Karen Tang, CFP®: Certified Financial Planner in Singapore

Karen Tang

Critical Illness Insurance is More Crucial Than Ever Before

Should you get criticial illness insurance?

Critical Illness Insurance is More Crucial Than Ever Before Insurance is a great risk management tool that you can get at an affordable price in exchange for the leverage it gives you. Insurance is fundamental in a sound financial plan. The financial burden can be tremendous when unforeseen happens. Your plans and goals can derail …

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3 Things You Should Know About the Changes In Health Insurance from 1 April 2021

Singapore Health Insurance Changes 2021

3 Things You Should Know About the Changes In Health Insurance from 1 April 2021 Health insurance also referred to as hospitalisation insurance, is a fundamental component of any financial plan. Even before buying life insurance, I will always ensure that the client has this in place first. The reason is simple: Hospital bills can …

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Why is it important for women to close the financial literacy gap today?

Women Financial Literacy Gap in Singapore

Why is it important for women to close the financial literacy gap today? Financial literacy is the key to good money decisions.  And good decisions are needed for financial stability and independence which are crucial in Singapore. We are, after all, not a welfare state and we are encouraged to secure our own resources for …

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6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic

6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic Singapore

6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic It has been almost a year since the World Health Organisation (WHO) declared the coronavirus outbreak a pandemic. The pandemic disrupted the way we live, work, and play. And it also gave us new realizations about the state of our financial health.  …

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Is the Supplementary Retirement Scheme (SRS) Worth Your While?

Supplementary Retirement Scheme Singapore

Is the Supplementary Retirement Scheme (SRS) Worth Your While? What is the Supplementary Retirement Scheme? The Supplementary Retirement Scheme (SRS) is a voluntary saving scheme to encourage individuals to save for retirement, over and above their CPF savings. As a sizeable portion of CPF money is often used for the down payment and to service …

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How does CareShield Life affect me? Should I switch to CareShield Life or stay put with ElderShield?

How does CareShield Life affect me?

How does CareShield Life affect me? Should I switch to CareShield Life or stay put with ElderShield? In my previous article, I shared what one needs to know about CareShield Life, especially for those turning age 30 to 40 in 2020. This new and improved national scheme that replaces ElderShield was officially launched on 1 …

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Are you turning age 30 to 40 in 2020? Here’s What You Need to Know about CareShield Life.

CareShield Life Singapore

Are you turning age 30 to 40 in 2020? Here’s What You Need to Know about CareShield Life. The much-awaited CareShield Life is launched today, 1 October 2020. I have been getting some questions about this improved version of the ElderShield plan. And I thought it would be helpful if I could share with you …

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Life Stage Planning – Make Financial Planning Part of Life Planning

financial planning by a CFP in Singapore

Life Stage Planning – Make Financial Planning Part of Life Planning Just like how financial markets fluctuate, your finances and financial needs will also change with time. Fortunately, it is easier to predict the changes in your financial life stages than it is to predict the direction of the markets. Generally, most people pass through …

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How Much Life Insurance Do You Really Need?

life insurance in singapore

How Much Of Life Insurance Do You Really Need? Everyone needs insurance, whether you are a young working adult, a new parent, a homemaker, or a retiree. According to the Life Insurance Association (LIA) Singapore, the mortality protection gap represents the financial gap to cover dependents’ needs such as outstanding mortgage and car loans, children’s …

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