Retirement

Countdown To Retirement: The Final 5 Years

One of the most significant transitions in your life is about to begin. In a blink of an eye, you have reached your 60s. Retirement may not be a pressing concern for most of your working life, but it is surely happening soon. The sense of urgency stimulates your awareness. You will begin to pay close attention to insurance commercials and to the company’s retirement benefits. You will go through your CPF savings and analyze whether it is enough. How

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Retirement

The Risky Assumptions When Planning Your Retirement

Have you ever wondered how much money do we need in our silver years to be able to afford our desired lifestyles? Most adults would be relying solely on their CPF funds to finance their retirement. Asset-rich but cash poor retirees could be thinking of renting their HDB flats out to supplement their retirement funds. There are indeed several ways to build up our retirement income. However, we must be mindful of avoiding some of the dangerous assumptions when planning

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Retirement

What Are The Downsides Of Early Retirement?

Undergoing an early retirement can result to a journey of financial, emotional, and social effects. Are you ready to take on this pressing challenge? LOSS OF INCOME What drives you to go to work every morning? Be honest! One of the basic instincts that fuel us to work is survival. We tolerate grueling hours of work and messy office politics in order to produce food on the table. Having a fixed monthly salary gives a sense of security that your

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Personal Finance

6 Financial Pledges For The New Year 2018

What are your financial resolutions for the next year? Here are some ideas to get you started. #1: BE DEBT-FREE When it comes to minimizing your debts, it pays to be strategic! You can either conquer a volume of smaller debts or a decent amount of high-interest debts. The important thing is to restructure your debts in order for payments to go towards your principal rather than the interest. #2: CANCEL UNNECESSARY ACCOUNTS Look into your current financial situation. Keep

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Retirement

3 Ways To Make The Most Out Of Your SRS

Prudent individuals go through great lengths in order to build retirement fund. Many Singaporeans completely rely on the government-mandated Central Provident Fund (CPF). It is a savings plan to fund important expense categories such as retirement, housing, and healthcare. Unbeknownst to some, there is a scheme that is meant to complement the strength of CPF. I am talking about the Supplementary Retirement Scheme (SRS). SRS flourishes your retirement savings by providing tax relief and investment options. Unlike CPF, SRS is

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