What exactly is an annuity? If you’ve read anything about retirement planning in Singapore, you’ve probably come across the terms “annuity,” “annuity plan,” and “private annuity,” or what insurance companies refer to as a retirement income plan. An annuity, to put it simply, is an insurance product that provides a guaranteed lifelong income and can …
Dividends are popular among investors. To them, it represents a steady stream of profits from their investments. What exactly are dividends? The term “dividend” refers to the payout of a company’s or fund’s earnings to its investors. Dividends aren’t guaranteed like bank interest or bond coupons. However, there are businesses and investment vehicles that may …
What exactly is a Supplementary Retirement Scheme? The Supplementary Retirement Scheme (SRS) is a voluntary savings program designed to motivate people to save money for retirement on top of their CPF savings. CPF funds are frequently used for the down payment and mortgage loan payments, therefore we may want to look into other options, such …
Should You Consider The Supplemental Retirement Scheme (SRS)? Read More »
There are a lot of conflicting emotions you could experience when you embark on your first steps into adulthood. Here’s a quick guide to getting yourself covered while avoiding common pitfalls on your first insurance journey. Challenges New Policyholders Typically Experience 1. Being Aware Of The Complexity Of Insurance Reading through insurance policy contracts can …
Understanding your cancer insurance coverage is crucial since, according to Singapore Cancer Society, 1 in 4 people will develop cancer at some point in their lifetime and 44 people are diagnosed with cancer every day (Singapore Cancer Society). Last April 1, 2023, the Integrated Shield Plans (IPs) has started some changes on their coverage plans. …
Integrated Shield Plans’ Shifts in Cancer Coverage Read More »
Considering the current inflation climate, it is clear that low inflation is not guaranteed. There will always be inflation. However, you and I may protect our purchasing power by investing in ways that outpace inflation. To combat inflation, you need a money-growing strategy that fits your needs, risk tolerance, and expected time horizon. Here are …
Here Are 9 Strategies To Protect Your Wealth From Inflation Read More »
Take a moment to consider your situation right now. In what ways might the next two years be different from the ones just past? Doing something like buying a new laptop or redecorating your space. What about in the next five years? Can you picture yourself reaching more advanced goals, such as buying your ideal …
Most of us hope to reach a point in life when we can stop working if we want to and still maintain the standard of living we’ve come to expect and provide for our loved ones. When we reach retirement age, we transfer our attention from saving for and investing for the future to decumulation, …
Although retirement may seem far off, it is never too early to start saving. The Central Provident Fund (CPF) is an integral part of Singaporeans’ retirement planning. Small actions, such as CPF transfers and cash top-ups, can help develop a nest egg and safeguard a desired future lifestyle regardless of where you are in life: …
Five CPF Tricks To Increase Your Retirement Funds Read More »
We develop our sense of duty from an early age. You might encounter circumstances where you must make the decision, such as when you are assisting your parents or other family members with their retirement planning or when they might not be functioning at their best. Have you ever heard of a lasting power of …
