The Top 4 Priorities in Every Single Woman’s Financial Planning
The Top 4 Priorities in Every Single Woman’s Financial Planning In my decade long experience as a comprehensive financial planner, I have had the privilege to serve a number of single women professionals who are highly driven and successful in their careers. I have come to appreciate the fact that single women have needs, financial […]
Financial Planning for Women in Singapore
Financial Planning for Women in Singapore The Straits Times article “Why Women Need to Focus on Financial Planning” published on March 4, 2018 reiterated how important it is for us women, whether single or married, younger or older, to be in charge of our own finances. Budgeting, cash flow management, retirement planning, being adequately protected […]
Investment Linked Products (ILP) in Singapore – A Ticking Time Bomb!
Investment-Linked Insurance Plan: A Ticking Time Bomb! The Straits Times article “Insurance ‘Time-bomb’ Set To Explode, Investment-linked Policies Incur Rising Costs Which Buyers May Not Be Aware Of” published on February 12, 2005 never quite left my mind. The headlines immediately caught my eyes back then, before I entered the Independent Financial Advisory (IFA) industry. […]
ILPs and Escalating Insurance Charges
ILPs and Escalating Insurance Charges I have a handful of clients whom have bought regular premium Investment-Linked Insurance Policies (ILPs). All of them are unaware of the escalating insurance (or mortality) charges as they have never been informed of these charges when they were sold the plans. So, you can imagine the disbelief on their […]
Gift Yourself A Year-End Financial Checkup
Gift Yourself A Year-End Financial Health Check-Up As we start to get busy with the festive preparation, it can be tough to find time to organize and review your financial life. But if not now, then when? It may seem easier to postpone it till the first quarter of the New Year, but your financial […]
Women and Financial Planning: 4 Steps To Mitigate Caregiving Risk
Women and Financial Planning: 4 Steps To Mitigate Caregiving Risk In the past twelve months, I came to know of 4 families who have ailing parents. A common issue faced by the families was who should be the primary care giver and how the financial burden ought to be divided amongst the siblings. The last […]
Banking on Your Employee Benefits Insurance? Think Again.
Banking on Your Employee Benefits Insurance? Think Again Most employees do not pay attention to their employee benefits insurance until a medical claim arises. And there are those who think they have adequate coverage given by the company, without checking exactly what they are covered for. So, does it make sense to depend on your […]
9 Reasons Why We Need A Financial Adviser
9 Reasons Why We Need A Financial Advisor A question that some prospects ask me is: “Do I really need a financial advisor? I think I am quite good with numbers and have jotted down my expenses, assets and liabilities in a spreadsheet. I also read the newspapers and see ChannelNewsAsia everyday so that I […]
The 4 Financial Management Habits That Successful People Practise Faithfully
The 4 Financial Management Habits That Successful People Practise Faithfully What is financial planning? The typical response I get is “Buying insurance and investing to grow my money”. That is somewhat right. You see, before we even delve into risk management or investment planning, the number one thing to determine in your financial planning is […]
Pay Yourself First
Pay Yourself First It’s family before self for most Singaporeans, as this article in The Sunday Times, 29 October 2017 reported. Pay yourself FIRST. Whether you belong to the sandwiched generation or not. This is one of the key principles of personal finance and it has significant impact on your financial future. What does ‘pay […]