Personal Finance
What should mom do with $200k inheritance?
By A Singaporean Stockmarket Investor (ASSI)  •  December 7, 2018
Reader says... My mum was given an inheritance to the tune of $200k. Not knowing what to do with the money, my mum deposited it in the bank without our knowledge and of course, she was “invited” to speak to a bank’s representative and... I experienced some difficulty convincing her to put a significant portion of the remaining sum into her CPF as she is apprehensive that the money will thereafter be “locked up” for life and she can only get a small portion of it every month. I do not think the sum in her CPF RA is anywhere near the BRS. Unfortunately, every individual is only limited to a maximum of $100k in SSB. What do you think are good alternatives for someone like my mum (62 this year) to park her remaining sum? ...
Read the full article
By A Singaporean Stockmarket Investor (ASSI)
Have a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance