Welcome back to Retire Rich Weekly! This week, we’re diving into the world of Singaporean investments, exploring opportunities for both stability and higher yields. We’ll also be taking a look at the surprising price drops hitting luxury properties at Sentosa Cove. #1. Seeking Stability? Invest in the Upcoming T-Bill Auction Attention all T-bill lovers! The Monetary Authority of Singapore (MAS) is holding an auction for a brand new 12-month Singapore T-Bill (Treasury Bill) on Thursday, April 18th, 2024. T-bill is a low-risk, government-backed security to help you boost the stability of your r ..read more

Staying informed about your finances is crucial, especially in today’s ever-changing economic landscape. This blog post, brought to you by Retire Rich, your guide to navigating Singapore’s financial terrain, highlights three key developments this week that can impact your money: Let’s start. #1. File Your Taxes on Time (The Deadline is Approaching!) With the tax filing deadline for the Year of Assessment (YA) 2024 fast approaching, don’t miss out! Here are the key deadlines to keep in mind: Electronic Filing (e-Filing): April 18th, 2024 (Recommended and most convenient) Paper Filing:&nb ..read more

Calling all aspiring financial gurus and curious minds! Are you ready to step into a world of hilarious economic manipulation and strategic investment? Join us for an epic Wongamania Game Day! Remember the fun of learning with the CASHFLOW Game with us? We want to take a step further. We are organizing a new board game session that makes learning about finance a side-splitting good time. Here’s why you should join our upcoming Wongamania session: What is Wongamania: Banana Economy? Forget fancy suits – in Wongamania, you’ll become a big shot in the Banana Republic. Here, you’ll use your smart ..read more

When was the last time you heard the terms “1M65” or “1M55” thrown around in retirement planning discussions? Or perhaps, the buzzword “CPF Shielding” used to dominate conversations among friends? Well, it seems like those days are over with the recent announcement of the Special Account closure in Singapore’s Budget 2024. As you may have heard, significant changes to Singapore’s Central Provident Fund (CPF) system were unveiled during Budget 2024, causing quite a stir. Amidst the complaints, grievances, and misunderstandings flooding internet forums, I’ve decided to write this article. As a ..read more

Welcome back to our Weekly Market Wrap-up, your go-to source for the latest financial insights and market happenings. Our Weekly Market Monitor provides topical commentary on the financial markets, highlighting a chart of the week and upcoming key economic events, in addition to a review of performance across asset classes and sectors. Here are the money movements that you should pay attention Fed Rate Cut Expectation and Stock Market Rally Market optimism is high, assuming the Federal Reserve has concluded its aggressive interest rate hikes, leading to a surge in stock and bond markets. Howev ..read more

Welcome back to our Weekly Market Wrap-up, your go-to source for the latest financial insights and market happenings. Our Weekly Market Monitor provides topical commentary on the financial markets, highlighting a chart of the week and upcoming key economic events, in addition to a review of performance across asset classes and sectors. Let’s dive into the nitty-gritty of what’s recently shaken up the financial world. Fed Rate Rollercoaster So, the Fed kept the benchmark federal funds rate steady between 5.25% and 5.5%, déjà vu from the last meeting. But this time, the market threw a little par ..read more

TD Ameritrade Singapore, with a good trading platform known as thinkorswim, has made a significant announcement that has caught the attention of retail investors. Starting in December 2023, TD Ameritrade Singapore will shift its focus to serve accredited investors exclusively. In this article, we’ll delve into what this means for retail investors, whether there’s anything you can do following TD Ameritrade’s decision, and explore alternative brokers in Singapore you can consider if you were a fan of TD Ameritrade (especially its thinkorswim trading platform). What Happened According to The Bus ..read more

Achieving financial freedom and securing your retirement largely depends on building a portfolio of income-generating assets that provide a steady stream of passive income. A low-cost income investment portfolio is an essential component of retirement planning. Among the investment options available to strengthen your income portfolio is the Singapore Savings Bond (SSB), which offers increasing interest rates with virtually no risk of capital loss, making it a compelling alternative to T-bills. Additional reading: 4 Cash Alternatives to Invest in for Retirement When the Stock Market Is Volatil ..read more

At SGMoneyMatters, we are dedicated to assisting you in making informed financial decisions, ensuring wise investments, and planning for your retirement with finesse. Here are the topics for this week: The surge of US long-term Treasury yield and its impact. TD Ameritrade pulls out of Singapore and its alternatives. Will and trust: Upcoming legacy planning workshop. Let’s dive in. #1. US Long-Term Treasury Yield Hits New High The 10-year US Treasury yield has surged to an impressive 4.8%, marking a 16-year high and reaching levels last witnessed in 2007. This surge aligns perfectly with my e ..read more

When it comes to estate planning and wealth transfer, most people immediately think of drafting a will or Lasting Power of Attorney (LPA). It’s a natural first step as a will details how your assets are distributed after you’re gone. However, there’s an equally crucial component that deserves just as much attention: trust. In this article, we’ll explore why trust matters, scenarios where it shines, and the profound emotional impact it has on your loved ones. What is Trust? At its core, trust is a legal and financial arrangement that allows you to transfer assets like property, investments, or ..read more