Retirement Wikipedia

12/04/2019

Don't let this be you! Speak with us to find out how you can get an alternate source of payouts during your retirement that you can rely on!

A 70-year-old Singaporean revealed to a local publication this week that his retirement payouts are set to cease in May 2019, even though he has $67,5

07/04/2019

It's no longer enough to just be on the ball with your social media game, it's time to work on your financial literacy too!

15/03/2019

"Singapore, the world's second-fastest ageing society, has reached agreement with trade unions and employers to increase the retirement age, its manpower minister said on Tuesday."

SINGAPORE (Reuters): Singapore, the world's second-fastest ageing society, has reached agreement with trade unions and employers to increase the retirement age, its manpower minister said on Tuesday.

19/09/2018

Not yet prepared about retirement? We got you covered! Despite retirement being a natural phenomenon that everyone goes through, gone are the days when savings can take care of your retirement needs. Assess yourself by asking yourself these top rated questions about retirement.

It’s never too late to start securing your future, ask our retirement experts how to retire rich! Stop the worry — ask and learn then you’ll be happy in your golden years!

Visit our website:
www.retire-pedia.com

07/09/2018

John Ng, aged 40, plans to retire at 65 with S$3,000 monthly to spend in real terms. He hopes to enjoy such an income in his old age for 20 years.

By the time he retires, he must set aside a retirement sum of almost S$1.15 million, assuming a long-term inflation rate of 3 per cent.

Many of us put off planning for our retirement until we’re in our forties but it doesn’t have to be an onerous chore, says one financial advisor.

31/08/2018

On this issue, Lee highlighted three main areas — housing, education and healthcare, and acknowledged the costs that they imposed on families throughout their lives.

He added that it was for these reasons that the Government “would spare no effort” in ensuring that people could afford them.

On healthcare, Lee signalled out the upgrade of Medishield to Medishield Life as an instance of how the Government has helped Singaporeans in coping with medical bills. This was done by:

Providing more generous payout compared to Medishield and removing the limit to lifetime claims
Providing lifelong protection regardless of pre-existing conditions or insurance status
According to Lee, 2017 alone saw close to 200,000 Singaporeans benefitting from

MediShield Life, which amounted to over $800 million.

We summarise it into 14 points for you.

05/08/2018

Gardens by the Bay is voluntarily raising the retirement age of its workers to 65, from the statutory requirement of 62 - a move commended by labour chief Ng Chee Meng, who called on more employers to take the same step.

A raised retirement age allows older workers to continue to earn an income and contribute, he said.

"(Older workers) have experience and are valuable assets. Employers should value... our older workers," said Mr Ng, who is secretary-general of the National Trades Union Congress (NTUC).

Gardens by the Bay is voluntarily raising the retirement age of its workers to 65, from the statutory requirement of 62 - a move commended by labour chief Ng Chee Meng, who called on more employers to take the same step.. Read more at straitstimes.com.

31/07/2018

WHEN it comes to manpower decisions such as raising the mandatory retirement age or retraining workers for new roles before retrenchment, businesses say flexibility is key.

This viewpoint arose in response to news of the upcoming review of whether changes are needed on the statutory retirement age at 62 and re-employment age extending to age 67. It will also evaluate the impact of the Central Provident Fund contribution rates on retirement adequacy for older workers.

Last week, labour chief Ng Chee Meng urged employers to voluntarily raise the retirement age of their workers beyond 62.

WHEN it comes to manpower decisions such as raising the mandatory retirement age or retraining workers for new roles before retrenchment, businesses say flexibility is key. Read more at The Business Times.

30/07/2018

Without a plan, retirement can feel like an abstract and lofty concept rather than a concrete goal to work towards. With increasing life expectancy, it is more important than ever to start planning early for our golden years.

So what can Singaporeans do to get ready for retirement? The answer may lie with the very people who are already living their golden years — so we spoke to three women who have retired in Singapore. Here are three tips we gleaned about what to do before retirement:

29/07/2018

Saving enough money to retire early involves diligence, planning, strategy, and usually a few lifestyle changes. After all, $1 million isn’t what it used to be – or what it will become. In 2016, Time magazine estimated that with a 3% inflation rate, $1 million in savings in 40 years would have the same spending power as $306,000 today.

Saving for early retirement is one thing, but will those savings actually last an early retiree throughout the course of their lifetime? After all, $1 million is no longer what it used to be. Here's what you need to consider when figuring how much you need to save for early retirement.

28/07/2018

Another big shot retiring.
How much money has he accumulated?
Can you do the same?

UOL Group's group chief executive Gwee Lian Kheng will retire on Jan 31 next year after 45 years of service. Read more at The Business Times.

27/07/2018

What do you think he will do when he retire?
Share your thoughts with us below!

SINGAPORE: Chairman of the Public Service Commission (PSC) Eddie Teo will retire on Jul 31, the Prime Minister's Office said on Friday (Jul 13). ...