Karen Tang, CFP®: Certified Financial Planner in Singapore

Retirement Planning

Using Insurance to Supplement Retirement Funding Needs

I came across an article titled “Growing Your Wealth With Insurance” in the Business Times on 3 March 2016. This article is another timely reminder for us all to ensure that we have given due attention to retirement planning. The topic of retirement planning never goes ‘out of fashion’. Why? Because, at the end of …

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Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 3

Retirement Planning Mistake #9: Investing Too Aggressively – Or Not Aggressively Enough Invest too aggressively and you could end up losing all your hard earned savings. Invest too conservatively and your money dwindles in value because of inflation. Consider your risk profile and investment time horizon to retirement and achieve sufficient diversification. The average cost of …

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Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 2

Retirement Planning Mistake #5: Underestimating Health Care Costs It takes just one serious health crisis to severely drain you of your finances. Going into debt because of health care expenses is certainly something we want to avoid at all costs. When creating your retirement plan, it is critical to make provision for these 2 things: …

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Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 1

A well deserved, comfortable retirement is what we all look forward to in our golden years. Needless to say, the stakes are high and any mis-steps along the way can cause our plan to derail – from independence, joy and freedom to poverty, dependence, and penny pinching. For a financially worry-free retirement, you need to …

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Comparison of Retirement Income Plans in Singapore Is Not Quite Accurate

The article titled “Retiring Right … and picking a plan that fits you” published in the Sunday Times Insight Section on 17 April 2016 had shared some information on the various retirement income plans available in the market and how they compared with one another (see table in article). However, I noticed that the parameters …

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