Category Archives: Retirement Planning

Articles written on retirement planning.

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

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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

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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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