6 Mistakes to Avoid with Your SRS Contributions
https://youtu.be/H3yGP7OMnk0 It’s once again “SRS (rush) season”. The last day to contribute to the Supplementary Retirement Scheme is 31st December 2023. The Supplementary Retirement Scheme (SRS) complements the Central Provident Fund (CPF) system by allowing account holders to reduce their current income tax. Unlike CPF, SRS is a voluntary scheme. You have full control of […]
What You Need To Know Before Leaving The Family Nest
For the Her World August issue this year, I had the privilege to contribute to a story titled “Are You Ready To Leave The Family Nest?”. The article also highlights some of the findings from Her World’s Women and Money Report 2023. I’m sharing with you my answers to the concerns that the article aims […]
What Does Executing a Will in Singapore Entail? Here’s A Checklist
What is an executor and what does it mean to be an executor of a will? It is an honour to be chosen as an executor of someone’s will. It is also a ‘heavy duty’ role that requires patience and diligence in carrying out the responsibilities. Anyone can be appointed as an executor, as long […]
Can Insurance Be Seen As An Investment For Your Loved Ones?
Let us take a look at an example. Mr. Andrew Tan is age 35. He is married to his homemaker wife, Susie, and they have two young sons who are 3 and 6 years old. He takes up a term life insurance policy worth $1 million, covering him for Death and Total & Permanent Disability […]
What You Should Know About Matrimonial Assets
Matrimonial assets come into the spotlight, especially, when a divorce is on the table. In Singapore, marriages and divorces are governed by the Women’s Charter. Within the Charter, it contains the definition of matrimonial assets (source: Attorney-General’s Chambers Singapore). What are matrimonial assets? Under the Women’s Charter, matrimonial assets include: Assets acquired by one or […]
5 Steps to Settling Your Debts: Millennials Find It Tough To Pay Off Loans
I was recently interviewed by Her World magazine (June 2022 issue) on an article titled “Dealing with Debt”. The subtitle reads: “Many millennials are finding themselves stuck with unimaginable debt. Why is this happening and what can they do about it?” Millennials are those who are between the age of 26 to 41 in 2022. […]
10 Pointers To Consider Before Buying A Property In Singapore
Does it make sense to rent or own your property in Singapore today? Is paying rent similar to throwing some of your money away? The above two are “Yes or No” questions. Buying a property is a BIG decision for most people. It will likely become your main financial asset, and its mortgage your main […]
Ladies, Protect Yourself First Before Caring For Your Loved Ones
I was recently interviewed by the Chinese newspaper Lian He Zao Bao, for an article on women and caregiving that was published on Sunday, 10 April 2022. The translated title reads “Ladies, Protect Yourself First Before Caring For Your Loved Ones”. Here, I’m sharing with you the interview questions and my response. Hi Karen, thank […]
Let The Fund Begin!
With the significant relaxation of Covid-19 protocols, many of us are already making plans to travel with family and friends. In this article, I will share with you how you can effectively save money for your dream trips. This article was published in Scoot inflight magazine, November 2019 issue. Start Early For a big year-end […]
Comments on Business Times article “Break the Bias On Female Investors”, 28 February 2022
Comments on Business Times article “Break the Bias On Female Investors”, 28 February 2022 Women should not have preconceived notions that they don’t make good investors, or are too risk averse. The first step is to simply start the journey – keeping an open mind, and willing to learn the right lessons. Women, in fact, […]