Clement

03 Nov 2020

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Hi, i am 45 years old and have 40 k in savings 20 k in OCBC and 20 k in UOB , normal saving accounts for both, and can save/ set aside 6k a mth . Can anyone recommend me any good stuff to grow ?

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Pang Zhe Liang

03 Nov 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Firstly, you may consider Singlife Account as it gives a non-guaranteed crediting rate of up to 2% per annum. You can find more details on how it works here: Singlife Account Singapore: Another way to grow your money

Next, I will suggest you to consider looking into your needs, e.g. retirement planning. For this purpose, you may consider CPF Life, private annuity, as well as investing into a diversified fund. All these are viable options that are capable of helping you to grow your money. As to which fits into your needs, we will need to conduct a comprehensive cash flow analysis first.

I share quality content on estate planning and financial planning here.

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