One of the biggest risks for retirement is not that you did not save enough, but all your savings are depleted by huge long term care cost. You may have heard that JB nursing homes draw more and more Singaporeans. That is understandable. Because even with government subsidy, the nursing home cost in Johor Bahru is still […]
“By 2030, only 2 adults will be taking care of 1 elderly person”, that is an astonishing fact reported by Straits Times. What does this mean to you? It means that you need to set aside enough money for long-term care if you don’t want to end up in a nursing home at Johor Bahru. We all will become […]
Do you know when you turn 40 years old, CPF will automatically deduct your Medisave account to pay an insurance schemed called ElderShield? So what is exactly Eldershield? How much premium do you have to pay? What are the other options that you can have?