Inculcating transferable and manageable savings and investment habit

It is pretty interesting to note that parents who on one hand disagree on spoiling their children with a golden spoon, yet be willing to pamper them with the latest IT gadgets or wants. Some disagreements which we commonly hear are Children should work and earn their own keep for their own university education. TheyContinue reading “Inculcating transferable and manageable savings and investment habit”

A call to kick-start your CPF retirement planning early

The average life expectancy for Singaporeans is 83.2 years, for year 2018. Singaporean males have to perform national services duties for 2 years, and if we were to include university studies, the average age of beginning work in society is 25 years of age. I would have mentioned earlier in my article, Investing from Age Zero,Continue reading “A call to kick-start your CPF retirement planning early”

Maximising your family members CPF contribution

Within the family, you don’t actually need to be very savvy with financial-related or investment-related matters to be constantly bombarded with queries. You just need to have that delta, above and beyond which you automatically become the guru in the family. I was just kidding. Jokes aside, I really enjoy looking at statements and seeContinue reading “Maximising your family members CPF contribution”

Leveraging 5% interest on first $60,000 of combined CPF SMRA monies

I must admit that I like certain aspects of our provident fund and I enjoy “hacking” it; what I really mean leveraging on its benefits. The movement to do cash top up and let power of compounding your child’s SA from young is gaining popularity in recent times. Some parents are doing it as a formContinue reading “Leveraging 5% interest on first $60,000 of combined CPF SMRA monies”

CPF Balances Update – January 2020

First CPF Balances update of the new year! It is the end of January with all mandatory contributions and cash top up in for the month. MA new ceiling (Basic Healthcare Sum or BHS) is raised to $60,000 for 2020. OA to SA transfer for the month of January is also completed. SA balance currentlyContinue reading “CPF Balances Update – January 2020”