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Retirement

Making sure you have enough for the later years

Questions answered

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Editoral

Investments

Insurance

Endowment Plans

Retirement

Why will a person with high net worth (say 2m) need endowment, annuity or retirement plans?
Hi anon, Quite simply, because they want certainity. An annuity provides a guarantee because an insurance comapny is the only entity in the world that can weigh both sides of the coin. Die too early? You won't lose out, you still get the death benefit. Add that to the income received and it'll be more than what you put in. The insurer doesn't have to worry about paying you income any more. Live too long? Your premiums may have been used up but the risk pool of other annuity participants will ensure that you can continue to receive your income. The insurer doesn't need to pay you a death benefit any more. ETFs, REITs, stocks, and the like, are still risk based investments or income assets. They can lose value at the worst possible time, or even halt payouts when you need it the most (just look at HSBC). When half your portfolio is crashing and burning, you will be glad you have a part of your pie unaffected and churning out income that you need to ride out the storm.

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Investments

Stocks Investing

Retirement

Robo-Advisors

Syfe

StashAway

Endowus

Ultimate Guide On How to Invest Your First $10,000

How much stocks to hold? What asset classes to maximise returns? How do I get MARKET BEATING returns??? Read on...👀

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Katrina

2w ago

Hi the Syfe promo code still valid to get the cash instead of management fee waiver after September 30?
Lin Yun Heng
Lin Yun Heng

2w ago

Hello Katrina! Yup the promo code is cash bonus!
Post

CPF

Retirement

Investments

Are You Suffering From The Pandemic Of CPF Illiteracy In Singapore?

Be CPF Literate if you want to retire a Millionaire

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Kenneth Lou
Kenneth Lou

23 Oct 2020

Nice one Loo! 👍
Loo Cheng Chuan
Loo Cheng Chuan

24 Oct 2020

Thanks Kenneth!
Post

Stocks Investing

Investments

Retirement

Your Retirement Guide: 8 Best Singapore REITs to Buy Now [Part III]

Here's Part 3 of 3 series on what you exactly need to know about the best Singapore REITs.

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1 more comments

Dividend Titan
Dividend Titan

15h ago

You're right Frankie! As long investors don't mind the 0.5% yearly management fees for Lion-Phillip S-REIT ETF, I think it's a good alternative :)
Frankie Rappaport
Frankie Rappaport

11h ago

Thank you
Post

AMA Stacked Homes

Investments

Lifestyle

Retirement

HDB BTO

HDB Resale

For someone who doesn't plan to have children, do you think it's a good idea to invest in a BTO with my partner and sell after MOP, and buy a resale to live in for our old age after?
Certainly, that's a tried and trusted method. However, if you want better preserve your capital (from that lease decay), you can consider exploring other options like a private property with freehold tenure.

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Stocks Investing

Retirement

Investments

Your Retirement Guide: 8 Best Singapore REITs to Buy Now [Part II]

Here's Part 2 of 3 series on what you exactly need to know about the best Singapore REITs.

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Post

Investments

Stocks Investing

Retirement

Your Retirement Guide: 8 Best Singapore REITs to Buy Now [Part I]

Here's Part 1 of 3 series on what you exactly need to know about the best Singapore REITs.

4786

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Post

CPF

Retirement

I’ve recently fully paid up my 4 room Hdb flat. However, have a zero balance on my OA and maybe 20k each in Special & Medisave account. Which level of cpf life will I be entitled to if I pledge my Hdb?
Hi there! I believe you’re asking about the Basic/Full/Enhanced Retirement Sums. To get maximum CPF Life payout, you have to hit the Enhanced Retirement Sum by topping up. Pledging your HDB property will get you the Basic Retirement Sum, which is 50% of the Full Retirement Sum or one-third of the Enhanced Retirement Sum, and pledging your property will NOT give you the maximum CPF LIFE payout, which is the lowest payout compared to the other two sums. That exact figures depend on which year you turn age 55. Which year were you born in?

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Retirement

CPF

My parents' CPF do not meet the Basic Retirement Sum. If I were to start topping up their RA now making use of the Matched Retirement Savings Scheme, how will the monthly payout be decided?
The scheme will start 2021 and matching by government be up to max of 600 per parent (as of now) I would recommend taking advantage of this to the max. For two parents, it's just 1200 per year, or 100 per month. You put in 1200, government put in another 1200. It's a 1 for 1 deal if you are eligible. Normally if people see buy 1 get 1 free in their favourite store, they would just shop liao. I don't see why it should be any different for cpf. You can approach cpf to retrigger the calculation for the monthly cpf payout. I asked before but it was a year ago, and can't remember right now. For 1200 (with govt top-up) per parent, the jump in payout would probably not be that big, but I believe it would probably cover at least two meals per month? If you can't set aside 1.2k, then go for the max you can without reducing what you give them. If you think long term, going for this relief means increasing their monthly payout over time. There is no good reason not to do so.

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Investments

Stocks Investing

Lifestyle

Retirement

What do you think about this quote - "Laziness is perhaps the second greatest virtue in investing (after saving)"?
Laziness in term of looking at the price, once selected the stock just invest monthly without looking at another thing. Agree 👍, coz we have a life , no time to look at candle everyday 😆

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