Regular Savings Plan Update – September 2020

Monthly Allocation for 19 September 2020 as follows , with a $100 investment amount Counter Quantity Price Investment Amount OCBC Bank (O39) 11 $8.516 $93.67 Total $93.67 Average Price of existing Portfolio counters Counter Total Shares Avg Price OCBC Bank (O39) 460 $10.2239 SIA (C6L) 645 $8.6553

Do I need to plan for Retirement till Age 99?

Retirement to me, is when as an individual, I am able to choose whether I “want” to work and not whether I “have” to work. Some people amassed enough to live by, based on their current lifestyle for the rest of their lives, but still remain in the workforce to keep themselves active. To possessContinue reading “Do I need to plan for Retirement till Age 99?”

Defer RSTU cash top-up till Income Level reaches higher tax bracket, yay or nay?

Taxes are essential for nation-building and developing Singapore into a stronger community, a better environment and a more vibrant economy. While it is crucial for the nation to collect more taxes; taxes at the same time is an expense out of the pocket for an individual — reducing the amount of taxes payable through legitContinue reading “Defer RSTU cash top-up till Income Level reaches higher tax bracket, yay or nay?”

Withdrawals of CPF savings from 55 — How much can you withdraw from your CPF SA / OA / RA Scenarios

I wanted to strengthen my understanding as well as my readers’ on CPF lump sum withdrawal from age 55 after my last post on whether you can withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS. Some questions got me thinking, but I thought that just thinking ain’t goingContinue reading “Withdrawals of CPF savings from 55 — How much can you withdraw from your CPF SA / OA / RA Scenarios”

Can you withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS?

Most of the time when we talk about CPF contribution, we are usually thinking more of the Employer / Employee contributions. Let’s not forget, CPF contributions for freelancers or Self-Employed is equally important for retirement planning. This interesting question just popped up today: Can RSTU cash top-up to SA be withdrawn from age 55 onwardContinue reading “Can you withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS?”