Last updated on February 3rd, 2022
You may be looking to grow your CPF funds by investing some of your CPF OA and SA funds using the CPF Investment Scheme.
However, the options are rather limited as the CPF Board does not want you to take too many risks.
If you are thinking of buying US stocks using your CPF funds, here’s what you need to know.
Congratulations on reaching this important milestone at 55 years old! Now that you have greater control over your CPF, you may be wondering how to go about withdrawing your funds.
My dad allowed me to use his CPF account to perform a withdrawal, and here’s a step-by-step guide on how to do so:
Last updated on November 16th, 2021
You have heard of the 3 retirement sums, namely the BRS, FRS and ERS under the CPF Retirement Sum Scheme. However, you still have questions on what are they about, or how to go about saving towards it.
Therefore, this article will help to cover these burning queries by collating and answering the most important questions that you may have. Sit tight and enjoy!
Last updated on October 29th, 2021
Welcome to this cozy corner of the internet, where you can pick up little nuggets of financial knowledge to improve your personal wealth.
Although I am sure we have all heard of the CPF Special Account (SA), we do not usually pay much attention to it as there are limited ways to use our savings there.
To save you the trouble of having to navigate through the CPF website, here are 15 answers to questions that you may have about your SA. Sit tight and enjoy!
Last updated on November 16th, 2021
Welcome to this cozy corner of the internet, where you can pick up little nuggets of financial knowledge to improve your personal wealth.
After working for a number of years, you have accumulated some savings which you intend to set aside for your retirement goals. However, you are unsure on whether to save them in your CPF Special Account (SA), or grow them through investments in your Supplementary Retirement Scheme (SRS) account.
This article will help you to make a more informed choice by first making a comparison between the two schemes, followed by some suggestions on how to save for your retirement using both your SA and SRS.
Last updated on November 16th, 2021
You have just started to set aside some savings to invest towards your retirement goals.
However, you are still undecided on how much to allocate to the CPF Investment Scheme (CPFIS) or the Supplementary Retirement Scheme (SRS).
This article will guide you through your dilemma by first making a comparison between the two schemes, followed by some suggestions on how to best save for your retirement using both CPFIS and SRS.
You may have taken a tuition fee loan with OCBC to fund your NUS or NTU tuition fees.
The best part is that the loan is interest free during your university course!
However, once your course is over, you may be wondering how you should go about paying it.
Here is my experience with repaying my tuition fee loan with OCBC.
Last updated on September 21st, 2021
You know that an emergency fund is important before you start investing. While you want your emergency fund to be liquid, you do not want it to lose its value!
This is because most savings accounts offer really low interest rates.
So where should you be placing your emergency funds in?
Last updated on June 10th, 2021
You may be thinking: if you save enough cash, you should have enough for retirement right?
However, have you factored in inflation in your calculations?
By leaving your cash in a bank account, its value will slowly erode away due to inflation!
I used to think that by saving money, you should have enough to last you in the future. However, here’s what I believe you should be doing with your cash instead.
Last updated on November 16th, 2021
As you are calculating your net worth, you may wonder if you should be including your CPF in the calculation.
Even though it’s your money, it is being ‘locked up’ the government. So should it be still considered as an asset?
Here is my opinion on why you should still consider CPF as a part of your net worth.
