How much is enough for retirement in Singapore?

[lee_yl]

MyPillow\" post_id=\"2135289\" time=\"1718852130\" user_id=\"70594:

New Great SP series 3.2% per annum for 2 yrs
I am not working or promoting for GE , just some info for sharing on savig too :

https://www.greateasternlife.com/sg/en/personal-insurance/our-products/wealth-accumulation/great-sp.html?aid=&utm_campaign=gels_brd_ao_ld_greatsp0624&utm_source=google&utm_medium=search&utm_content=sem_greatsp&utm_term=&gad_source=1&gclid=CjwKCAjwg8qzBhAoEiwAWagLrKW1TuJUGDbJqDN6kmJ56-bcNt6jkF7500EOXFErsjJw95JIojxJWhoCmkcQAvD_BwE&gclsrc=aw.ds

UBS has a AT1 perpetual 5.5 year (due on 21 Dec 2029) at 5.85% pa…

[Imp75]

lee_yl\" post_id=\"2135290\" time=\"1718852790\" user_id=\"17023:

UBS has a AT1 perpetual 5.5 year (due on 21 Dec 2029) at 5.85% pa…

AT1 is a high risk bon somemore its perpetual which means there is no guarantee principal will be paid at which juncture since there is no maturity. Also with AT1, mandatory capital triggers may kick in upon certain events which may place bond holders in an Unfavourable situation, Read the TnC carefully.

[lee_yl]

Imp75\" post_id=\"2135293\" time=\"1718858113\" user_id=\"2358:

AT1 is a high risk bon somemore its perpetual which means there is no guarantee principal will be paid at which juncture since there is no maturity. Also with AT1, mandatory capital triggers may kick in upon certain events which may place bond holders in an Unfavourable situation, Read the TnC carefully.

Yes, previously the Credit Sussie one is also an AT1 bond. But UBS is already the last major bank left in Switzerland so should be fine?

[Imp75]

lee_yl\" post_id=\"2135298\" time=\"1718859442\" user_id=\"17023:

Yes, previously the Credit Sussie one is also an AT1 bond. But UBS is already the last major bank left in Switzerland so should be fine?

So you need to see if 5.85 is worth the risk lo.

[MrsKiasu]

I m outside now so cant check my excel sheet. If not wrong think got around 4% but capped at 100k/pax for ocbc360.

[sharonkhoo]

MyPillow\" post_id=\"2135287\" time=\"1718851809\" user_id=\"70594:

have u consider counselling job before?

No! Don't have the patience, and don't like face-to-face that much. A friend of mine did a counselling MA a few years ago - quite a lot of ladies do that in their 40s-50s.

[MyPillow]

Imp75\" post_id=\"2135293\" time=\"1718858113\" user_id=\"2358:

AT1 is a high risk bon somemore its perpetual which means there is no guarantee principal will be paid at which juncture since there is no maturity. Also with AT1, mandatory capital triggers may kick in upon certain events which may place bond holders in an Unfavourable situation, Read the TnC carefully.

those from local banks shold be ok bah? ocbc, dbs, uob , i think Stan chart sg also have

[Imp75]

MyPillow\" post_id=\"2135303\" time=\"1718862535\" user_id=\"70594:

those from local banks shold be ok bah? ocbc, dbs, uob , i think Stan chart sg also have

See who is the issuer of the bonds not who are the distributors of the products. There is a reason why it is called AT1. It’s definitely more risky than your plain vanilla bonds. And in this kind of interest rate environment bond prices are volatile as well.

[MyPillow]

MrsKiasu\" post_id=\"2135301\" time=\"1718861384\" user_id=\"43981:

I m outside now so cant check my excel sheet. If not wrong think got around 4% but capped at 100k/pax for ocbc360.

ocbc360 i find it troublesome lei? u ditch uob already, so is it need to inform HR to change salary crediting bank again..

recently , we found out Trust Bank is easy to earn interest up to 3.5% , but it is effortless. just spend , credit salary and save. 3.5% up to $500K deposit

[MyPillow]

Imp75\" post_id=\"2135304\" time=\"1718862701\" user_id=\"2358:

See who is the issuer of the bonds not who are the distributors of the products. There is a reason why it is called AT1. It’s definitely more risky than your plain vanilla bonds. And in this kind of interest rate environment bond prices are volatile as well.

thanks for the reminder & info on AT1
yah, i was referring more to issuers of AT1 from our local banks, i think is safer but of course is higher risk since no mature dates compared to other local no frill products