Working less now to work longer later

Sunday Times Singapore, Novemeber 15, 2009 Sunday With people expected to live longer, researchers propose cutting work week during prime years Shefali Rekhi Working five days a week and retiring in your 60s is the norm in many societies. But leading researchers of life expectancy at the Ageing Research Centre of the University of Southern Denmark are calling [...]

Keep your nest egg growing

Sunday Times Singapore, Novemeber 15, 2009 Sunday Stagger withdrawals from SRS upon retirement to enjoy full benefit of scheme By Lorna Tan, Senior Correspondent It’s a pain to pay taxes, and taxpayers who want to enjoy some savings next year can consider contributing to the Supplementary Retirement Scheme (SRS). But they must do so by Dec 31.Set up [...]

Savings scheme that few know of

Sunday Times Singapore, Novemeber 15, 2009 Sunday small change   Many taxpayers fail to take advantage of the Supplementary Retirement Scheme By Goh Eng Yeow Getting a decent return is tough for risk-averse investors in the current low-interest rate environment. Keeping the money in the bank offers them almost zero return, since savings rates have sunk to an [...]

New scheme: What you need to know (CPFLife)

Sunday Times Singapore, October 18, 2009 Sunday   CURRENT SITUATION: When you reach 55, a CPF Retirement Account is created for you with savings from your Ordinary and Special accounts. The Retirement Account earns 4 per cent interest until the end of next year. After that, it will earn a weighted average interest on a portfolio of [...]

Close to 12,000 opt for CPF Life

Sunday Times Singapore, October 18, 2009 Sunday   Annuity scheme draws wide interest; Life Plus plan with higher payout most popular By Jamie Ee Wen Wei Madam Yeo chose the Life Basic plan so she would not have to depend entirely on her son for her expenses after she retires. As she is not a big spender, [...]