Some of the best decisions Singapore ever made probably looked unnecessary at the time. That was what came to mind when PM Lawrence Wong spoke at the National Day Rally about Singapore needing to plan not just 5 or 10 years ahead, but 50, 70, even 100 years into the future. It sounds impressive. But [...]
$8,000 a month for eldercare sounds like a luxury.But perhaps the real luxury is having a choice.Singapore’s first private assisted-living development has opened, with fees starting from about $8,000 a month and exceeding $13,000 for larger apartments.The headline figures will understandably attract attention. But to me, the more important conversation is not whether this particular [...]
𝗧𝗵𝗲 𝗿𝗲𝗰𝗲𝗻𝘁 𝗖𝗣𝗙 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗴𝗼𝘁 𝗺𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗜 𝘀𝗲𝗲 𝗾𝘂𝗶𝘁𝗲 𝗼𝗳𝘁𝗲𝗻 𝘄𝗶𝘁𝗵 𝗺𝘆 𝗰𝗹𝗶𝗲𝗻𝘁𝘀.When we talk about retirement adequacy, many people tend to focus heavily on their investment portfolio.“How much can I earn?”“Should I invest my CPF to get higher returns?”“Why leave money in CPF at 2.5% when I could potentially earn more [...]
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