A 2-Week Trading Tip

I chanced upon this piece of statistics when reading my daily CNBC email. Inside, there is an excerpt regarding how the US stock market reacted towards bad news such as the potential Greece failure. The link to the whole news is HERE What this means is: 1) Should the market (Indexes like S&P500...

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CPF LIFE versus Private Annuity Plan

Today's post is on the difference between CPF LIFE versus a Private Annuity Plan. We took quite a few to do this post because there was a lot to read about Private Annuity Plans and a lot of the plans come with different terms and conditions. We had spent quite some time to simplify and put them in ways comparable to CPF LIFE. LINKS What is CPF LIFE? Click HERE What is a Life Annuity Plan? Click...

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What is a Life Annuity Plan?

What is a Life Annuity Plan? Definition (quoted from Investopedia) Simpler Definition 1) It is an insurance plan 2) Mainly used for retirement 3) Involves you paying a monthly amount or 1-lump-sum to the insurance company to create a pool of money (Fund).  4)...

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What is CPF LIFE?

Source: CPF Today's post will be on: What is CPF LIFE? CPF LIFE is a scheme that is meant to provide you with a fixed monthly income from when you start your retirement at age 65 till when you are dead. When you reach 55 years old, a Retirement Account is created and the Retirement Sum is transferred...

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The new Medisave Sum - Basic Healthcare Sum

Today's post will be on the new Medisave Sum, aka Basic Healthcare Sum (BHS). We will be sharing about the difference between the 2 schemes. MORE LINKS Accrued Interest More than Housing Profits? CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest CPF +1% Interest for those age...

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Steps to Retirement

Retirement. The omni-present word that would always masquerade in random chit chat topics. As usual, me and my friends were casually chatting and as if there was a hidden force, we were once again on the topic of retirement. This is often said to be life's last goal, but rarely do people know the way or steps to it. As clueless as I am (probably due to my young age), I have not been through this...

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Buying a House using CPF after 55

For an updated version, refer to the article HERE. Today's post will be on: Buying a House using your CPF after age 55. This is part of the chain of housing-related posts. We have the misconception that upon reaching age 55 if we sold our house, the money we get from it will be transferred to our Retirement Account (RA) until the Retirement Sum (or Minimum Sum) is met. We would like to share...

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