Escalating Plan News Today

For most Singaporeans, CPF funds account for a large portion of our retirement sum. This naturally points to the importance of truly understanding how the funds work if you are serious about retirement planning in Singapore. In this article, we will discuss two essential elements — the CPF Life and Retirement Sum Scheme (RSS). We will take a closer look...

A CPF member who turned 65 in 2021 now gets monthly payouts of $580. . Read more at straitstimes.com.

If you’re in your 30s like I am, retiring in Singapore is the stuff of nightmares. By the time our retirement rolls around, the old folks selling cheap hawker food and kopi will be long dead and gone. What will life be like then? And how can we hope to afford it? So it’s really important for us to understand...

The key to maximizing the amount of time you spend on leisure activities while minimizing financial worries during retirement is through a stable and sizeable passive income stream. Here’s what you need to do.

The Permanent Secretary at the Ministry of Communications and Information will replace Mr Chiang Chie Foo.. Read more at straitstimes.com.

January 02, 2021 Unsplash When we retire, we can rely on CPF LIFE to provide us with a monthly payout – for as long as we live – so we never run out of money in our old age. This is what makes CPF LIFE such a unique, powerful and important retirement planning tool for Singaporeans and PRs. Compared to investments, which can be risky and have unpredictable or uneven returns, CPF LIFE is administered by the government. This makes it virtually risk-free. In addition, while building up towards ...

Lower monthly payouts  Based on the type of retirement income you wish to have, you can then choose the type of plan that suits your needs. Other important things to consider would be: 1.  How much retirement income do you wish to receive? 2.  How much retirement savings should you set aside in order to receive this income every month in retirement? 3.  What should you do if the retirement savings you currently have do not meet the above sum? But before that, let’s look at the retirement ...