Years of low interest rate environment allowed inflation to erode our savings. How should we reach the goal of a comfortable retirement? As red lights start to go off for the US Social Security, it is a sign for us not to be over reliant on our CPF.
Americans spent more than $70 billion on state-run lotteries. To put that into context, that’s more money than Americans spent on sports tickets, books, video games, movie tickets and music plus all of the apps, games and programs bought from Apple’s iTunes App Store — combined.
New Year is a useful time to consider ways we can improve our lives. Most of us can save a little more, and a little smarter than we currently do.
I was reading the papers on changes to the Central Provident Fund (CPF) and Supplementary Retirement Scheme (SRS) which took effect on 1 Jan 2016 and thought to myself that working Singaporeans are a lucky bunch.