Savings

WOMAN LOSES LIFE SAVINGS TO JOHOR HOME SCAM

An elderly woman had her life savings wiped out by a home scam in Johor, all because she was approached by a "property agent" in Malaysia and believed that investing in a property there would bring her additional wealth.

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4 OUT OF 5 YOUNG S'POREANS DO NOT HAVE ANY SAVINGS

Survey figures released by EnjoyCompare.com said that most Singaporeans aged between 20 to 35 are one missed payment away from financial ruin. The shocking survey revealed that most people of this age bracket risk losing their homes within 3 months if they were retrenched as they had no savings to fall back on.

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SAF OFFICERS CAN CHOOSE RETIREMENT INVESTMENT RETURNS, WHY CPF MEMBERS CANNOT?

The AGO report certainly shone a light on something very interesting in my view. This is the unauthorised investment of circa $50m in US Real Estate Investment Trust and Exchange Traded Fund. The interesting bit is not the unauthorised investment which is not uncommon in asset management (usually because authorisation is slow in coming) but the Saver Premium Fund, a retirement plan for SAF Officers and Warrant Officers, from which the investments were made. It clearly show our military officers are given the choice and the returns that are denied to CPF members.

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MAN EARNING $12,500 MONTHLY ASKS IF HE HAS ENOUGH SAVINGS

I am 28 years old and I started working at 26 after getting qualified. My starting pay check was 5.2k monthly for 1.5 years before I got headhunted and switched firm half a year ago. The new job started with 11.5k for the first 6 months. My salary just got reviewed and I am currently earning 12.5k this month. How am I doing? Is there a national savings guide on how much one should have saved by 28 (apart from the JP morgan survey). Just looking for mean values across age groups to compare how I fare.

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