Category Archives: Retirement Planning

Articles written on retirement planning.

Sources of income to pay for expenses

Now that we know what the expenses are like. The next question is where to get the money to pay for them. If you are still working, the major source of funds is your salaries and wages. If you are … Continue reading

Posted in Retirement Planning | Leave a comment

Ways to reduce expenses or spending

The approach is to spend on necessities but cut out on the nice to have. For a number of years now, I have been finding ways to do that. First, I resigned from almost all professional bodies except to keep … Continue reading

Posted in Retirement Planning | Leave a comment

You thought you could cut back on spending on retirement?

I find it difficult. We are into 11th month of this year and I have already surpassed last year’s total expenditures for the family. I tracked major expenditures as I paid them or incurred them. This is just for the family. … Continue reading

Posted in Retirement Planning | 1 Comment

Fears of Retirement

With Singapore’s life expectancy rate of 83.3 years, assuming if one retires at age 67 years old, he has 16.3 years of life in retirement. However, if another wants to retire at 62 years old, then he has 21.3 years … Continue reading

Posted in Living Tips, Retirement Planning | Leave a comment

Parents can offer advice on retirement planning

We often hear about vulnerabilities of parents when come to retirement planning. Children are encouraged to top up their parents’ Central Provident Fund (CPF) accounts so that they could draw down more in their silver years. This is well and … Continue reading

Posted in Retirement Planning | Leave a comment

Can I still withdraw Cash from CPF Ordinary Account when I turn 65?

Some people were of the opinion that when a person reaches 65 years old, his money in his Ordinary Account (OA) will all be transferred to his Retirement Account. From then on, he would not be able to withdraw lump sum … Continue reading

Posted in Retirement Planning | Tagged | 1 Comment

Interest rates not going up fast enough for Singapore Savings Bonds

Singapore Savings Bonds (SSB) was introduced to the financial markets in 2015 with much fanfare. It was created specially by MAS to provide better risk returns to improve retirement investments. The average interest rate (when held to maturity) started very … Continue reading

Posted in Financial Management, Retirement Planning | 1 Comment