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…
On the way to the Sydney airport for my flight back to Singapore, I had an interesting conversation with the taxi driver who picked me up. Let’s call him, R. His life history R is a 50 year old Australia who used to be a Russian military officer. When the Russian military ordered R to…
I’ve covered what are annuities and what they could do for your retirement portfolio in my earlier post. In this post, I want to provide a different perspective about annuities and why you may not want to have them in your retirement portfolio to give an all-round view about annuities. Like all financial products, there…
An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future (Investopedia). The disbursements can be made for a specific period of time or for the rest…
As the world’s most expensive city to live in, Singapore is not an easy place to plan for your retirement. Retiring in a less developed country could easily accelerate your retirement plans as you would require much lower monthly expenses. If you could retire in another country, where would you go? Having backpacked in many countries,…
Have you started planning for retirement? In the Aviva Consumer Attitudes Survey that was recently conducted, 3 in 10 Singaporeans (31 per cent) over the age of 55 have not yet begun saving for retirement and for those who have started planning for retirement, there was a heavy reliance on their Central Provident Fund (CPF) savings…
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