As I started planning for my retirement, I began to pay attention to how our Central Provident Fund (CPF) system works for retirees. As retirees reach the age of 55, CPF allows them to withdraw $5,o00 and transfers the rest of the money from their Ordinary Account (OA) and Special Account (SA) to their Retirement Account…
Happy Lunar Year! I hope the month has been as good for you as it was for me. Thanks to my awesome clients Apart from the regular income from my day job, I have received $634.79 from active, passive and investment incomes this month. Active Income: $450 Shopify Project ($250) A friend-turned-client of mine wanted to set…
February has been a good month for me as , tracking my expenses and I’m determined to get this post done on time. Last month’s challenge was a bust as I overspent on food expenses during the Lunar New Year festivities. Luckily I didn’t go overboard with the spendings. I did manage to reduce my shopping…
Over the past week, the local media has been giving bite-sized news about what’s going to be announced in Singapore Budget 2015 plan and today, the Deputy Prime Minister and Finance Minister, Tharman Shanmugaratnam gave the speech to give the full details about Singapore Budget 2015 on local television. I didn’t really care much about…
As someone who is planning for retirement, it is obvious that any change made to the CPF system can easily throw a wrench into the gears of a smooth sailing retirement plan. Therefore every time the government makes a change into the CPF system, it warrants a close examination on the impact it makes to my…
It’s my second month of 2015, tracking my expenses and I’m determined to get this post done on time. I’ve set a lot of challenges so far and I’m ashamed to say that I’ve never managed achieved them. I’m happy that I cleared January’s challenge with flying colours! Instead of the the 175 kilometers target,…
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