The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back on.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment.Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you've got it all worked out with the firm you work with so i surely wouldn't mind a recommendation.
I've experimented with a few over the past years, but l've stuck with Kathie daisy bosco for about three years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
Unless you are a PR or citizen in Singapore, there is no end game for expats in Singapore thats the reality. Big up to the guest who can afford almost 200k SGD per annum in international school feels. Very impressive
Certainly felt like this guy was holding back on what he actually wanted to say, i guess when it comes to investments, you have to be cautious about what to say, otherwise it may come out as 'financial advice'. I’d have like to know more about the comparisons between HK & SG based on his experience & opinions (e.g. which is better if you want to work in finance), I think that was a missed opportunity. I do agree with his life principle, life is short! How ironic that he is working in such a demanding industry though lmao
An expat is a wrong guy to talk about retirement in S'pore. Unless he is paying into CPF which he doesn't need to. And by not paying into CPF, he can't participate in SRS a/c. An Expat doesn't really connect with the locals. Most expats live the high life in S'pore during their working period. All their living costs like housing, kid's education & transport are being paid by their employer. If they do pay into their pension fund, it would be in their domestic country's pension scheme. Also, they wouldn't invest into S'pore properties as they don't intent to stay or live in S'pore permanently. They come to S'pore as renters.
what you did not mention is that once you want to leave Singapore the government charges you a flat rate 24% on every dollar you withdraw from SRS. This piece of very important information is missing in 99% of the SRS talk
What’s your retirement plan?
There’s more than enough in my CPF 😁
@@bell-xk5ddso wat if u hv 6 digits in ur cpf?
6 digits in exchange for 4 digits mthly instalment or 2 digits daily allowance, and u ok?
@@bell-xk5dd yahooooooooooooo
@@eugeneteo9664
😁 I guess I can speak for most Singaporeans too. This is what our CPF is for, isn’t it? 👍🇸🇬
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back on.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment.Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you've got it all worked out with the firm you work with so i surely wouldn't mind a recommendation.
I've experimented with a few over the past years, but l've stuck with Kathie daisy bosco for about three years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
Not good. Feels more like an infomercial than actual content about expat living. Very unlike other videos, like the Ayam Penyet one
The sad reality is that this “content” helps to pay for the channel?😮
@@getsmartpaul it feels less personal, and I also got the impression he held back from being fully honest.
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Some investments in Singapore, part time teaching online, a successful BnB and three investment properties.
🤙🏻🤙🏻🤙🏻
Unless you are a PR or citizen in Singapore, there is no end game for expats in Singapore thats the reality. Big up to the guest who can afford almost 200k SGD per annum in international school feels. Very impressive
Wouldn’t trust anyone from UBS. lol iykyk
LKY, GIC, 10B. 😂
Wouldn’t trust anyone in finance and banking. They dont create or help creating anything except taking money from you
Nowadays your video is like 80% advertising, 20% Singapore content. Stop using Singapore when there is nothing about it
Certainly felt like this guy was holding back on what he actually wanted to say, i guess when it comes to investments, you have to be cautious about what to say, otherwise it may come out as 'financial advice'.
I’d have like to know more about the comparisons between HK & SG based on his experience & opinions (e.g. which is better if you want to work in finance), I think that was a missed opportunity.
I do agree with his life principle, life is short! How ironic that he is working in such a demanding industry though lmao
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An expat is a wrong guy to talk about retirement in S'pore. Unless he is paying into CPF which he doesn't need to. And by not paying into CPF, he can't participate in SRS a/c. An Expat doesn't really connect with the locals.
Most expats live the high life in S'pore during their working period. All their living costs like housing, kid's education & transport are being paid by their employer. If they do pay into their pension fund, it would be in their domestic country's pension scheme. Also, they wouldn't invest into S'pore properties as they don't intent to stay or live in S'pore permanently. They come to S'pore as renters.
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What can a US person invest in with a SRS? Seems only government bonds...
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Crypto, US stocks, unit trust, ASB & EPF
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Keeping cultivation land with farm house and medium investment in stock market
🤙🏻🤙🏻🤙🏻
REITS! This guys on the clock shilling the garbage he sells at work. Highly unlikely that's a major part of his personal portfolio.
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and where does this guy get the money to do this???
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what you did not mention is that once you want to leave Singapore the government charges you a flat rate 24% on every dollar you withdraw from SRS. This piece of very important information is missing in 99% of the SRS talk
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