For investors who want to take on less risk with more modest returns, fixed income investments (also known as bonds) could be what you’re looking for. Here’s how they fit into your portfolio.
In today’s world of meme stocks, high-valuation technology stocks and volatility in the cryptocurrency market, supernormal returns seem to be, well… the norm that new investors strive.
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In addition to making compulsory contributions to your Medisave Account, you can choose to make voluntary contributions. The great benefit of voluntary contributions is that you can claim tax reliefs for those contributions to lower your overall tax expense.
Set a goal and save
The simplest way to save for retirement is to calculate your monthly income and monthly expenses and decide on a realistic amount you can set aside for retirement monthly. This should typically be a certain percentage of your monthly income rather than a fixed amount.
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Calculate when you want to retire and how much you would spend on average monthly after you retire.
Commentary: Funding Singapore s major infrastructure projects a tricky business channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
April 15, 2021
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If you’re living in Singapore, the planning of your finances and your retirement cannot exclude your CPF. From the day you start working, you’ll be contributing to your CPF Ordinary Account (OA), CPF Special Account (SA) and your MediSave Account (MA).
With all that money set aside over the years, you’ll have to start making plans to capitalise on your CPF savings when retirement comes knocking.
But in this article, let’s zoom in on one plan-making in particular – a retirement ‘cheat code’, if you will – CPF SA Shielding. It is a term originally coined from this article back in 2019, highlighting how one can maximise your CPF accounts for retirement.
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The government of Singapore is about to do something it hasn’t done since Founding Father Lee Kuan Yew was still firmly at the helm – borrow money to finance major public infrastructure projects. As reported in The Straits Times, a new bill was introduced in Parliament in April called the Significant Infrastructure Government Loan Act (SINGA). If passed, the bill will authorize the state to raise up to SG$90 billion (US$67.3 billion) on capital markets, which will be specifically earmarked for public infrastructure with a useful life of at least 50 years. The main priorities for spending are expansions of the public transit system and coastal protection measures.