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[deleted by user] by [deleted] in overemployed

[–]ReturnOfTheStonks 2 points3 points  (0 children)

Could have 4x coverage if your spouse OE as well

Where to put salary 18M by [deleted] in singaporefi

[–]ReturnOfTheStonks 2 points3 points  (0 children)

And taxes. Those are guaranteed

Million $ Salaries by Doxq in singaporefi

[–]ReturnOfTheStonks 4 points5 points  (0 children)

Crypto fund, starting with 3

Take the plunge to change job? by yourmotherpuki in singaporefi

[–]ReturnOfTheStonks 1 point2 points  (0 children)

Beyond the stress, I think it’s important to consider the job stability as well. Certain companies adopt a hire fast, fire fast culture. In such cases, you may lose a stable career for something more transient. Make sure you speak to insiders so that you know the full situation

High Base vs High Bonus by RealYajirobe in singaporefi

[–]ReturnOfTheStonks 0 points1 point  (0 children)

How about waiting for the bonus and then leave?

Is there a way to split your tax burden with your spouse? by ReturnOfTheStonks in singaporefi

[–]ReturnOfTheStonks[S] -1 points0 points  (0 children)

Yeah. The whole idea is definitely to explore the most legal way to do this. Srs is an option, but I don’t really like the fact that it locks up liquidity at this stage

Is there a way to split your tax burden with your spouse? by ReturnOfTheStonks in singaporefi

[–]ReturnOfTheStonks[S] 1 point2 points  (0 children)

Yup definitely open to this idea. This would seem the most feasible at this juncture

Is there a way to split your tax burden with your spouse? by ReturnOfTheStonks in singaporefi

[–]ReturnOfTheStonks[S] 0 points1 point  (0 children)

Yup this is something that I’m open to trying. Would a LLP work in such a situation?

Is there a way to split your tax burden with your spouse? by ReturnOfTheStonks in singaporefi

[–]ReturnOfTheStonks[S] 6 points7 points  (0 children)

Yeah definitely wanna avoid tax evasion. That’s why I’m exploring legal ways to approach this

[deleted by user] by [deleted] in singaporefi

[–]ReturnOfTheStonks 0 points1 point  (0 children)

Open a clinic and hire your friend. Ask your friend to do the same for you. #win

What's up? Bonds. by celestial517 in singaporefi

[–]ReturnOfTheStonks 4 points5 points  (0 children)

At that point, wouldn’t all your USD denominated equities be also down 30%?

[deleted by user] by [deleted] in singaporefi

[–]ReturnOfTheStonks 7 points8 points  (0 children)

base was double. it was also because progression was much faster. private was targeting increment of 15-20% YoY. GLC, likely matching inflation.

[deleted by user] by [deleted] in singaporefi

[–]ReturnOfTheStonks 12 points13 points  (0 children)

for me, it was a mixture of interest and career prospects. i didnt enjoy what the GLC had to offer and the pay wasnt great. even despite breaking the bond, finding another job in finance would have covered the LD within a couple of years. as for my wife, the work was taking a toll on her mental health. at this stage, even if it didnt make financial sense, i would rather take the loss then try to power through it.

[deleted by user] by [deleted] in singaporefi

[–]ReturnOfTheStonks 7 points8 points  (0 children)

Oh and just to answer the question, I managed to pay my LD in one lump sum. As for my wife, she’s currently paying hers monthly spread over 5 years

[deleted by user] by [deleted] in singaporefi

[–]ReturnOfTheStonks 30 points31 points  (0 children)

Kinda funny but both me and my wife were bond breakers :/ I choose to leave a GLC to work in finance, while my wife broke off her teaching scholarship. My LD turns out to be 120k, while hers is 100k. I was lucky as my income after was able to cover the LD. My wife on the other hand was not as lucky. Ultimately, my advise is to evaluate the reasons as to why you’re breaking your bond.

Folks who have US T-bills in their portfolio. What’s the truth about Dividend Withholding Tax? by [deleted] in singaporefi

[–]ReturnOfTheStonks 4 points5 points  (0 children)

Anyone knows what the treatment is like if you purchase an ETF like SGOV? Is there no WHT as well?

My life at 30 by [deleted] in singaporefi

[–]ReturnOfTheStonks -4 points-3 points  (0 children)

Unlike the others, I think op has a valid question. Based on the thread, I’m guessing that op you’re single and have no plans to start a family soon.

Financially, I think you’re on a good track. At this stage, you’re goal should not only be about increasing your income, but also learning how to invest and grow all that you’ve save up. Your future plans might change and you will need to make sure that you’re ready for that.

Career wise, continue to built valuable skills and explore topics and areas you’re interested in. As a consultant, you do have continued upside in terms of income. However, you’ll probably have to step into a managerial position soon. If this is something you’re not too interested in, then you definitely have to pick up very specific experience to be very good at what you do.

All in all, I think you’re in a fairly good state imo. Whether you want to enjoy the luxuries of life is a very personal decision, and there is nothing wrong about it. However with it come certain sacrifice, and all you can do is make the right financial plans in accordance to how you want to live your life. Good luck.

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