👵 👴 Your golden years may still be a diamond in the rough. Let's chat about everything from government schemes to estate planning, and help you reach that future you deserve.
Conversation in Ready for Retirement
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SRS tax deduction is based on amount placed for the year, inclusive of what you invested for the year or only whats left in your SRS?
Assuming as of Oct 2021, your total SRS contribution for 2021 is 12K, and in Nov 1 2021 you decided to invest it in DBS Savvy 6, will your tax deduction for 2022 will be 12k or just 2k ( balance after you invested 10k)?
I understand that the amount that they eligible for tax deduction is the amount you put in a year before you tax is due. Will they count the ones you invested for that year or just the balance?
Thanks for your input..0
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Planning to retire early
Want to find out what are the various way to build and plan for it, i.e. building a passive income.
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Have 5 minutes? Catch up on these 8 CPF Hacks to Grow Your Nest Egg!
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We've seen a few conversations started by you guys here on the best ways to maximise CPF. Here's a mega cheat sheet for you.
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What is the recommended SRS withdrawal schedule to minimize tax?
There are some considerations as to when and how much we should start drawing on our SRS account - we may still have on going passive income from rental, investment, business, etc. and may incur tax. Is there any tool or advice on this matter?
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How best to juice CPF!
Want to know how best to juice CPF returns! anyone can share their journey?
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Prepare for retirement
How much money you propare for retirement?
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Maximising SA interest
I came across the following article. Would be keen to know your view on this approach. This is especially for those who are about to reach 55 years old.
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Balancing between spending and saving
Hi! Would like to find out here how you parents balance between spending on giving the best to your kids and saving for retirement?
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Tax Relief for topping up your spouse RA
Come across a clause in CPF website stating if you top up your spouse RA and your spouse earned more than $4000 in previous year, you will not be eligible for income tax relief, I don't understand the rationale behind this policy, can someone please to enlighten?
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Any FI/RE walker here?
Planning for early retirement?
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How much is sufficient for retirement?
How do you estimate the amount for retirement? Always have this question if it's too little or too much
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Stock with SRS, Ya or Nah
I'm thinking of casing out unit trust in my SRS and put it into market, better trading with cash or SRS?
Built a port folio with a long horizon (5-10 year) using SRS?0
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