When you are young, in your 20s or 30s, retirement feels like a looooong way ahead. Typically in your 20s, the only person you have to spend for is yourself. In your 30s, you will have new financial priorities such as the wedding, child’s schooling, house loans, etc. If you consider all the aspects of your finances and fast-paced life today however, you will realize that it is the best time to start saving for retirement before you hit 35.
After countless years of routinely work, most people cannot imagine a life without it. Retirement, a course that can happen either by choice or by circumstance, came as an easy decision for Lee Wachtsetter. Lee Wachtsetter or commonly called as Mama Lee has been spending the past seven years on the luxury liner named Crystal Serenity. She told USA Today that she was always fond of cruises. In fact, she has been on more than 283 ships since 1962. She
Supplementary Retirement Scheme (SRS), as the name suggests, is a plan designed to help fund your retirement besides the CPF. It forms one of the multi-pronged approach by the government to help tackle the problem of a silver tsunami that Singapore is facing. SRS is a voluntary scheme which offers tax benefits in the form of a tax relief for every dollar you contribute up to a maximum of $12,750 per year. There is no minimum amount and you are
Many people cannot imagine themselves to be retired. It may be so many years away that it does not resonate to the current ideology of working hard for success and financial freedom or to simply stop working. There are two kinds of retirement: by choice or by circumstances. If you choose to (or not to) retire, it means you have either achieve financial freedom or you have relieved yourself from most financial obligations such as paying off your mortgage and
It would be no surprise if you have come to this article looking for the best places to retire overseas. After spending decades of your life slogging in Singapore, you feel it is now time to venture out and get some fresh air. It might seems appealing to you to spend the next half of your life in a place where you get the best healthcare and quality of life – in addition to your mansion that is overlooking the horizon by the