Last week I wrote about a new personal finance app called Seedly that I’ve started using to track my expenses. It’s one of a kind in Singapore in the sense that it is able to extract transaction information from your bank accounts in the 5 major banks in Singapore and allocate them into expense and…
The Monetary Authority of Singapore (MAS) has just released a press release with more details about the Singapore Savings Bonds (SSB) programme that I blogged about earlier. SSB will only be available for individuals – will be launched in the second half of this year (New!) Investors can put in a minimum of S$500, and in subsequent…
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…
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…
Will you be a successful C-level Executive leading the pack in a major corporation? A contented family person who’s watching his or her grandchildren grow up? Or a wanderer travelling the world, leaving nothing but footprints? In my world, I see myself as a person who has the option of remaining employed if I want…