Regarding my previous posts on Oilpods, I went to consult my ex-colleague who is an astute investor. I trust what he says. He had previously mentioned something about oil barrels, and hence I sought his opinion on whether he had heard of them. It turned out that the one he was talking about is the […]
Popularity: 15% [?]
After putting in money in your SRS account to reduce your tax payments, what do you do with it? The agent bank I put my money in offered an extremely low interest rate, to the point of being negligible. If you factor in the inflation rate of 6%, your money would have been lost. One […]
Popularity: 22% [?]
Oil and gas investment sounds extremely lucrative, with you getting your money back within 4 years, and then continuing to receive monthly payments for 12 or more years, based on the company’s proposed investment scheme. It could even replace the Annuities scheme from CPF Life if you invest substantially! So are there any risks involved? […]
Popularity: 18% [?]
Find out much you can be getting per month from your CPF annuities. Do your calculations over here at CPF Life Payout Estimator.
I tried both refunds and non-refunds. The difference isn’t much. It all depends on how much money you have in your minimum sum.
I tried $100000 as minimum sum. The difference I got was […]
Popularity: 11% [?]
From 1 April 2008 onwards, you will not be able to invest the first $20000 in the ordinary account, and also the first $20000 in your special account. What is the purpose of investing money from your ordinary account (OA)? Well, you will earn 1% more on the first $60000 in the OA and Special, […]
Popularity: 16% [?]
CPF Life, a form of annuity scheme, will start in five years time. That means those who are 50 years old will get to opt for one of the twelve schemes five years later.
Originally when the idea was first mooted, people created a ruckus. This was because they were both kiasu and kiasi, and were […]
Popularity: 11% [?]
There are some changes made to the Central Provident Fund. The advantage is the 1% extra in interest for the first $60000. $20000 comes from the ordinary account. For young Singaporeans, we have to wait until we are 65 years old to be eligible to withdraw the Minimum Sum.
While the reasons for increasing the Minimum […]
Popularity: 11% [?]
In my previous article on Supplementary Retirement Scheme (SRS): A Money Crunching Guide Part II,
Jeff asks: Hi Sarah, in view of the recent PM’s national day rally speech, any idea if the SRS withdrawal age (i.e. 62yo) will be similarly postponed like the CPF withdrawal ?
Let’s take a look at what PM Lee said first. […]
Popularity: 8% [?]
The CPF website offers many online calculators to let you calculate your money and one of the useful tools I have found is the retirement calculator. It came as a shock when I saw the results. If I want to retire at the age of 40, and get $3000 a month for 30 years, I […]
Popularity: 10% [?]
Recently, my company got someone down during one of our meetings to talk about saving and loans programme at a co-op. The rates are better than banks. Many people quite keen to sign up for the savings and fixed deposits. To them, earning 2% was a fantastic rate. However, there are other ways of growing […]
Popularity: 17% [?]