Finance, Investment, Health And Wealth
Investing is good, but think health
over wealth
The Sunday Times
Wednesday, Oct 16, 2013Central Provident Fund (CPF) savings are used by Singaporeans for various areas such as housing, investment, insurance, health-care expenses and education. The Sunday Times is embarking on a four-part series on CPF to help readers better understand its different aspects and examine how Singaporeans can best use their CPF money.
Today, we begin by looking at how those aged below 35 can use their CPF funds wisely.
Ask Singaporeans what CPF stands for, and expect tongue-in-cheek replies such as Cash Prior to Funeral or Coffin Purchase Fund.
Make your CPF funds work harder for you
Rachael Boon
The Straits Times
Tuesday, Oct 22, 2013You are at the point where you may have been working for more than 10 years, have gotten married, there's a child or two and you are not too stretched with the mortgage. So what next?
Well, it might be time to look at maximising your Central Provident Fund (CPF) monies, a social security savings plan that helps with retirement, health care, home ownership, family protection and asset enhancement. Note, too, that the composition of your Ordinary Account (OA), Special Account (SA), and Medisave Account (MA), changes after 35 and 45.
In this second of a four-part series on CPF, The Sunday Times
looks at various ways those aged 35 and above can maximise their CPF
funds.
How to manage risks and grow family
wealth
Genevieve Cua
The Business Times
Monday, Oct 21, 2013SINCE the 2008 financial crisis, wealth owners have come to associate risk with volatility. Yet, risk encompasses many more dimensions which will be critical to preserving wealth, says family wealth adviser and author Mark Daniell.
"One of the major mistakes that people make is thinking that risk is volatility. Volatility can be an advantage rather than negative. Risk is a 360 degree set of concerns, (such as) counterparty risk, concentration risk, tax, interest rates, family risks - a whole series of risks around family wealth that needs to be managed."
Mr Daniell, who lives in Singapore, was former managing director of Bain & Company (Asia). Between 2002 and 2003, he chaired the Singapore private wealth management initiative for the Economic Review Committee that looked into shaping Singapore into a major wealth management hub. The recommendations were accepted and many have come into fruition through the years.
How to get the max out of Medisave
Mok Fei Fei
The Straits Times
Monday, Nov 04, 2013In the final of this four-part series on ways to maximise your Central Provident Fund savings, The Sunday Times looks at how you can make better use of the money in the Medisave Account.
"You can die in Singapore, but you can't afford to fall sick here" is a common refrain heard on the street.
A recent survey by research company GfK found that 42 per cent of respondents expressed concern about the cost of health care in Singapore.
September's inflation data released by the Department of Statistics showed that health-care costs went up by 4 per cent compared to the same period a year ago, higher than the 1.6 per cent increase in the overall consumer price index.
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