Category Archives: Retirement Planning

Articles written on retirement planning.

About Death

Please skip this if one is uncomfortable reading about death. One read about sudden mass deaths as a result of an aircraft crash or a terrorist attack or an earthquake in recent times. Lives were lost for people who were … Continue reading

Posted in Retirement Planning

Cancelling DBS Esso MasterCard

I had the DBS Esso MasterCard for many years. I held it until DBS upgraded it to Platinum card at an annual fee of $36. Then I received a statement advising me that from 12 December 2018 the annual fee … Continue reading

Posted in Retirement Planning

Lasting Power of Attorney

The Lasting Power of Attorney (LPA) is my last major action I took as part of my retirement planning. This completes a series of actions I did for a peace of mind, as I get older. I had drawn up … Continue reading

Posted in Retirement Planning

Know who you have nominated as beneficiaries for life insurance policies

I had taken up four life insurance policies in 1980s and 1995. I did not remember whether I had nominated someone to be the beneficiary of each policy when I passed away. These policies were taken up more than 20/30 … Continue reading

Posted in Retirement Planning

Buying Life Insurance Policies as a way of diversifying investment portfolio

Recently, I decided to take up a whole life policy with OCBC. This product is called Premierlife Generation II administered by Great Eastern Life (GE). It is a single premium policy paid upfront. It provides guaranteed cash survival benefits from … Continue reading

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How much will you be getting on CPF Life?

This question can be answered by referring to the CPF Statement for 2018. CPF members would be receiving their statements via the post or by eStatement if they have opted for it. It tells me that I am on CPF … Continue reading

Posted in Retirement Planning

Interest income on CPF balances – 2018

Interest income on CPF balances for the year-end of 2018 was already updated. Interest income on my CPF balances (OA + Medisave + RA) averaged 3.77% per annum for 2018. Year Interest rates 2013 3.20% 2014 3.19% 2015 3.13% 2016 … Continue reading

Posted in Retirement Planning