6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic
6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic It has been almost a year since the World Health Organisation (WHO) declared the coronavirus outbreak a pandemic. The pandemic disrupted the way we live, work, and play. And it also gave us new realizations about the state of our financial health. […]
Is the Supplementary Retirement Scheme (SRS) Worth Your While?
Is the Supplementary Retirement Scheme (SRS) Worth Your While? What is the Supplementary Retirement Scheme? The Supplementary Retirement Scheme (SRS) is a voluntary saving scheme to encourage individuals to save for retirement, over and above their CPF savings. As a sizeable portion of CPF money is often used for the down payment and to service […]
How does CareShield Life affect me? Should I switch to CareShield Life or stay put with ElderShield?
How does CareShield Life affect me? Should I switch to CareShield Life or stay put with ElderShield? In my previous article, I shared what one needs to know about CareShield Life, especially for those turning age 30 to 40 in 2020. This new and improved national scheme that replaces ElderShield was officially launched on 1 […]
Are you turning age 30 to 40 in 2020? Here’s What You Need to Know about CareShield Life.
Are you turning age 30 to 40 in 2020?Here’s What You Need to Know about CareShield Life The much-awaited CareShield Life is launched today, 1 October 2020. I have been getting some questions about this improved version of the ElderShield plan. And I thought it would be helpful if I could share with you what […]
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 2
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 2 Retirement Planning Mistake #5: Underestimating Health Care Costs It takes just one serious health crisis to severely drain you of your finances. Going into debt because of health care expenses is certainly something we want to avoid at all costs. When creating your […]
Is Maternity or Pregnancy Insurance Necessary for You?
Is Maternity or Pregnancy Insurance Necessary for You? Many newly wedded women are still new to the idea of maternity or pregnancy insurance. A good number of women who are already pregnant also do not give much attention to this type of protection. The cost of not being informed can be great, especially, when things […]
The Top 4 Priorities in Every Single Woman’s Financial Planning
The Top 4 Priorities in Every Single Woman’s Financial Planning In my decade long experience as a comprehensive financial planner, I have had the privilege to serve a number of single women professionals who are highly driven and successful in their careers. I have come to appreciate the fact that single women have needs, financial […]
Financial Planning for Women in Singapore
Financial Planning for Women in Singapore The Straits Times article “Why Women Need to Focus on Financial Planning” published on March 4, 2018 reiterated how important it is for us women, whether single or married, younger or older, to be in charge of our own finances. Budgeting, cash flow management, retirement planning, being adequately protected […]
Retirement Age in Singapore to Go Up
Retirement Age in Singapore to Go Up The 18 August 2019 Straits Times article headline “National Day Rally 2019: Retirement age to go up to 65, older workers’ CPF rates to be raised” came as no surprise to me. The statutory retirement age will be raised from 62 to 63 in 2022 and to 65 […]
Women and Financial Planning: 4 Steps To Mitigate Caregiving Risk
Women and Financial Planning: 4 Steps To Mitigate Caregiving Risk In the past twelve months, I came to know of 4 families who have ailing parents. A common issue faced by the families was who should be the primary care giver and how the financial burden ought to be divided amongst the siblings. The last […]