CPF "Hacks & Tips"

As we grow older each day, sometimes depending on our kids might not be the best option, a Professional Nursing home or Assisted Living might bring up a better quality of life...

Assisted Living vs. Nursing Home: How Do They Differ? Assisted living facilities may be a good choice if you’re in good health but need help with some activities. A nursing home may be better if you need 24-hour medical care.

Retirement lifestyle-focused approach:
An asset is not really an asset unless it gives you income!

Am I planning right for retirement, especially in a downturn? Financial experts answer some common questions The COVID-19 pandemic might have thrown retirement planning into disarray. Can we still retire by our ideal age? Is depending on CPF enough? We hash out conundrums faced by some Singaporeans with two financial experts.

most important equation:
Lifetime passive income > Increasing expenses!

How Does CPF Life Fit Into Your Retirement Planning All you need to know about CPF Life

Low Risk, Capital Guaranteed Options: Best Fixed Deposit in Singapore (September 2021)

Low Risk, Capital Guaranteed Options: Best Fixed Deposit in Singapore (September 2021) Looking for the best fixed deposit promotions in Singapore? We round up the rates from banks like CIMB, Citibank, DBS, Maybank, OCBC, Standard Chartered, UOB and more to find out which gives the interest rates for the lowest tenor!

Which CPF Life Plan suits you the best ?
Not too sure which one is the best for your situation? Drop us a PM!

How much do I need for retirement? 3 key considerations when choosing your CPF LIFE plan Saving for your retirement is easier with the CPF Lifelong Income For the Elderly (CPF LIFE) Scheme, which gives you lifelong monthly payouts from the age of 65.. Read more at straitstimes.com.

Personal Income tax planning season is here! Get ready and be prepared!

Tapping into the full potential of an SRS account When Mr Andrew Cheang opened a Supplementary Retirement Scheme (SRS) account at POSB last October, he initially intended to leave the funds in the account for his retirement.

Why are " Good Debts" beneficial?

Rich Dad Scam #7: Get Out Of Debt Lots of people will tell you how to get out of debt, but you need to know how to use debt instead

So what is 𝗖𝗣𝗙 𝗦𝗵𝗶𝗲𝗹𝗱𝗶𝗻𝗴 about ?

When we turn 55, a new 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 (𝐑𝐀) is created for us. Up to our Full Retirement Sum (FRS) will be transferred from our Special Account and Ordinary Account into the Retirement Account.

The 𝐟𝐢𝐫𝐬𝐭 𝐩𝐨𝐨𝐥 𝐨𝐟 𝐦𝐨𝐧𝐢𝐞𝐬 that will be transferred into our Retirement Account will be 𝐟𝐫𝐨𝐦 𝐨𝐮𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭. If we are unable to hit the (FRS) with just our Special Account funds, 𝐭𝐡𝐞𝐧 𝐨𝐮𝐫 𝐎𝐫𝐝𝐢𝐧𝐚𝐫𝐲 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 balances will flow in to plug the gap.

If you do not want your 𝐂𝐏𝐅 𝐒𝐀 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐬 𝐭𝐨 𝐛𝐞 𝐓𝐑𝐀𝐍𝐒𝐅𝐄𝐑𝐑𝐄𝐃 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐅𝐈𝐑𝐒𝐓 since it’s earning a higher interest rate compared to Ordinary Account, you can 𝐮𝐬𝐞 𝐭𝐡𝐞 𝐂𝐏𝐅 𝐒𝐡𝐢𝐞𝐥𝐝𝐢𝐧𝐠 𝐇𝐚𝐜𝐤 𝐭𝐨 “𝐬𝐡𝐢𝐞𝐥𝐝” 𝐭𝐡𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐬.

Find out how you can 𝐒𝐇𝐈𝐄𝐋𝐃 𝐲𝐨𝐮𝐫 𝐂𝐏𝐅 𝐀𝐜𝐜𝐨𝐮𝐧𝐭, create more 𝐅𝐋𝐄𝐗𝐈𝐁𝐈𝐋𝐈𝐓𝐘 and 𝐎𝐏𝐓𝐈𝐌𝐈𝐒𝐄 your 𝐂𝐏𝐅 𝐑𝐄𝐓𝐔𝐑𝐍!

Turning 55 Soon? Here's A CPF Special Account Shielding Hack You'd Want To Know! Apart from making voluntary top-ups or transferring funds to boost your retirement savings in CPF, you can also use this CPF shielding hack to accumulate more withdrawable savings after setting aside your Full Retirement Sum.