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“Average Singaporeans” cannot retire early – findings from OCBC Financial Wellness Index

Reading Time: 12 minutes The “average Singaporeans” cannot retire early… Well… that’s not good. That’s an interesting conclusion that I came to after looking at the results of what OCBC released this past week. (This is not a sponsored post.) On Monday 15th July 2019 OCBC released what they called “Singapore’s First Financial Wellness Index.” The study involved a … Read more

Minimum Portfolio Value for Financial Independence in Singapore

Reading Time: 19 minutes So – if you’re like me – since you’ve learned about this FIRE (Financial Independence / Retire Early) thing, you’ve been super excited to get started. You’re super pumped to plan your savings journey down to the day when you can say “SAYONARA!” to having to work to make a living forever. However, you’re not … Read more

Optimal Withdrawal Strategy for FIRE in Singapore: Using CPF LIFE, SRS and Brokerage Account Together

Reading Time: 15 minutes Why bother thinking about an optimal withdrawal strategy? Well, what’s the point in saving and investing if we’re not going to enjoy the fruits of our labour? Eventually, once we’ve accumulated enough in our retirement accounts to meet our FIRE number, we can pull the trigger and start living off of the income that can … Read more

Dodge income tax (legally) on your path to FIRE in Singapore – Making use of the Supplementary Retirement Scheme (SRS)

Reading Time: 18 minutes Everybody has to pay income tax, but there’s no sense in paying more than you need to. What if there’s a perfectly legitimate way to reduce your tax obligations that is sanctioned by the Singapore government, would you take advantage of it? How would you even start? Well, the Supplementary Retirement Scheme (SRS) is one such way. In this article, I’ll be diving into the details on how SRS works, what you can do with it, as well as an example of how I will be incorporating it into my FIRE plan.

Book Review: Playing with FIRE (Financial Independence Retire Early) by Scott Rieckens

Reading Time: 4 minutes “What are the core tenants of the FIRE movement and how will that help me to retire early?” “What is it like to be on the journey to Financial Independence and what are some of the challenges that I would face along the way?” “I’m on board with the idea of FIRE but where do … Read more