Tag: retirement

Woman who spends SGD2 a day now owns three homes and retires at 34

Saki Tamogami saved money for 16 years and now she is paying off the fruits of her labour by retiring at the age of 34 years old. The Japanese woman started saving money at the age of 18 years old. She wanted to own properties before...

Report suggests Singaporeans are not saving for retirement because they ‘don’t feel old’

HSBC’s Future of Retirement 2018 report suggests something rather startling—perhaps the reason why many Singaporeans are not saving for their retirement years is that they ‘don’t feel old.’ More than 17,000 people of working ages in 16 different countries were surveyed for this year’s Future...

Caring for the elderly – a safe haven is important for people in their twilight years

By Boshika Gupta In the Bollywood film, Lage Raho Munnabhai (2006), the "second innings house" was an important plot point. It referred to new beginnings for those who've retired and are free to pursue their dreams. The home struck a hopeful chord with viewers and...

Greater Awareness for Financial Literacy Amongst Singapore Citizens

In a recent online discussion hosted by Mendaki, some interesting questions were asked in regard to the overall financial awareness of Singaporeans and in specific the Malay community. The fact that the online discussion covered this topic was no surprise. With recent changes to...

Retirement in Singapore: Golden years or down trodden years?

By Tommy Wong For a “normal” human life, it comprises three phases: (1) learning, (2) working, and (3) retirement. Typically, a person earns during the working phase so that he can pay his own living expenses during the second and last phases, as well as...

Want to smell the roses?

Wilson Poh, 53 , has just returned from holiday. Soon, he will be travelling again – this time with his wife and two children. He says it is a retirement treat he gives himself now and then. Poh is not your typical workaholic. He has...

Will Raising CPF Contribution Rates For the Elderly Really Make It Easier For Them to “Retire?”

The superficial answer to that question would be “yes.” But the truthful answer is well… you don't need to me say it right? Recently, the Labor Movement, otherwise known as the National Trades Union Congress (NTUC), brought up the issue of raising the Central...

MARUAH calls for bigger CPF payout

Human rights group, MARUAH, has called the government to increase CPF interest rates and its minimum retirement payout in the upcoming 2014 Budget Statement. The group wants the government launch a study to find out the minimum income required by Singaporeans for retirement and subsequently...