CPF & YOUR RETIREMENT
FORUM 2021

Speaker

Ms. Lorna Tan
Head of Financial Planning Literacy
DBS Bank Ltd

Synopsis

Why is estate planning an integral part of financial planning and why does it matter when it comes to retirement planning? Nobody knows when their time is due and while having an estate plan might not seem urgent, preparing for the inevitable should not be delayed. Gain an understanding of the respective instruments of Estate Planning versus Retirement Planning.

Speaker

Ms. Georgina Gao
Assistant Director, Outreach and Partnership
Central Provident Fund Board

Synopsis

What should you do to be better prepared for your desired retirement lifestyle? Do you know enough about CPF LIFE to reap its benefits? Gain a deeper understanding on how to make your CPF nomination online.

Speaker

Ms. Ooi Sen Tee
Relationship Manager
PreceptsGroup International Pte Ltd

Synopsis

Learn about applying the concepts of Trust to protect your loved ones from undesirable situation when they receive your CPF savings. Find out how you can safeguard your CPF savings for your beneficiaries, to ensure providence to the vulnerable and to better manage your inheritance after your passing. Go beyond nomination for flexible distribution, to give to the loved ones, at the right time, for the right purpose.

Speaker

Mr. Salim M. Amin
CEO
Avallis Financial Pte Ltd

Synopsis

Learn how Annuity and 3 Generations Plans can boost your retirement to provide for better quality of life and even take care of loved ones after one's passing. Does policy financing improve yields and how can plans such as 3G Savings and Annuity Plan be used as estate planning tools?

We will be back at 12:55 PM sharp!

Speaker

Ms Roseline Fong
President
Financial Planning Association of Singapore

Synopsis

With the development of the gig economy, more and more percentage of the working force might be taking on jobs that are less consistent and end up as self employed. From freelance designers, website developers and programmers, grab delivery persons, this group of persons can be very vulnerable for lack of planning for their retirement.

What are the CPF Schemes for such persons? Should such persons contribute to their CPF? If so, how so? Will it be better to contribute to their CPF versus saving through other means? Will there be better creditor protection through the CPF contributions?

Speaker

Mr. Michael Borchert
Executive Director
Avrio Wealth Pte Ltd

Synopsis

When will Foreigners receive CPF monies?
What happens to Foreigner's CPF monies? Can they keep the monies with CPF even if they leave Singapore permanently?
When and if they can withdraw their CPF?
Will the Foreigner’s CPF be distributed according to laws of their countries or according to Singapore laws?

Speaker

Ms. Lim Kim Hong
Sole-Proprietor
Kim & Co

Synopsis

What are the financial implications brought about by a divorce when a marriage does not work out? Your existing CPF Nomination still stands but what are the CPF Savings components part of in divorce proceedings? Will a property paid primarily using CPF monies be part of the divorce proceedings? Can a housewife request for division of their spouse's CPF as part of the division of matrimonial assets? Will CPF savings be part of a divorce proceedings?

Speaker

Mr. Ku Swee Yong
CEO
International Property Advisor Pte Ltd

Synopsis

All CPF members can buy a local property using CPF monies, provided the property has a remaining lease of more than 20 years. Many young couples also continue to tap into their CPF Ordinary Accounts for monthly payments after their property purchase. How would this impact your retirement plans over the years? A comparison is made between a couple who uses cash and a couple who maximises the CPF OA usage. Is using your CPF monies to pay for your mortgage still a winning strategy?

Speaker

Ms. Ng Waimun
Senior Assistant Director, Public Trustee’s Office
Insolvency & Public Trustee’s Office

Synopsis

The Public Trustee's Office under the Ministry of Law plays the crucial role in distributing CPF money of the deceased when there's no valid CPF nomination, and in holding the monies in trust for minors who are chosen to receive the CPF money.

Do you know what will happen to your un-nominated CPF monies if there is no lawfully entitled beneficiary under the Law? Learn how these monies will be distributed under the Intestate Succession Act (for non-Muslims) and the Administration of Muslim Law Act (for Muslims).

Speaker

Mr. Loo Cheng Chuan
Founder
1M65 Movement

Synopsis

Is accumulating $1m in CPF account a myth or reality? Can one really retire purely on CPF monies? What can an average Singaporean do to build up the nest egg for comfortable retirement lifestyle? The Founder of 1M65 Movement ($1 Million By 65 Years Old) will be sharing on CPF investment strategies that are helping many Singaporean couples become millionaires at retirement. Adopt good personal finance virtues through 1M65 founder Loo Cheng Chuan.

Speaker

Ms. Lena Teng
Head of Solutions
MoneyOwl Pte Ltd

Synopsis

Understand your retirement expenses by having a thorough review of your plan on 'the longest holiday of your life'. It should take into consideration retirement expenses and also inflation. Gain insights on how you can leverage on CPF Life to be a Safe Retirement Income Floor and build an additional stream of income on top of it.

Speaker

Mr. Samuel Rhee
Co-Founder and Chairman
Endowus

Synopsis

Invest better to live easier today & better tomorrow. Are investments only for risk-takers? How can one invest better to live easier today and better tomorrow? CPF Board already provides high returns for CPF members, but should I — and how do I — grow more money in my CPF accounts to secure my retirement nest egg? Can I trust a Robo advisor to do the job?

Speaker

Mr. Leong Mun Kid
Resident Manager
Precepts Trustee Ltd

Synopsis

The use of trust in estate planning is often misunderstood as the sole province of the well-heeled in society. On the contrary, trusts are in fact useful tools for even the average families who want to avoid risks or stretch the inheritance over a longer period of time. Our unique Standby Trust is a dormant trust with very low cost and it offers a peace of mind that a plan is in place to manage and distribute the assets. For financial advisers, the use of a Standby Trust can open more conversations.

Speaker

Mr. Christopher Tan
Founder & CEO
Providend

Synopsis

Should one buy an insurance saving plan or top up their CPF accounts? That is the most common dilemma on getting better returns. There are also areas where could be better understood before making that decision. What are some of the areas to pay attention to on leaving a legacy through either options.

Speakers

Mr. Low Ee Meng Isaac
Principal Partner
Avallis Financial Pte Ltd

Ms Charmaine Leung
Managing Director, Community Chest
and Group Director
National Council of Social Service

Mr. Alan Wong
Principal Consultant
W3 Consultancy Pte Ltd

Mr. Alfred Chia
CEO
SingCapital Pte Ltd

Synopsis

Do you have a retirement portfolio strategy to support your retirement lifestyle needs? What would you put in your egg basket? What happens when one spouse passes away? Should the surviving spouse's retirement needs be prioritized over distribution to children? How can your remaining CPF Monies be used for charity and philanthropy purposes? What are the various manner of gifting for charity that one should consider in their estate plan?