Retire Rich Weekly: The Demise of EC "Flip" Strategy and Upcoming Trust Planning Seminar

Hope you are having a good week. If you have been following the news, you would have seen that the government just announced a major overhaul of the EC scheme on 8 May. The MOP doubles from 5 to 10 years. The Deferred Payment Scheme is gone. And the first-timer quota jumps to 90%. Many Singaporeans I know have been quietly building their financial plans around the EC flip strategy. Buy subsidised, hold five years, sell into the private market, pocket the gain. That plan just changed...