My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 60, wife is 53. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you talk about how to earn passive income online and retire comfortably, let’s say $1M.

@christopherherbert2407

4 ай бұрын

consider financial planning.

@georgeearling905

4 ай бұрын

I totally agree, I'm 60 and newly retired with about 1.2 million outside retirement funds, no debt, and very small dollars in retirement funds compared to my portfolio balance over the past 3 years till date. tbh, the role of the invt-advisor can only be overlooked, not denied. just have to do your research in finding a reputable one.

@DanielChai-ex3hu

4 ай бұрын

Do you mind sharing your advisor ?

@georgeearling905

4 ай бұрын

Nathan Travis Cook

@georgeearling905

4 ай бұрын

Most likely the Internet is where you’ll find his info.

Sure, you can put more money into the retirement amount but even though the retirement account earns the 4% interest. When you are in 65yo (latest at 70yo), you join CPF Life automatically. When you pass away, this interest is not withdrawal for your beneficiaries. The interest is pooled for the others who are in CPF Life. If you live a long life, the amount of extra money you put into your RA (like Enhanced 3x or 4x), could have earned more interest in other products, which is available for your beneficiaries or your own use. So, consider what you need and can do with your funds carefully.

Wow! PAP has proven itself to be the only responsible and reliable party in s'pore.❤❤

@MKiurinuRigold

4 ай бұрын

from what I have seen people tend to use what money they have and they end up having lack of money for retirement Don’t say retirement at age 55 they have no savings however lots of debts

@schadenfreude6274

4 ай бұрын

Yes I agree. PAP is really good. I hope they increase the current FRS limit even higher so that people will have less money into their OA when they reach 55. 🙂

@tanpengjoo7205

2 ай бұрын

No point keep topping peanuts but keep delaying our local breed own whole-life hard-earned stressed n sweat c p f money that are ours not payment from social welfare. We planted hard are for our own fruits not for government to keep our fruits and tell us when we can eat our fruits until all rotten.

Seniors between 55yrs and 65 yrs might be thinking of shifting funds out of CPF. Seniors are vulnerable to scams and may not be investment savy. Recent headlines involving seniors is heart breaking. The prospect of them earning back retirement funds lost to fraudsters is bleak. Imagine scammers on stand by mode and policy makers thinking not my responsibility.

@schadenfreude6274

4 ай бұрын

I hope they increase the current FRS limit even higher so that people will have less money into their OA when they reach 55. 🙂

@ClaraFlater_than_surface_board

4 ай бұрын

You obviously don't know how CPF works​@@schadenfreude6274

It seems everytime a major CPF policy change results in making it worse for contributors. There is no guarantee all the options Lorna listed down are still valid in the future.

This documentary is beneficial To me I learn something new

Retirement planning is very important in our world, funny how in some parts of the world, you need over a million dollars to retire comfortably

@RebeccaRyan-xd9oi

4 ай бұрын

Wow, thats an outrageous amount. I've been retired for three years now, and I'm only 45 years old, thankfully i met a friend Katherine c boone, who happens to be a financial consultant, she offers excellent investment plans.

@RachellGroth

4 ай бұрын

How is that possible!!,because the approved retirement age is 65 here in the US

@RebeccaRyan-xd9oi

4 ай бұрын

Well I have Katherine C Boone managing my portfolio. Her trading calls have been incredibly profitable."

@RachellGroth

4 ай бұрын

Katherine C Boone? I've heard of her. I just did a little research and found her. I'm planning to schedule a call with her soon, seems she is a professional 0:27

@RebeccaRyan-xd9oi

4 ай бұрын

Yes ,Katherine! I started working with her last year , and my portfolio has seen a noticeable increase. Her expertise is remarkable, i would recommend her to anyone , just look her up

Wow, everything is good and correct.

So, always good? Before the SA removed is Good and After its removed still Good. Singapore is the very the amazing bo bian ones lehz🏆🏆🏆🏆🏆

Can we withdraw our medisafe account.I have never use up my medisafe at all.Im now almost 70 this year.I hope to enjoy my money before end of my life.

I learnt something new about Alibaba tactics

talk talk talk.... should have use more infographics to explain these 4 cookie jars and whatever levels of $$$ that is supposed to be inside each of them..

Great sharing👍🧡💕🔔🔔👈

Been watching some of these videos incl the above by CNA but none are mentioning, how all these changes helping fellow Singaporean's living abroad? 1) S'porean's are not benefitting the special grants just because they're residing abroad, but we're S'poreans. So the govt don't NEED to give us these benefits? 2) How abt S'poreans who don't own any properties & residing abroad permanently? 3) At 55, all we can withdraw is 5k. How abt the usage of Medisave for all those living abroad and again for those who don't own any properties in S'pore & having a Medical Condition and /or life threatening and not able to work? We can only use it in S'pore? How is it right for a S'porean living abroad? Can CNA or any one shed some light here for the benefit of those 55 and above, living overseas? Thank you.

It still cannot see the reason why it failed.

@schadenfreude6274

4 ай бұрын

Yes agree. I hope they increase the current FRS limit even higher so that people will have less money into their OA when they reach 55. 🙂

Sugar coated

Hopefully they increase the current FRS limit even higher so that people will have less money to move into their OA when they reach 55. 🙂

“Sweetener” with MOVABLE goalpost..mai lah mai lah

I will let my SA stay in OA next year, withdraw when it is needed. At age 57 (2025 June), I prefer to live with a simpler life.❤

@anhoi6969

4 ай бұрын

Problem is, inflation rate is higher than 2.5% every year. That means your money left in OA is actually losing its purchasing power over the long term.

@kcchiew4247

4 ай бұрын

@@anhoi6969 Should be fine. I got RA for retirement, MA for medical and OA as emergency fund if I am out of job. My OA+SA is more than RA right now.

@LonganLee

4 ай бұрын

​@@anhoi6969 Ya, my hawkers inflated the prices by not 1% GST hike but 20 to 30%

those in sg better make plan to chao haha i alrd did

cpf shielding is dead

Dawn, what compels you to be so?

CPF losing money cant afford 4%

Stop listening to the so called experts or vultures.

@eugeneteo9664

4 ай бұрын

especially those financial cum insurance agents.

Cpf goal post forever changing with never ending lame excuses 😅😅😅

Pap is a self serving gov

The PAP is slowly losing its relevance as the party that built Singapore a long 60 years ago.

@schadenfreude6274

4 ай бұрын

Don't talk nonsense. PAP is our Saviour. Right now we need PAP more than ever. There is no need for Noisy Oppositions at all in Singapore. 🙂

@LeeSkJohn-sv8wi

4 ай бұрын

​@@schadenfreude6274you meant Singaporean seniors do not know how to manage their own money ?😂

Just wasted 8 mins of my life