Retirees Unhappy With Declining FD Rates during Covid. What to do?

One thing that Covid has impacted severely is the global economy and interest rates. In Singapore, our fixed deposit rates are closely linked to the interest rates in the United States. We can expect the interest rates to hover just slightly above zero percent for the short and medium term. For seniors depending on fixed deposit interest to make ends meet, this is bad news. Without taking in more risk, what should seniors do?

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The Election is Over and Our Kids Have Grown Up!

As senior citizens, our world view is colored by the many ups and downs in our generation. Our lives center on providing for our family and the future of our kids. We hold dear to the principles of having a good job, a roof over our heads and an education for our children so that they can have a good start in life. Our bread and butter ideas have shaped our expectations from our government and society. One can argue that for the past 50+ years, Singapore has done well by these measures. But then, our kids are growing up in a different society and their life experiences demand more. I think we should listen.

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ALERT: Study Shows That Fatality Rate of COVID-19 is BAD NEWS For Seniors

SINGAPORE – March 6, 2020

We are several months into the epidemic and are now able to get fairly reliable data on COVID-19 based on China’s reporting. A team of international experts from WHO were dispatched to study the disease and what they learnt is bad news for seniors. COVID-19 seems to be much worse for the elderly and their risks increases significantly above 60 years old. See the WHO “Report of the WHO-China Joint Mission
on Coronavirus Disease 2019 (COVID-19), 16-24 February 2020″.

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COVID-19 Virus: Decisive Government Actions Made the Difference in Singapore

Feb 25, 2020: OPINION

Just slightly more than a week ago, Singapore was in the unenviable position of having reported the largest number of COVID-19 cases outside of China. Just yesterday, we had our first day with zero reported case. While it is not a ranking contest, Singapore’s total infection has stabilized and our country in no longer at the top of the list. Maybe it is too premature to claim any sort of victory, but with almost a month into this nightmare, I feel it is a good time to recognise and thank our government for their decisive action to stem the spread of this virus in our community.

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Covid-19 Virus – Time to Make This Personal

This is very serious and you should take this personally. The Wuhan virus is now a global emergency as declared by WHO and in Singapore, we are now at the second highest alert level. Yesterday evening, Singaporeans are now worried enough that supermarkets saw significantly elevated buying of essential food supplies and in several major NTUC outlets, even leaving the shelves bare. Forget about the hype and fake news, here is why you need to start taking this personally – if you have not yet!

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Elderly are more vulnerable to Covid-19 Virus

Latest Update Jan 31 2020 6:25PM SGT

As reported in Strait Times website: “All travellers arriving from mainland China who had been there in the past 14 days, as well as anyone with a China passport, will be barred from entry or transit in Singapore, as the nation ramps up measures to keep the Wuhan virus at bay. The new measures will kick in at 11.59pm on Saturday (Feb 1).”

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Elderly should be aware that most of the deaths in China are “elderly and unwell”, as reported by Business Insider Singapore, noting however a recent victim was 36-years old. Given the reporting, it is important that seniors, especially those that have other ailments and chronic diseases, are aware that they are at risk and more susceptible. Here is what we know so far as of January 31 2020.

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Lessons in Democracy from the US Impeachment — for Singaporeans

Commentary

The world is watching anxiously as the US begins the trial of President Trump in the Senate following his impeachment by the House of Representatives. While the US Constitution provides for the impeachment and removal of a sitting president for “Treason, Bribery, or other high Crimes and Misdemeanors”, it is nonetheless an extremely serious and solemn process that can inflict deep divides in the country. In understanding what is happening in the United States, there are 4 things that Singaporeans should learn.

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Mental Health is as Important as Physical Wellbeing in Ageing

Mental wellness is as important as your physical health in navigating the ageing process. We often focus on taking care of our physical self but neglect mental wellness. Our mental health is all about happiness and the way be think and feel about life. A short booklet from the UK Mental Health Foundation entitled “How to Look After Your Mental Health in Later Life” is a great read – download here. Here are 10 ways listed to help you stay mentally healthy.

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Singapore, thank you for 2019 …

As we edge closer to the countdown to 2020, as Singaporeans, let’s take a moment during our holiday festivities to give thanks for 2019. At the start of year, there were a lot of worries about an increasingly fragile global economy which Singapore depends to be successful and the many growing geopolitical concerns that can hurt us. But thank God, 2019 turned out to be a good year. And there are many things to be thankful for!

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Why the 99-Years HDB Lease Is A Good Idea.

COMMENTARY

Most Singaporeans will be wondering if the author is perhaps clueless or just simply parroting the party line. The answer is neither. Since Singapore as a country will always be land scarce, the government’s housing policy will have the greatest impact on every Singaporean’s quality of life – now and generations to come. And for that reason, I believe the 99-years HDB lease policy should stay. Here’s why.

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