Using Insurance to Supplement Retirement Funding Needs
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 […]
What Is Estate Planning?
What Is Estate Planning? Estate planning is the process of planning how you want your estate (i.e. all the assets you have at the point of death) to be distributed after your death. The term ‘estate’ refers to a person’s net worth during his/her lifetime and extends into the posthumous phase. It includes the aggregation […]
A Lasting Power of Attorney Can Save Much Agony
A Lasting Power of Attorney Can Save Much Agony Wealth distribution (Estate Planning) is an important component of comprehensive financial planning. The intentions of how one’s assets are to be distributed are captured in legal structures like Wills and Trusts. In addition, I would advise clients to consider putting in place a Lasting Power of Attorney […]
9 Ways To Tackle Inflation
9 Ways To Tackle Inflation Though the statistics for November 2017 Consumer Price Index reports inflation at less than 2% (source: Singapore Department of Statistics), inflation is here to stay and it has a direct impact on our purchasing power and hence, our current and future lifestyle. Singaporeans who are uncomfortable taking financial risks and […]
Can InsurTech Replace Financial Advisers?
Can InsurTech Replace Financial Advisors? The article “The Incumbent vs the Disruptor: How Much Has Changed?” published in the Asian Insurance Review dated September 2017 was an interesting read. It explores the idea of whether InsurTechs will replace face to face selling. Based on the current offerings by InsurTech platforms in the insurance industry, Mr Poh, […]
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 3
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 […]
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 2
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 […]
Secure A Comfortable Retirement by Avoiding These 12 Mistakes – Part 1
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, […]
9 Tips for Smart Spending During the Holidays
9 Tips for Smart Spending During the Holidays It’s the year end holiday season once again! Time for celebrations and gifting friends and family. Before the joy of giving turns into a financially stressful situation for you, why not invest a little time to plan your spending? Having that clarity will allow you to make […]
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 yourself […]