Financial planning is a crucial aspect of managing your money effectively and achieving your long-term goals. While the idea of financial planning might seem daunting, especially for beginners, breaking it down into simple steps can make the process more manageable and less intimidating. In this guide, we’ll explore key principles and steps to help you …
Making Financial Planning Simple: A Beginner’s Guide Read More »
Following the Covid-19 pandemic, we witnessed negative inflation, a slowdown in growth, and market stimulus from central banks. Consequently, from 2020 to 2021, interest rates were kept low and, in certain situations, negative. However, in 2022, monetary policy decisions were made by central banks to increase interest rates due to ongoing inflation in the world …
Maximizing Your Savings Effortlessly: Strategies for Higher Interest Returns Read More »
Personal finance is a topic that affects everyone, yet it is often clouded by myths and misconceptions. These myths can lead individuals astray, hindering their ability to make informed decisions about their money. In this essay, we will debunk some prevalent personal finance myths, shedding light on the truths that can pave the way for …
Debunking Personal Finance Myths: Navigating the Truths for Financial Success Read More »
Many Singaporeans are beginning to realize how “expensive” retiring is. The need for adequate income during retirement is a concern and a priority because it is likely that the cost of funding your golden years will rise due to inflation and higher living standards. We are likely to want to travel more when we are …
Maximizing Your Retirement Income: 4 Key Insurance Plans in Singapore Read More »
Getting married is a momentous occasion, marking the beginning of a lifelong journey together. Beyond the vows, celebrations, and newfound companionship, marriage brings about significant financial and legal implications. In Singapore, a city known for its vibrant culture and diverse population, it is essential for couples embarking on this exciting chapter of their lives to …
Comprehensive Insurance Checklist for Couples Embarking on Marriage in Singapore Read More »
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 »
