CPF Special Account Closure After Age 55: Navigating The New CPF Landscape
Singapore’s Budget 2024 speech by DPM Lawrence Wong on 16 February revealed significant CPF changes, in particular the closure of CPF Special Account (SA) after age 55, starting from 2025 onwards. This announcement sent ‘shock waves’ to many people, especially CPF members who will be turning 55 next year. Starting in 2025: The CPF SA […]
Can A.I. Replace Financial Planners? | Her World + Karen Tang
I had the privilege to be interviewed again for Her World, this time in the December 2023 issue. The title of the article is “Trusting AI With Your Money”. I was asked to share whether I agree or disagree, and what alternative (better) or additional advice I might recommend as a financial expert. The editorial […]
Make 2024 Your Best Year Ever!
Happy New Year, my dear friends! Wishing you a great beginning to a year brimming with endless possibilities and positive experiences! Starting the year on the right note involves reflection and taking stock of various aspects of your life. This can help you set intentions and goals for personal growth in the upcoming year. Here […]
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 […]
Differences & Similarities between Unit Trusts, Mutual Funds and ETFs
I have been asked this question quite a lot in the past 6 months. Hence, I thought it would be good to explain the differences in an article. A quick Google search came up with the following definitions of Unit Trust, Mutual Fund and ETF. According to Wikipedia:“A unit trust is a form of collective […]
9 Ways To Grow Your Money Against Inflation
One key take away from the current inflation environment is that low inflation is by no means guaranteed. Inflation will never go away. But what you and I can do to preserve our buying power is to ensure our money grows beyond the inflation rate. Growing money against inflation requires strategies that suit your financial […]
What Are The Benefits Of Unit Trusts For Investors In Singapore?
Unit trusts, also known as mutual funds, are a popular investment option for investors in Singapore due to several benefits they offer. Some of the key benefits of unit trusts for investors in Singapore include: Diversification: Unit trusts allow investors to diversify their investments across a wide range of assets, such as stocks, bonds, and […]
Is Investor Risk Profiling Important?
What is investor risk profiling? It is the process of figuring out what is the tolerance or appetite for risk that an investor has, in a reliable & quantifiable manner, so that important financial portfolio decisions can be made based on it. Simply put, it is a measure of the degree of loss an investor […]