House Democrats Target Biggest Retirement Accounts Once Again – The November 3 version of the Build Back Better Act has resurrected retirement law changes that will curb high balance accounts and popular wealth building strategies including backdoor Roth IRAs and aftertax 401(k) contributions. There’s also a new $2.5 million retirement account reporting mandate, presumably to help the […]
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Retiring with a Car – COE prices end higher in latest tender – Certificate of entitlement (COE) prices ended higher across the board in the latest tender on Wednesday as a double-digit drop in supply of certificates kicked in. Premiums for small cars (up to 1,600cc & 97kW) went up by 1.9 per cent to […]
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SINGAPORE: The retirement and re-employment ages for Singapore workers, will be progressively raised to 65 & 70 years old respectively under the law, to support older Singaporeans who wish to continue working to do so. Manpower Minister Tan See Leng told Parliament on Monday (Nov 1) that these changes will also better prepare Singaporeans for retirement. […]
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EPF – Only 3 percent of contributors can afford their retirement – says Nurhisham Hussein, the EPF chief strategy officer. Covid-19-related withdrawals over the past two years have had a massive impact on the savings of Employees Provident Fund (EPF) contributors. KUALA LUMPUR (Bernama) The EPF chief strategy officer said the Covid-19-related withdrawals, namely i-Sinar, […]
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Relaxing retirement comes from early planning – Retirement is one of those stages in life everyone is aware of but often put aside in the back of their minds. There are numerous reasons why people choose not to think about retirement; perhaps it is a reminder of time and the fleeting nature of youth, or […]
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