Life is like a cup of coffee… Enjoy it while it last
When I first started working around 20 years ago (yes, I am that old) fresh out of polytechnic, I had zero savings. My first job made $1,200 a month. 2 years in, I still don’t have $1000 in savings in my bank account. I was a spendthrift back then. I was buying new gadgets almost … Read more
Recently, I came across this thread on Reddit. Basically the poster found out his wife of 4 years has a secret savings account and they are getting a divorce. I won’t comment who’s right or wrong. But I do feel that this is why it is important for married couples to have separate finances. Why … Read more
What is Retirement Sum? When you reach 55, the monies in your CPF Special Account (SA) and Ordinary Account (OA) will be transferred to a Retirement Account (RA), up to the Full Retirement Sum (FRS). You can then choose to withdraw the excess amount. Or just continue to set it aside for a larger retirement … Read more