Category Archives: Retirement Planning

Articles written on retirement planning.

Interest income on CPF balances

I received my CPF statement for 2016 some days ago. Interest income on my CPF balances average 3.7% per annum. This 3.7% return is way above the current 10-year Singapore Government Bonds coupon rate of 2.125%. It is also above … Continue reading

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As the car ages, costs go up

Yesterday, I sent in my car for a regular service. I did it every 6 months at Borneo Motors. I thought the bill would be not much since I had done a major service last time round at $1,181 to … Continue reading

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Interest income on CPF balances

Each year when I received my CPF statement, I was always amazed at the amount of interest earned on my CPF balances.   Central Provident Fund (CPF) helped me own an apartment I currently stay in. This apartment had been … Continue reading

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Are you prepared to retire?

Most financial planners focus on the financial aspects of retirement. Have we got enough to retire? Where is the retirement income coming from? This is important. But what is equally important is how are we to spend the days afterwards. … Continue reading

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Enhanced Retirement Sum in 2016

Starting 2016, CPF members above 55 years old can contribute up to three times the Basic Retirement Sum (BRS) into their Retirement Accounts (RA). Current Basic Retirement Sum is $80,500. Full Retirement Sum is two times BRS, i.e $161,000. Enhanced … Continue reading

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Interest earned on CPF balances – 2015

My CPF balances consist of Medisave Account (MA), Retirement Account (RA) and Ordinary Account (OA). I have hit the maximum for MA and RA accounts. I still keep some balances in the Ordinary Account (that earns less interest compared with … Continue reading

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Stretching my retirement funds

When I stopped work, I did not get monthly salary and bonuses. I rely on my retirement funds and investment returns to pay for my expenses. I definitely cannot spend freely knowing that my retirement funds can run out. Therefore, … Continue reading

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