Personal Finance
More making voluntary contributions to CPF account – CNA
By Retirement Noob  •  September 20, 2015
In a Channel NewsAsia (CNA) article on 18 Sept, it reported that more people in Singapore are making voluntary contributions to their CPF account. According to the CPF Board, these top-ups amounted to about S$500 million in 2014. That is 25% more as compared to 2013. A former investment analyst Lim Chin Yong, a 56 year old, is one of the those who made voluntary contributions to their own CPF account. Read: More making voluntary contributions to CPF account - CNA Guesstimate on the Age Categories of these Contributors It would be great if the report indicated a breakdown on the age categories of these contributors. There were nearly 74,811 top-ups last year (2014). My guess is that people nearing their retirement might be the bulk who are making these voluntary contribution to their CPF account. People like Lim Chin Yong. If I am close to retirement age, and I have spare ......
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By Retirement Noob
This blog is all about my journey towards my goal for retirement. Living in Singapore has its merit, but it comes at a price of worrying about our retirement. My ultimate goal is to build passive income which will allow me to retain my lifestyle even after I have retired. This blog will hopefully document the growth of my investment portfolio and share with others that it is possible to be a Millionaire with a middle-income salary.
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