General Knowledge
In today’s fast-paced world, it’s easy to get caught up in immediate financial concerns and overlook the crucial task of planning for retirement. However, recent studies reveal alarming statistics that highlight the urgent need for Singaporeans to prioritise their retirement planning. The Retirement Reality Check A recent HSBC Quality of Life report uncovered some startling…
The recent CPF changes in 2024 present both opportunities and challenges for retirement planning in Singapore. Here’s the summary list of the key changes. 1. Increased CPF Contribution Rates for Senior Workers From January 1, 2025, the total CPF contribution rates for employees aged 55 to 65 will increase by 1.5 percentage points. This change…
Retirement planning can seem like a daunting task, especially in a fast-paced, high-cost environment like Singapore. Many Singaporeans find themselves facing significant challenges when it comes to preparing for their golden years. However, with the right approach and some small, manageable steps, you can set yourself on the path to a secure and comfortable retirement….
In today’s day and age, many information can be easily found online. If that is so, why should anyone still want to work with a Financial Advisor? Here are some benefits when working with a Professional: Personalised Financial Planning: A Financial Advisor takes time to understand a Client’s needs and challenges to propose tailored solutions…
Having worked with many families in Singapore, even though most are double-income families, there are still a handful where the family relies on a sole breadwinner for household income. Being a homemaker in Singapore is also not easy. With the rising cost of living in Singapore, the role of the homemaker becomes even more challenging….
For many people, retirement planning seems complex and thus difficult to even think about. In some cases, they are also unsure of the amount they will need at retirement. For those who had worked out a number, they might think that the amount could be inflated. For others, in lieu of accumulating for a lump-sum…
Let’s be realistic for a moment. When you no longer work in a full-time job, you will still need to pay the bills. Moreover, the next thing you will feel is emptiness. Most new retirees will schedule activities to keep themselves occupied. It is very likely that the first phase of retirement, you will still…
Towards my last few years as a retail investor, I was exploring what Unit Trusts to buy. Unfortunately, I couldn’t find good answers online or from the banks at that point in time. And this question came up again recently. Now that I am in a different position, I shall attempt to answer this as…
Today, more than ever, we are constantly battling with decisions-making. We have limited resources, but many demands. And, things in this decade are changing faster than the previous decade. Even though we are now more affluent, more educated, and more updated, we can still feel financially insecure. While we may be coping with the changes…
When it comes to wealth accumulation through investment, most people would ask, “what should I invest in?” For me, I invest in anything that has a good ROI (returns on investment). You might say… of course…. who doesn’t, right? But, what is good ROI? My answer might disappoint some. If there’s one thing anyone wants…