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Insurance offers a very attractive option of buying an insurance called Annuity that pay us a regular sum of money monthly/yearly from age 60 or 62 till our last day with our loved ones. You can invest a lump sum of money into annuity and the insurance company will compute the regular payout. And when unfortunate event happen to you, and the payout you received so far is less than the amount that you have invested in the annuity, the insurer will return the remaining amount with some interest to your beneficiary. However, if you outlive the amount invested, it is a blessing as you will be paid for life. Hence, by investing in annuity, we have no worry of not receiving consistent income for life. Moreover, some annuity declare bonus every year, hence your payout will increase each year to compensate for the inflation. So you get income increment even during your retirement years!

This annuity is really a necessary investment for everyone of us, whether you are single or married.

CPF board will automatically create a CPF Retirement Account once we reach 55 years old. The minimum sum required to be set aside will be deposited into the CPF Retirement Account. CPF will then start the payout from the official retirement age of 62. The payout ends once the full amount is withdrawn.

You may use CPF Retirement Fund to purchase the annuity. For those who cannot resist the attractive interest rate paid by CPF board, you may leave the money in CPF retirement fund to earn the guaranteed 4% interest. However, it is still prudent to use cash to buy a separate annuity policy so that you will still get some payout from the annuity when CPF stops the payment to you.

Supplementary Retirement Scheme (SRS) is a scheme to help the high-income earner to save tax by contributing any amount up to a maximum cap of $11,475 into the SRS account. It also helps to build up your retirement fund. The amount contributed to SRS will be deducted from your assessable income. This works out to be a savings about $1000 if you invest the maximum amount allowed. The capital gain for investing the SRS sum is not taxable. You will be able to withdraw the SRS money from age 62 onwards, the official retirement age when you open the SRS account at any local Singapore bank. And only the 50% of the amount withdrawn are subjected to income tax if the assessable income is above $24k. So you can plan and spread out the withdrawal amount for the next 10 years to minimize the chargeable income tax.

Amount deposited into SRS account can be used to invest anything such as share, unit trust, insurance policy and even fixed deposit. just dont leave the money in the SRS account as it only gives the meager % of interest rate offers by the bank.

posted by 45193  # 2:12 PM 0 comments

The PlayStation 3 (often referred to as the PS3) was meant to be the console of the future, but its release in November 2006 was overshadowed by lateness and rumors on cutbacks made by Sony. It can read the new Blue-ray Disc format, features a special Nvidia RSX video card and includes features such as Wi-Fi internet. Despite these many innovations, sales of the PS3 have been sluggish, as the Nintendo Wii and the Xbox 360 continue to enjoy a larger market share.

Upon its launch, the PlayStation did not come with many of the features that were expected, disappointing many customers. Another disappointing aspect of the PS3 is the removal of the Emotion Engine, which means that games which were released for the PlayStation 2 have to be run using software emulation, causing the loss of several functions for the older games.

Both the Wii and the Xbox 360 have enjoyed immensely popular games released for consoles. halo 3, a first-person shooter game is often credited to having a large part in the success of the sales of the 360. Yet no game for the PlayStation 3 has been released which could provide potential customers initiative to purchase Sony's console.

One of the major obstacles that Sony faces trying to sell its product is the hefty price-tag that comes with the PS3: Sony has charged as much as 600$ for its product. with the Wii costing just 250$, and the Xbox 360 only 350$, the PS3 is a very large investment and not many people are willing to spend that much for a video game console.

Despite the many problems that the PS3 has faced, it still remains a very high quality console. Sony should now spend their efforts on pricing the PlayStation more competitively and launch a large marketing campaign to improve their public image. As more and more games are released for the PS3, it still might be able to make a comeback.

posted by 45193  # 5:01 AM 0 comments