How much is enough for retirement in Singapore?
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starlight1968sg\" post_id=\"1955433\" time=\"1577320330\" user_id=\"14025:
Hello starL , you \" sounds\" like CPF spokeperson fr Retirement unit
2019 will be in history in a few days' time. Are you on track with building your retirement funds? Happy planning...
me ... still working ... investment portfolio din chg much , mixture of liquid fixed dep, unit trusts,bond , house.
largest sum should be cpf fund ( conitnue to work to beef up this part- & follow what cpf board advise when i reach 55yo... still long way to go for me :roll: -
not much change :sad:
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well, with year-end just round the corner, it is gd to review finance to ensure retirement is on track
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last time I do update my spreadsheet on balances from bank accounts, investments etc with the forecast inflow and outflow…but now so lazy liao maybe know about the same ba.
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This question really depends on individual habits ba. Most experts would advise a 3 to 4* percent withdrawal from retirement funds per year. With that just need to calculate how much annual expense would be and multiply that amount by 25 to 33.33 times (depending on risk appetite) to get the retirement sum required.
*This is just an estimated amount. Actual amount would depend on the retirement age, the spending habits and investment abilities. -
Revisiting the topic on annuity again, is there a need for an annuity to address the longevity?
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https://www.8days.sg/sceneandheard/entertainment/joyce-cheng-s-hongkong-apartment-revealed-is-set-to-receive-her-12736312
Something to ponder over....
Just read an article that the late HK actress Lydia Shum left an inheritance of $11m for her only daughter, Joyce Cheng but Joyce can only inherit it after she hits 35yo. Her mum also left her a trust fund which pays her S$3,600 per month.
Earlier, Joyce said she was so poor as she was only left with $4.50 in her bank but she has since picked herself up and now, she’s a F&B entrepreneur.
I think it’s a good idea to set up trust funds to dole out monthly allowance and only inherit big ticket item when the kid has attained maturity (35yo?).
I can’t give my kids S$3,600 per month but maybe $300 (enough to buy Gardenia/Sunshine bread for a mth ). Too much monthly allowance and kids may just choose to rot at home. -
lee_yl\" post_id=\"1976497\" time=\"1589769400\" user_id=\"17023:
What happens if the daughter donch live till 35? The govt jiak the money?
https://www.8days.sg/sceneandheard/entertainment/joyce-cheng-s-hongkong-apartment-revealed-is-set-to-receive-her-12736312
Something to ponder over....
Just read an article that the late HK actress Lydia Shum left an inheritance of $11m for her only daughter, Joyce Cheng but Joyce can only inherit it after she hits 35yo. Her mum also left her a trust fund which pays her S$3,600 per month.
Earlier, Joyce said she was so poor as she was only left with $4.50 in her bank but she has since picked herself up and now, she’s a F&B entrepreneur.
I think it’s a good idea to set up trust funds to dole out monthly allowance and only inherit big ticket item when the kid has attained maturity (35yo?).
I can’t give my kids S$3,600 per month but maybe $300 (enough to buy Gardenia/Sunshine bread for a mth ). Too much monthly allowance and kids may just choose to rot at home. -
Maybe go to the next of kin, or go back to her Daddy (Adam Cheng), if there is No will
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