Being a millionaire today is different from being a millionaire 30 or even 20 years ago. This is simply because a million dollars is worth less now due to inflation in the cost of goods and services. These days, even a HDB flat could cost a million dollars!
So, someone with total liquid assets worth a million dollars does not impress me. What might impress me is how he got it and what he is
Showing posts with label CPF. Show all posts
Showing posts with label CPF. Show all posts
Tuesday, October 2, 2012
Thursday, September 20, 2012
Young working Singaporeans, you are OK. Really?
This was just in the news:
Young Singaporeans in the workforce today will have adequate savings in their
Central Provident Fund (CPF) accounts by the time they retire, according to an
independent study by the Ministry of Manpower.
A recent study using the Income Replacement Rate or IRR indicates that
Singaporeans are adequately covered. Pension economists measure
retirement adequacy by
Young Singaporeans in the workforce today will have adequate savings in their
Central Provident Fund (CPF) accounts by the time they retire, according to an
independent study by the Ministry of Manpower.
A recent study using the Income Replacement Rate or IRR indicates that
Singaporeans are adequately covered. Pension economists measure
retirement adequacy by
Wednesday, June 13, 2012
Buying a piece of real estate within your means.
This blog post is part of ASSI's voluntary community service to help raise awareness on personal financial planning. Sounds altruistic, doesn't it? Well, it doesn't cost me anything.
Sky Habitat. 509 units in two 38 storey towers. Price: $1,700 psf!
From the CPF Board:
Buying a house is the single most expensive financial commitment for most people. This decision can be scary if you have
Sky Habitat. 509 units in two 38 storey towers. Price: $1,700 psf!
From the CPF Board:
Buying a house is the single most expensive financial commitment for most people. This decision can be scary if you have
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