In my previous post, I shared on how to build passive income with fixed deposits as one of the methods to help with retiring early in Singapore. Building passive income is important if you want to retire early as it helps to mitigate against longevity and inflation. Fixed deposit is a type of bank account where you deposit a lump sum of money for a predetermined duration. In return, the bank pays you a fixed rate of interest on that amount. Fixed deposits are low-risk investments because they are practically risk-free. In Singapore, your deposits are also insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$75,000. I have one fixed deposit placement with CIMB Bank which is maturing in April 2024. As usual, I will use the principal amount with the collected interests and continue to do another fixed deposit placement. I am actually executing fixed...