The Current Market Crash Pushed Our Retirement Goal Back By 3 Years, And It Might Get Worse

So the market dived another 8-10% or so yesterday.  Every retail investors is probably mass selling and taking profit off their positions now. There were reports that trading firms are overwhelmed and true enough, when I log into Vickers, I couldn’t even connect to my account. This truly is a once is a decade / …

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We Care Less About CPF Life’s Rate Of Return, More As A “Forced Savings” For The Compound Interest

Recently Mr Budget received a comment from a reader (thank you! We love reading them!) commenting on the CPF scheme. Ronald shared his views that I should do a calculation on the CPF Life annuity scheme to see if it is a fair deal before committing so much into CPF, after all CPF contribution is …

Continue reading We Care Less About CPF Life’s Rate Of Return, More As A “Forced Savings” For The Compound Interest

The Ideal Minimum Salary Range For 30 – 35 Years Old Singaporean Is Between S$3,500 To S$4,500

Syfe, a roboadvisor in Singapore, recently released a study that looks at whether Singaporeans are ready for retirement.  Dubbed the Syfe Retirement Readiness Index, the study showed a few findings after polling about 1000+ Singaporeans across all age groups. Here’s what they found: 60% of Singaporeans feel that they are not adequately prepared for retirement69% …

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4 Important Financial Questions To Ask And Discuss With Your Partner

With the end of the year coming, Mr Budget tend to reflect towards what has happened over the year and see if there are any aspects in life which we can improve on.  Of course, it is still a bit early for that as we have 2 more months before the end of the year. …

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Will We Quit And Travel The World After We Hit Our Financial Goals?

Both Mrs Budget and myself counts ourselves as relatively lucky. As compared to most of our peers, we have the option to plan for our early retirement, and have the means to work towards that. We count ourselves lucky too as we are aligned in terms of how we view money, and our aspiration towards …

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