I confess I get cold feet every time I think about withdrawing a lump sum for investment purposes. My savings are for my old age and for emergencies. My mother’s recent surgery and hospitalization, plus her on-going medical expenses are a grim reminder that it’s always best to be prepared for possible contingencies. My well-meaning […]
STARTING A BUSINESS AFTER RETIREMENT Read More »
The public’s view of retired middle-income professionals is they have unlimited financial resources to live on for the rest of their golden years. After working a good 30-40 years of our lives, retirees like us should have millions in EPF savings, right? Absolutely not! But that’s how investment brokers and mutual fund agents look at us. And that’s why we are a popular
ADDRESSING THE NEEDS OF RETIREES Read More »
“Asia is the epicentre of the ageing crisis.” This was the comment made at a recently concluded conference on retirement planning held in Singapore. The numbers are alarming. By 2050, the world’s over-65 population is expected to treble to one in six people. Asia’s over-60 population will quadruple to 1.2b. That’s the equivalent of China’s
ASIA AT EPICENTRE OF AGEING CRISIS Read More »
Much has been written in the media about General Motors filing for Chapter 11 bankruptcy protection on 1 June. Among the causes that helped topple the once-invincible GM were the pension bond and the retirement-trust obligation. As early as 2002, GM’s pension fund was already US$20m under-funded. GM is not the only one. Across the
BANKRUPTCIES AND BAIL-OUTS BITE INTO OUR RETIREMENT BENEFITS Read More »
“Milk King fights sons for power”. Yet another family feud has made the headlines, and invariably it involves family members fighting over property and inheritance, or as in the case of the ‘Milk King’, squabbling over control of the family business empire. For every case that made the headlines, there are probably tens of thousands
KEEP THAT ROOF OVER YOUR HEAD AT ALL COST Read More »
I stayed up till 4.00am local time to watch the live telecast of the inauguration of the 44th President of the United States of America. Well, the celebration’s over. For President Obama, the real task of governing has begun. How many of his campaign promises will he honour now that he is president? What compromises
PRESIDENT OBAMA’S CAMPAIGN PROMISES TO RETIREES Read More »
