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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore. The CPF is an employment-based savings ...
The goal of retirement planning is to achieve financial independence. The process of retirement planning aims to: [1] Assess readiness-to-retire given a desired retirement age and lifestyle, i.e., whether one has enough money to retire. Identify actions to improve readiness-to-retire. Acquire financial planning knowledge.
The retirement age will gradually increase to 62 for males by 2028 and 60 for females by 2035. In 2021, the retirement age is 60.25 (age 60 and 3 months) for men and 50.33 (age 50 and 4 months) for women, the age will be increased by 3 months each year following for men and 4 months for women.
Retirement planning: Key steps Retirement planning is an ongoing process that will need to be updated as your plans for the future change. Here are the key steps to retirement planning.
Planning for retirement can seem complicated, but much of the process often comes down to consistency and having a long-term vision. With a little bit of guidance, you can come up with a plan to ...
What is retirement planning? Retirement planning is the process of preparing and organizing your finances to ensure a secure and comfortable lifestyle after you stop working.. It involves setting ...
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