Singapore Budget 2024: The End of Special Accounts and Its Impact on You | The Investing Iguana 🦖

The Investing Iguana
02-18

🟩🟩 In this enlightening video, Iggy from the Investing Iguana delves into the significant changes announced in Singapore's Budget 2024, focusing on the impactful decision to close Special Accounts for those aged 55 and older within the Central Provident Fund (CPF) system.

🟩 As Singaporeans navigate through the nuances of this policy shift, Iggy breaks down the complex information into understandable insights, explaining how the closure works, its rationale, and the broader implications for your retirement planning and investment strategies. With a keen eye on the reactions from the online community and expert opinions, this video is a must-watch for anyone looking to understand the future of CPF savings and how to adapt to these changes for a secure financial future.

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🟥 Remember, always conduct your own research and consult a financial advisor before making any investment decisions. Happy investing, and see you in the next episode!

Budget 2024: Can $400 Ease Your Living Costs?
A Cost-of-Living Special Payment will be provided to eligible Singaporeans in September 2024, ranging between $200 and $400 in cash. A survey conducted by Milieu Insight revealed that 62% of the 1,002 respondents felt that the government's latest budget measures were insufficient to help them cope with the rising cost of living. ----------------- How do you view? Are you eligible for the special payment?
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