CPF is one of the most important assets for retirement planning in Singapore. But it is often under invested. Although CPF board pays you an almost guaranteed interest rate for your savings, you can still invest your CPF to earn a potentially higher return. There are a variety of instruments approved for CPF investment, such […]
CPF Interest Rate: Is it Really Guaranteed?
When it comes to retirement planning, you cannot ignore the Central Provident Fund (CPF). CPF is the default retirement solution for every Singaporean. Most people have some vague ideas about the system, but few people bother to dive deeper. A lot of people feel that since they have no authority over it, why bother? As […]
Unconventional thinking: why you need it for your investment success
The key to investment today is to be able to think outside the box and look at your investment in an unconventional way. The biggest investment and retirement challenges you face today are twofold: How to grow the wealth you have accumulated How to invest and keep up the value of your assets with the […]
How will joint account investments be distributed if a person dies without a will?
Recently I received some questions from one of my readers of the blog. He asked if a person dies without a Will, how will the investments under joint account be distributed? I think this might be an interesting question to many. Question 1: Unit Trust bought under Cash with a local bank and subsequently the sibling of the deceased was added […]
What happens to your investments under the CPF Investment Scheme (CPFIS) if you pass away?
Investment proceeds under CPF Investment Scheme (CPFIS) are not covered under the CPF nomination. If you pass away, your investments under the CPFIS and any cash held in his Investment Account with your agent bank will form part of your estate. The estate administrator/executor may claim these directly from the agent bank for distribution to the […]
How will your CPF savings be distributed if you are no longer around?
If you pass away without CPF Nomination, your CPF savings (Ordinary, Special, Medisave, and Retirement Accounts) will be transferred to the Public Trustee for distribution to your family under the intestacy laws. For example, if you are single, your CPF savings will be distributed by the Public Trustee equally between your parents. If you are […]