Category Archives: Retirement Planning

Articles written on retirement planning.

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

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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

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Top up Retirement Sum with Cash

Let’s say that you have cash and you have also balances in your CPF Ordinary Account. You have already set aside the full sum for your Retirement Account ($166,000). What can you do with the cash sitting idling waiting for … Continue reading

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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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