CPF for Young Adults

CPF, in short for Central Provident Funds, is a "social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, homeownership, family protection and asset enhancement.". Source: https://www.cpf.gov.sg/Members/AboutUs/about-us-info/cpf-overview This...

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Why I am NOT Paying Back my Student Loan ASAP

Most people after they graduate from University and start working, their goal would be to pay down their student debt, and save up for housing, car, marriage, etc. That’s not a wrong idea to have, paying your debts down and all, especially if you took a bank loan that charges about 5% per year in...

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Should I Transfer my OA Money to SA?

Today's post: Should I transfer my OA money to SA? This post was proposed by one of our readers, who asked the question: is it wise to transfer my money in OA into SA? We would like to thank all our readers who posed us questions and sent to us tips. We would love to see more of that coming...

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How the Rich Play the Money Game

Interest Arbitrage: For those of you who have no idea what this phrase means, let me explain it to you. Interest: interest rates. Arbitrage: is the practice of taking advantage of a price difference between two or more markets. Simply put, the rich get richer by taking in a higher interest rate return...

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CPF LIFE Payout Sum's Difference

Source: CPF In today's post, we will be discussing why is the Full Retirement Sum monthly payout not double the Basic Retirement Sum's payout. As you can see above, it is an image of the monthly payout you will get based on the different Retirement Sum savings you at have age 55. Retirement...

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Private or Public Housing Loan?

Buying a HDB flat for the first time can be an intimidating experience. It is probably the first big-ticket purchase in your life that will take the next couple of decades to pay off, so you would definitely want to rake in as much savings as you can. Perhaps you have not really...

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CPF LIFE or Private Annuity Plan?

Disadvantages of using Private Annuity Plan instead of CPF LIFE. Although this post title is "Disadvantage", but we included some "Advantage" of Private Annuity against CPF LIFE too below. From what we have found, Private Annuity Plans available in the market tend to supplement CPF LIFE instead...

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Retirement Might Not Be For Everyone

Reaching your retirement tough, especially with inflation, low-interest rates and longevity. The amount that we are saving might not be sufficient for us to retire at the age we feel we should be retiring. Assuming you make the income as per below. Assuming you save 20% of your monthly income, and...

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Here's How You Can Opt Out of CPF Life

source: www.publicdomainpictures.net Everyone has a goal of retiring comfortably after working more than half their lives out for money. We all hope to get a lump sum retirement fund when we reach our retirement age. But, in Singapore, our money is instead secured away and we are given a monthly...

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