Ministry of Health reported that 1 in 2 Singaporeans age 65 could be severely disabled in their lifetime. Disability can arise from illness or accidents, almost always when we least expect it. Given the possibility, how ready are you for this? What is severe disability? It is defined by the inability to perform 3 out of 6 …
I hope you will get a personal clarity by the end of this article. Firstly, there are some ways in which you can increase your CPF savings with the extra cash in hand: Voluntary cash contribution to all three accounts (Ordinary, MediSave, and Special Accounts) Cash top-up to Special or Retirement Account via Retirement Sum …
CPF or Central Provident Fund was designed to be a social security pillar for every Singaporean. Providing one with Income during Retirement, funds for housing and healthcare. Compulsory contributions are made based on a portion of paid income from employees and employers. In my previous career, I was offered the option of whether I wanted …
This is the Reason why I’m a firm believer of CPF… Read More »
1.Focus on starting today Especially if you’re just beginning to put money away for retirement, I recommend that you start saving and investing as much as you can now, and let compound interest — the ability of your assets to generate earnings, to have an opportunity to work in your favor. 2. Automate your savings Leaving savings …
How to boost your retirement savings – whatever your age Read More »
1. Delay retirement preparations, or save too little Have you see the above table before? That’s a table people use to prioritise their to-do-list for their day. However, we all also have a to-do-list in Life. And Retirement planning is one of the items. Many a times, it gets binned in the Delay it or …
Set Clear Goals Early “Hmm I haven’t thought of it…55? 60? 65? Tomorrow?” *inserts weak laughter* This is a common response when I ask some people when they would like to be financially ready for retirement. On the other side of the spectrum, some would answer with: “I don’t intend to retire, I want to …
Imagine owning a Supercar without knowing its full capabilities. You go about the entire time you own it realizing only a fraction of its ability and by the time your ownership of it expires, someone tells you of its magnificence. Alas, you can no longer enjoy it. This is somewhat the current situation what we …
The numbers 55, 62, 65, 67 are significant numbers to every Singaporean. No, they are not lucky numbers that win you the lottery, but important milestones, nonetheless. Understanding the significance of these milestones is especially important because there will be a time only after reaching the age where you can have access to the money, …
The Fundamentals of Building a Retirement Nest Egg Read More »
Choice. This word speaks of power and ability that has been achieved and is rarely given because one has come of a certain age. “I don’t want to, You can’t make me, I’m Retired!” …is but idealistic thinking unless preparation has been done. This is especially so for Retirement. Ever dreamt about the ideal Retirement …
One of the key principles of long-term investing is to stay invested, especially during times when investing can feel like a rollercoaster ride. When markets are volatile, identifying an opportunity and buying more during a correction is one thing, but jumping in and out of the market should generally be avoided. History has proven that …
What to do, When You Don’t Know What to Do in a Turbulent Market? Read More »
Ever wondered to yourself, that for the investment Risk you are taking, are you being compensated fairly with Return? Or could the return you are currently getting have been achieved with much less risk? Well a gentleman by the name of Harry Markowitz went a step further in 1952 when he published a formal portfolio …
How to get the Best Investment Returns for the Given Amount of Risk? Read More »
“What should I invest in?” – a common question that I receive in my course of work and on my social media channels. However, before going further, I would recommend reading the article I wrote about finding your risk profile and Need Ability and Preference for taking Risk. Check? I once met a client …