Shares & Derivatives
New year’s resolutions to impact your financial security.
By A Singaporean Stockmarket Investor (ASSI)  •  December 30, 2014
There are two points to note in this reply I made to a reader: "Well, in your case, with $157K in the SA, at age 53, 10 years from now, even without another contribution, the money in the SA will grow to be at least $236K. I say "at least" because I have not taken into consideration the additional 1% interest for the first $40K. "$236K in your SA at age 53 and without any risk. Sounds good? ;) "... Yes, it is harder for older workers (to rejoin the workforce). This is also why I said during a discussion in FB that a bigger emergency fund is necessary as we grow older." The two points are: 1. Help the government to help us meet the CPF minimum sum. Beef up our CPF-SA as soon as possible and let time and the government do the rest for us. 2. The size of our emergency funds ......
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By A Singaporean Stockmarket Investor (ASSI)
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