We all know that death is unpredictable (unless you seek it).
You could live to be a centenarian (someone who lives till 100 years old) or have a shorter life than normally expected.
Who knows..
But today, we’re going to look at the data which shows us the chances of death happening by the next year, based on age and sex.
So, read on!
Check your financial health (net worth) by taking what you own (assets) minus what you owe (liabilities). Here’s a free online net worth calculator to make that easy for you.
Why do some of us find it hard to save money?
Is it because of our saving and spending habits? It can very well be.
We must exert control over them and not let them control us.
One way is to build a budgeting plan to manage your personal finances. It takes into consideration your monthly income, amount of savings/investments you intend to set aside and expenses – necessities and wants.
While it may seem like a chore (which it isn’t), its usefulness will go a long way.
Doing this will ensure you can save more and spend less.
So, let’s find out how to budget money effectively!
Use our free monthly budget and expense calculator to save more and spend less.
Planning for your retirement in Singapore is not an easy task, especially when you’re just starting out.
Where do you even start?
No worries, it only gets better when you put more bits and pieces together.
To see the full puzzle, that’s where this introductory guide to retirement planning comes in..
This guide serves to give the skeletal big picture. To explore even deeper, you can click on the relevant links in the various sections.
Let’s begin!
When you start to plan for your retirement, the first thing you’d want to do is understand how CPF works.
But with constant improvements made to the CPF system over the years, rules have been changing.
Because of these changes, there’s a lot more information out there, which causes clutter.
Even so, it’s still not an easy task, and that puts people off.
That’s why this guide is created to provide only the meat of the dish, and stripping away the potatoes and veggies (they’ll still be addressed in other articles).
So, let’s find out how CPF for retirement works!
Retirement is bound to happen, whether you like it or not.
Even if you love what you’re doing and don’t intend to retire, there comes a point in time when old age or bad health catches up.
If you didn’t set aside a sum of money to live on, it can be a struggle.
Thankfully for Singaporeans, there’s the Central Provident Fund (CPF).
And whether you’re a working adult or soon-to-be retiree, you’d have thought about this: “is my CPF enough for retirement?”
Can you solely rely on what CPF provides for you in your golden years, or do you have to do more?
Let’s find out now.
If you’re here, you must’ve heard about the FIRE movement.
As we all know, retirement will come one day. When would that be? That’s for you to decide.
And if what you want is to enjoy an early retirement, FIRE enables that to happen.
Why are people talking about it? And is it meant for you?
Read on to find out now!
The statutory retirement age in Singapore has been changing over the years.
It’ll get pushed further in time to come.
Although you should always plan for your own retirement (which includes the age you wish to retire), these changes do matter because they may affect your retirement planning.
What are the changes and how do they affect us?
Read on to find out!
All things in life have a certain balance.
For example, a balanced healthy diet ensures optimal health. Overeating (or undereating) of a particular type of food results in unfavourable health implications.
Likewise, overexposure (or underexposure) to a certain asset class could cause negative effects on our portfolio’s performance.
And that’s why we should have a well-balanced asset allocation to ensure our investments are kept within parameters.
Today, we’ll look at how asset allocation, diversification and rebalancing play a part in the grand scheme of things.
So, read on!