Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
By 2030, nearly one in four Singaporeans will be aged 65 and above, making retirement financial planning more critical than ever. For many, understanding **what happens to MediSave after retirement** is a top concern to ensure lifelong healthcare needs are well-managed.
With more than half of Singaporeans aged 65 expected to live beyond 85, planning for a sustainable retirement income is crucial. The CPF payout scheme is designed to address this by providing a reliable stream of income throughout your golden years, ensuring you don't outlive your savings.
With a guaranteed interest rate of 4% per annum, the CPF Special Account (SA) is a cornerstone of retirement planning for many Singaporeans. However, the decision to actively invest in your CPF SA through voluntary top-ups is a multi-faceted one, requiring careful consideration of its benefits and limitations.
According to the CPF Board, transferring savings from your Ordinary Account (OA) to your Special Account (SA) can help you grow your retirement funds faster due to higher interest rates. So, can you top up SA with OA? The short answer is yes, but only under specific conditions and with important considerations.
According to the CPF Board, employers are required to pay CPF contributions for Singapore Citizens and Permanent Residents earning total wages of more than $50 per month. This guide delves into the details of what is the minimum salary to get CPF, particularly its significance for building long-term financial security for seniors.
