New CPF scheme for older employees

New CPF scheme for older employees

After scrapping its retirement age, Prudential becomes the first financial institution to raise its CPF contribution rate for employees above 55. In a move to help its older employees to be financially ready for longer life expectancy, Prudential Singapore has raised...
7 reasons you can’t retire

7 reasons you can’t retire

Do you look to your golden years with a sense of joy or fear? What kind of retirement do you see for yourself? BY: Robin Ann Rheaume Many people reach retirement age without enough money to maintain a comfortable lifestyle. The situation is often worse for women who,...
Guide to LIFE

Guide to LIFE

ipac financial planning explains CPF LIFE. BY: Esther Seo   The CPF Lifelong Income Scheme For The Elderly (CPF LIFE) is an annuity scheme, which provides retirees with a monthly payout for life. This scheme is an improvement over the current Minimum Sum Scheme (MSS)...
Manage your cashflow

Manage your cashflow

Build your nest egg for at least 20 years or more and enjoy a comfortable retirement.   Most of us strived hard during our working years to build our retirement nest egg. However, we must also not neglect the importance of managing our money prudently during our...