Channel News Asia recently published an article on Retirement Planning: How Much Is Enough? And for many Singaporeans there, retirement means different things to different people and industry observers say retirement aspirations of Singaporeans have evolved over time. “On a month to month basis, I’ll try to save up to about 30 per cent of… Continue reading Retirement Planning – How Much Is Enough?
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CPF Interest Lost Overtime
Do you know that when you use CPF to pay for your HDB, you are incurring INTEREST LOSS! If you use 200k of CPF, you will lose 128k in 20 years’ time! You will have negative sale (ie will not get back any cash) the longer you hold on to your HDB. For example, Sale… Continue reading CPF Interest Lost Overtime