I am sure by now you had already heard about upcoming changes to CPF. It was announced in Budget 2024 in February 2024. If you had not heard about it, I do not know how you chance upon this post. I had previously post on the more important changes and you can read more about it here: CPF latest policy ...
MIMusx:csgx:brs
I know I am late to the complaining party for the recent budget 2024 announcement on changes to the CPF! By now, most of you should have known that the complain is about CPF closing the Special Account for members aged 55 and above in 2025. The change is giving me a headache not only on what to do now ...
cheongstersgx:brs
Share Tweet Here is a safe way to save money that you have no idea when you will need to use or your emergency fund. The 10-yr and 1-yr Singapore Savings Bonds rates since the first issue in Oct 2015 The April 2024’s SSB bonds yield an interest rate of 3.04%/yr for the next ten years. You can apply through ...
investmentmoatssgx:o39sgx:d05sgx:u11sgx:brs
Recently, I blogged about how the CPF SA would vanish once we turn 55 from 2025. This was, of course, announced during Budget 2024. Many people have thought of using the CPF SA as one of the ways to generate passive income in retirement. That is now out the window. We would be left with the CPF RA which ...
aksgx:brs
This blogpost is for me to record my thoughts on CPF so that I have some notes to refer to when I start approaching 55. I have had not the opportunity to think about reaching CPF withdrawal age at 55 as I have some time left to go. However Budget 2024 with the 2 major CPF changes, and the financial blogosphere ...
buyaftercrashsgx:brs
Rounding up top investing articles from around the web, including articles shared on Twitter. Fires involving active mobility devices rise again; total number of blazes up 8.6% in 2023: SCDF (Straits Times) More fires involving active mobility devices (AMDs) raged in 2023 compared to 2022, marking the ...
financialhorsesgx:brs
Share Tweet Shortly after the Singapore Budget 2024, CPF put out a short FAQ regarding some commonly asked questions and their responses. Out of all the responses, this response was quite intriguing to me: Math is quite unique in that if we exercise our brain power a little more, we can become clearer ...
investmentmoatssgx:brs
As you likely would have heard by now. DPM Lawrence Wong announced 2 big changes to CPF at last week’s budget. After which many Singapore investors were up in arms. Given how integral CPF is for Singapore investors (most of us would have a decent chunk of our net worth in CPF). I wanted to take some ...
financialhorsesgx:o39sgx:c31sgx:d05sgx:u11sgx:j7xsgx:brs
This is a long post. Previously, I had shared about how my Special Account (SA) had reached Full Retirement Sum (FRS), the interest I received in CPF for 2023 and my CPF strategy. You can read more about them here: 1. My CPF Strategy - Reached Full Retirement Sum (FRS) of $198,800 in 2023 2. 2023 CPF ...
MIMsgx:o39sgx:d05sgx:u11usx:csgx:brs
On Friday, 16th February 2024, our Singapore Deputy Prime Minister and Minister for Finance Lawrence Wong announced several CPF (Central Provident Fund) changes in Budget 2024. As I am in my forties, some of the changes may not apply to me immediately. Having said that, the CPF Shield Hack is something ...
mysweetretirementsgx:d05sgx:brs
Share Tweet Our whole company had our “introduction to pickleball” session this morning. Pickleball was the poison chosen by our company’s culture planning community to keep us cohesive and to help emphasize certain aspects of our culture we should deepen this year. Having a “strong mind” was one of ...
investmentmoatssgx:brs