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Financial Goals For January 2024
By My Sweet Retirement  •  January 29, 2024
We have came to the end of the first month of the year 2024 and I am going to provide an update on the progress of myself trying to reach my targeted financial goals for January 2024. It is definitely a fantastic start as the total value of my financial assets increased from 72.11% to 74.32%. In January, I attributed the increase of my financial assets due to the maturity of the fixed deposits that I placed with CIMB Bank. As I could not find a better deal, I renewed my principle including the interests collect with CIMB Bank again. CIMB Bank is offering 3.50% p.a. for a 6 month fixed deposit placement. Supplementary Retirement Scheme (SRS) Funds I have been actively contributing to my SRS funds for the sake of tax relief. SRS funds is one of the retirement bucket that I intend to fill as I can draw down from this bucket from 62 years old onwards for 10 years....
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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