Advertisement

Jonathan Teoh

07 Jun 2019

∙

Where do asset-rich-cash-poor seniors living in private property go to for financial help when they are broke?

Low-income retiree households have a number of avenues to seek financial help provided their household income threshold is below $3500. However there are retiree households that are above this threshold and need financial help. Assuming they're not able to work, can't monetise their home and don't have dependents who can financially help, where else can these seniors go for financial help when they're broke?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Loh Tat Tian

07 Jun 2019

Founder at PolicyWoke (We Buy Insurance Policies)

There are still ways to monetise their home.

You should say its the unwillingness to monetise their home (through rental).

A counsellor will likely go through many questions even before you say they can't monetise. Private property is different from public, hence the help you can receive will likely only be advice.

Reply

Save

View 2 replies

Write your thoughts

Related Posts

Could any kind soul let me know what is the meaning of mortgage brokers and how would this be able to help me in selecting a good loan plan for my new private property?

What are the different types of vehicles in the asset coloumn that can help us become rich dad?

should I use my cpf to service my bank loan for private property? Just brought a condominium and wondering if I should use all CPF or a mix of both CPF and cash. I’m in early 40s now.

How should i start saving/ investing. How should my portfolio look like. how to go about building it? Option I am considering, Hire a advisor(who?). Buy another property..Just buy etf. How to split between cash bond and equities?

I need some help. I am planning for my son's financial future! Should we go for endowment, annuity, POSB saver, medisave or all the combinations?

Related Posts

Could any kind soul let me know what is the meaning of mortgage brokers and how would this be able to help me in selecting a good loan plan for my new private property?

What are the different types of vehicles in the asset coloumn that can help us become rich dad?

should I use my cpf to service my bank loan for private property? Just brought a condominium and wondering if I should use all CPF or a mix of both CPF and cash. I’m in early 40s now.

How should i start saving/ investing. How should my portfolio look like. how to go about building it? Option I am considering, Hire a advisor(who?). Buy another property..Just buy etf. How to split between cash bond and equities?

I need some help. I am planning for my son's financial future! Should we go for endowment, annuity, POSB saver, medisave or all the combinations?

Advertisement