Why is it important for women to close the financial literacy gap today?
Why Is It Important For Women To Close The Financial Literacy Gap Today? Financial literacy is the key to good money decisions. And good decisions are needed for financial stability and independence which are crucial in Singapore. We are, after all, not a welfare state and we are encouraged to secure our own resources for […]
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 […]
4 Steps to Plan for Your Retirement
4 Steps to Plan for Your Retirement In all my years as a financial practitioner and money coach, I’ve met people who are nonchalant about their retirement planning and those who are concerned and determined to make their dream retirement come true. What was the difference between them? The ones who were on track to […]
Retirement Planning in Singapore: Which Retirement Income Plan Best Fits You?
Retirement Planning in Singapore: Which Retirement Income Plan Best Fits You? The article titled “Retiring Right … and Picking a Plan That Fits You” was published in the Sunday Times on 17 April 2016. It highlighted the concerns of a greying Singaporean population and that understanding one’s needs in retirement is vital prior to zooming […]
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 […]
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 3
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 3 Retirement Planning Mistake #9: Investing Too Aggressively – Or Not Aggressively Enough Invest too aggressively and you could end up losing all your hard earned savings. Invest too conservatively and your money dwindles in value because of inflation. Consider your risk profile and […]
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 […]
6 Reasons Why Annuity is a Good Fit In Your Retirement Plan
6 Reasons Why Annuity Is A Good Fit In Your Retirement Plan Do you wish to sustain your lifestyle when you stop working? Are stability and predictability what you seek in a financial product when it comes to your income stream during your golden years? Do you want to have peace of mind knowing that […]
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 1
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 1 A well deserved, comfortable retirement is what we all look forward to in our golden years. Needless to say, the stakes are high and any mis-steps along the way can cause our plan to derail – from independence, joy and freedom to poverty, […]
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 […]