Save more with CPF and SRS: A Strategic Guide to Financial Security

The Central Provident Fund (CPF) stands as a cornerstone of financial planning for both Singaporeans and Permanent Residents (PRs), offering a robust social security system designed to address key aspects of life such as retirement, housing, and healthcare. As an employee, contributing to your CPF account is mandatory, serving as a means to build a …

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Give Your Retirement Plan a Head Start: Tips for Building a Secure Financial Future

Retirement might feel like a distant reality when you’re in your 20s or 30s, but it’s never too early to start planning. Amidst the flurry of career aspirations, personal goals, and day-to-day responsibilities, there’s an undeniable truth: the earlier you start planning for retirement, the better off you’ll be in the long run. In fact, …

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Legacy Planning in Singapore: When is the Best Time to Plan For Your Family?

In life, uncertainties loom large, and the unexpected can strike at any moment. It is impossible to predict what events or illnesses may  come your way. In fact, according to the Ministry of Health, “1 in 2 Singaporeans who are healthy at the age of 65 is at risk of having a long-term disability over …

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The Importance of a CPF Nomination in Estate Planning

  Estate planning entails more than just drafting a Will. In Singapore, where Central Provident Fund (CPF) savings play a pivotal role in individuals’ financial security, it’s imperative to understand the significance of a CPF nomination. Unlike assets governed by a Will, CPF savings cannot be distributed according to one’s testamentary wishes. Instead, a CPF …

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Navigating Health Insurance in Singapore: A Comprehensive Guide

Singapore provides universal coverage for its citizens with multiple layers of care and among its ASEAN peers, it spends the most annually in healthcare on a per capita basis. With the increasing healthcare costs, driven by an aging population and chronic illness cases on the rise,  Singapore’s National Health expenditure is expected to increase to …

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Navigating Heavy Debt: A Practical Guide to Financial Recovery

It’s a common misconception that only extravagant spenders find themselves drowning in debt. Unexpected circumstances, emergencies, or even poor financial planning can lead anyone into a situation of heavy debt. The key is to address the issue proactively and adopt effective strategies to regain control over your finances. In this article, we will explore practical …

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Navigating Inflation in 2024: Strategies to Protect Your Finances

Inflation, the rise in the general level of prices over time, is a persistent economic challenge that affects individuals and businesses alike. As inflation reaches record highs and the cost of living continues to surge, we find ourselves facing a formidable financial challenge. Ballooning expenses and sluggish income growth create a daunting scenario, but amidst …

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Financial tips for 2024

As we usher in the new year, it’s crucial to equip ourselves with the knowledge and strategies needed to navigate the ever-evolving financial landscape. Whether you’re aiming to build wealth, manage debt, or simply improve your financial well-being, adopting smart financial habits is key.  As we step into 2024, it’s crucial for us to be …

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