Getlittlerich

CPF SA Account Closure at 55: Impact and Options for Singaporeans CPF SA Account Closure at 55: Impact and Options for Singaporeans The Singapore government recently announced that the Central Provident Fund (CPF) Special Account (SA) will be closed for members who are 55 and above. This change is set to take place in 2025. The SA savings will be transferred to the Retirement Account (RA) or Ordinary Account (OA). The Impact of CPF SA Account Closure This move is expected to "tidy up" the system and also shut down a little-used "shielding" hack that allowed some CPF members to earn a higher interest. The "shielding" hack refers to a strategy where CPF members transfer their OA savings to their SA to earn a higher interest rate before they turn 55. Options After CPF SA Account Closure With the closure of the SA, CPF contributions that go to the SA currently, as well as any increase in CPF contributions a...

CSPX vs VOO: Unveiling the Best ETF for Non-US Investors in 2024 Comparing CSPX and VOO for Non-US Investors: A Deep Dive into Fund Fees and Tax Implications When it comes to investing in ETFs, two popular choices often come up: the iShares Core S&P 500 UCITS ETF (CSPX) and the Vanguard S&P 500 ETF (VOO). But which one is the better choice for non-US investors? Let's break it down. Expense Ratios: A Closer Look First, let's talk about expense ratios. This is the annual fee that all funds or ETFs charge their shareholders. It's expressed as a percentage of your investment. For CSPX, the expense ratio is 0.07% , while for VOO, it's slightly lower at 0.03% . So, if you invest $10,000 in each fund, you'd pay $7 in fees for CSPX and $3 for VOO. Not a huge difference, but still something to consider. The Dividend Dilemma Now, here's where things get interesting. Both CSPX and VOO are accumulative funds...