Through the Central Provident Fund (CPF) scheme, which the Singaporean government started in 1955, a portion from the salaries of Singaporean employees is collected to be used as savings in the future. When an employee reaches 55 years of age or meets the CPF minimum requirements, he or she can use the sum to purchase life annuity from an insurance company or leave the amount in the retirement account.
Although the initial purpose of CPF scheme was only to provide savings for Singaporean workers to be used after their retirement, the function of the policy eventually developed. Aside from saving for retirement, employees can now use the CPF to pay for a home, provide education for their kids, or even use the money for investment.
Invest Your CPF The Right Way
One of the best things about CPF is that you can use it for several investment schemes. You can use either your Ordinary or Special account for CPF investment. You have to remember though that since you will place your money in another entity, there is no 100% guarantee for success of your plan. If you're not sure about your decision, you can either seek guidance from a financial advisor or leave your savings in your account.
If you are serious about wealth management Singapore financial advisory companies are what you should seek. Financial advisors can offer sound advice on where to invest and how to avoid the risk of losing all your hard-earned money. Through the help of a financial advisor, you can assess what type of investment you have to go into. Aside from this, a financial advisor can help you handle other finance-related matters including insurance. So if you need guidance in insurance planning Singapore financial advisors can be of great help.
Ways To Find A Financial Advisor
If you're a risk-taker, you probably won't have reservations when it comes investing your CPF savings in another entity rather than your account. However, you must not always be complacent when investing your money, especially without a professional financial advisor on your side. A financial advisor can help you decide on CPF investment including its risks and opportunities.
You can use the Internet to search for a reliable financial advisory company that can provide you with skilled financial advisors for your CPF investment plan. Choose someone who has had a long experience in finance and investment, but you also have to make sure that the financial advisor you choose must have provided favorable results to his or her clients.
Although the initial purpose of CPF scheme was only to provide savings for Singaporean workers to be used after their retirement, the function of the policy eventually developed. Aside from saving for retirement, employees can now use the CPF to pay for a home, provide education for their kids, or even use the money for investment.
Invest Your CPF The Right Way
One of the best things about CPF is that you can use it for several investment schemes. You can use either your Ordinary or Special account for CPF investment. You have to remember though that since you will place your money in another entity, there is no 100% guarantee for success of your plan. If you're not sure about your decision, you can either seek guidance from a financial advisor or leave your savings in your account.
If you are serious about wealth management Singapore financial advisory companies are what you should seek. Financial advisors can offer sound advice on where to invest and how to avoid the risk of losing all your hard-earned money. Through the help of a financial advisor, you can assess what type of investment you have to go into. Aside from this, a financial advisor can help you handle other finance-related matters including insurance. So if you need guidance in insurance planning Singapore financial advisors can be of great help.
Ways To Find A Financial Advisor
If you're a risk-taker, you probably won't have reservations when it comes investing your CPF savings in another entity rather than your account. However, you must not always be complacent when investing your money, especially without a professional financial advisor on your side. A financial advisor can help you decide on CPF investment including its risks and opportunities.
You can use the Internet to search for a reliable financial advisory company that can provide you with skilled financial advisors for your CPF investment plan. Choose someone who has had a long experience in finance and investment, but you also have to make sure that the financial advisor you choose must have provided favorable results to his or her clients.
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