly retirement income for life to cover our living expenses. How much you need to have depends on your expectations for retirement, goals and standard of living.
When faced with retirement, most Singaporeans are worried about whether there is enough money for their living expenses as well as medical needs. We delve deeper into one of the must-haves for retirement: a home to stay in.