Personal Finance
Merdeka Generation Package: What you need to know
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  February 18, 2019
1. S$100 TOP-UP TO PASSION SILVER CARDS Seniors will get a one-time S$100 top-up to their PAssion Silver cards. This can be used to pay for activities and facilities at community clubs, entry to public swimming pools and public transport, among other things. 2. MEDISAVE TOP-UPS Starting this year, Merdeka Generation seniors will get a MediSave top-up of S$200 every year for five years until 2023, to help them save more for healthcare needs. 3. ADDITIONAL OUTPATIENT CARE SUBSIDIES, FOR LIFE Special Community Health Assist Scheme (CHAS) subsidies will be available for package recipients, geared towards common illnesses, chronic conditions and dental procedures. All Merdeka Generation seniors will receive these regardless of income, including those without a CHAS card at the moment. They will also get an additional 25 per cent off subsidised bills at polyclinics and public specialist outpatient clinics. 4. ADDITIONAL MEDISHIELD LIFE PREMIUM SUBSIDIES Also for life.  These subsidies will start from 5 per cent...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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