Personal Finance
Breadwinner Series : Are your aging parents ready for retirement ?
By Lady, you can be free  •  January 30, 2015
As the breadwinner of a family, I noticed that when I planned for retirement. My biggest challenge is to determine how much buffer I need to factor in my retirement to fulfill my dependencies (aging parents) daily and special needs. As shared in my earlier post, money has always been a sensitive topic within my family. Thus, I needed a way to broach this topic in the least destructive way so that I could get the information I need to build my buffer. Else, I would never dare to retire. This is what I did to get started which actually worked out quite well. Thought I should share it with you. Note that I haven’t completed all the steps. I am still finding a right moment to carry out actions 6-9. 1) Start A Conversation Use an article to start a conversation with your parents on retirement. I found that this ......
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By Lady, you can be free
I’m a single lady who aspires to achieve financial freedom. I graduated from university with a salary of only SGD 2,200 per month and started this financial freedom project in 2005 when my career came to a transition. Being the sole breadwinner for a family of 4, I needed desperately to figure out how long I can survive without a job with my pathetic savings. While sorting out my finances, I came across my Central Depository statements and realized that passive incomes can be generated through dividends ...
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