Everyone wants maximum returns but most got it wrong. Endowment plans offer higher returns than what you get in a bank account. Many insurancers in Singapore offer savings plans but their features vary. Read More..
Discover How CPF Life and MediSave Complements Each Other & Why They Matter So Much During Retirement Age
Aside from the obvious need for retirement payouts, healthcare costs are a bomb, basically 5 figures when above retirement age. With that in mind, how do one make preparations for retirement, rising healthcare costs and still have enough to get ...
What do you envision when you think about retirement? Most people think about traveling the world, sipping cocktails on a tropical beach or even buying a house on the hill. While these are wonderful ideas to explore upon retirement, they ...
The likelihood of having higher life expectancy is on the rise. Thus, it is crucial that people are well prepared for life after retirement. READ MORE
The Supplementary Retirement Scheme is a great plan for those that wish to save for retirement above their CPF savings. The SRS monies can be invested in SRS-approved installations such as EFTs, annuities and insurance, unit trusts and shares. These SRS-approved retirement plans allow you to save and later generate a stable and long-term financial […]
Do you agree that when it comes to Singaporean’s financial stability after retirement, the government has increasingly showed concerns in that area? Several programs have been launched to this effect such as the CPF, RSS and SRS among others. In this article, we want to talk about a very useful instrument when it comes to […]
Retirement always seems like a lifetime away and it is easy to put it off, especially when you are in your 20s, 30s or even 40s. Most people believe that retirement will always sort itself out, but is this always the case? Retirement will mark the end of your career that has been built over […]
As a follow up to our previous article talking about legit ways of reducing your income tax, here are more ways for you to reduce your income tax… if you have kids. Next time before you submit your income tax declaration form, here are some pro-family tax savings you can apply for: Qualifying Child […]
Here we want to look at 4 good methods that not only can you use them right away to reduce your taxes, but also to grow some wealth.
The Retirement Sum Scheme (RSS) is a monthly payout scheme for CPF members to enable them to have a basic standard of living condition after retirement. This scheme was updated to CPF LIFE in 2009 for older adults above 55 years of age. This scheme was created to help increase life expectancy in the country, […]
With things like inflation, rising costs of living and people increasingly getting more and more unhappy about their salary, it is no wonder people have that scare.
Ever had those times where you just find that your finances are not managed effectively? Then you feel managing your income and monthly bills (or even pocket money if you’re not working yet) is so hard, where you just keep on spending. Here are 5 effective ways which have been collated during a survey and […]