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  2. Central Provident Fund - Wikipedia

    en.wikipedia.org/wiki/Central_Provident_Fund

    The OA and SA is combined to form the Retirement Account (RA) when one turns 55. The RA is used to meet basic needs during old age. The CPF savings earn a minimum interest of 2.5% for OA and 4% for other accounts. In addition, the first $60,000 in the combined CPF balances, with up to $20,000 from the Ordinary Account, will earn an extra 1% ...

  3. Mandatory Provident Fund - Wikipedia

    en.wikipedia.org/wiki/Mandatory_Provident_Fund

    The Mandatory Provident Fund ( Chinese: 強制性公積金 ), often abbreviated as MPF ( 強積金 ), is a compulsory saving scheme ( pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved private organisations ...

  4. Defined contribution plan - Wikipedia

    en.wikipedia.org/wiki/Defined_contribution_plan

    A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.

  5. 5 Things To Do To Catch Up on Your Retirement Savings Fast - AOL

    www.aol.com/5-things-catch-retirement-savings...

    5 Ways To Grow Your Retirement Savings Quickly. Get a financial advisor. Fund a variety of individual retirement accounts, or IRAs. Maximize your 401 (k) or 403 (b) employer contributions. Build a ...

  6. Top 4 retirement worries — and how to best deal with them - AOL

    www.aol.com/finance/top-4-retirement-worries...

    Long-term care expenses. The inability to pay for long-term care is another major retirement concern, since seven out of 10 people will require this care at some point during their lifetime ...

  7. OCBC Bank's customers can now make direct CPF top-ups - AOL

    www.aol.com/news/ocbc-bank-customers-direct-cpf...

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