For most Singaporeans, CPF funds account for a large portion of our retirement sum. This naturally points to the importance of truly understanding how the funds work if you are serious about retirement planning in Singapore. In this article, we will discuss two essential elements the CPF Life and Retirement Sum Scheme (RSS). We will take a closer look.
CPF Life vs Retirement Sum Scheme — Which Should You Go For? theindependent.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.sg Daily Mail and Mail on Sunday newspapers.
If you’re in your 30s like I am, retiring in Singapore is the stuff of nightmares. By the time our retirement rolls around, the old folks selling cheap hawker food and kopi will be long dead and gone. What will life be like then? And how can we hope to afford it? So it’s really important for us to understand.
The key to maximizing the amount of time you spend on leisure activities while minimizing financial worries during retirement is through a stable and sizeable passive income stream. Here’s what you need to do.