All Entries in the "Retirement Planning" Category

Take 5 Minute Quiz & Win iPod Touch 8GB & Asus Eee

Have you heard of IM$avvy, recently heavily promoted in channel 8.  It is a website specially setup by CPF Board and MoneySENSE for Singaporean, to increase their general knowledge about financial planning and products. This is a great information website as most Singaporean are still lacking proper financial planning knowledge and advises.
Currently IM$savvy is running [...]

What Are Annuities?

What is Annuity?
An Annuity is a contract that provides a guaranteed income to the annuitant for life (or a shorter specific period) with income payments made annually, semi-annually quarterly or monthly.
Annuities have sometime been described as the opposite of life insurance because life insurance provides protection against someone dying too soon, annuities provide protection against [...]

The Retirement Planning Process

The Retirement planning process is made up of 6 steps:

Establish Goals
Gathering Relevant Data
Analysing The Data
Developing a Plan
Implementing The Plan
Monitoring The Plan

Let me bring you through the steps and explain how I usually use these steps to help my clients customize their retirement plan.
Step 1 - Establish Goals
Client’s goals vary significantly depending on many factors including [...]

Type of Assumptions Used For Retirement Planning

In retirement planning, there are a number of assumptions that I will  needs to take into consideration as these assumptions will have an impact on the final plan to be recommended to my clients. The assumptions can be grouped into two categories: Qualitative Assumptions & Quantitative Assumptions
Qualitative Assumptions
Qualitative assumptions refer to the type of lifestyle [...]

Alert from CPFB-Get fast cash, high returns with CPF savings?

Alert from CPFB-Get fast cash, high returns with CPF savings?
Dear Sir/Madam,
Be careful! Do not invest based on promises of quick and attractive returns alone.
You are advised to ignore advertisements which tout conversion of CPF into cash. You should invest prudently and consider the suitability of the products according to your own risk appetite and investment [...]

Only 6,000 CPF members signed up for Minimum Sum Top-Up Scheme

SINGAPORE: Over 163,000 CPF members are eligible for the Minimum Sum Top-Up Scheme, but only 6,000 members have signed up for it so far.
Giving this update in Parliament during Question Time on Tuesday, Minister of State for Manpower Gan [...]

Youths learn about retirement planning at dialogue session

he message for young Singaporeans at a dialogue session organised by the People’s Association Youth Movement is that it is better to start saving for retirement now.
But beyond financial needs, another concern is the growing number of single elderly, said the Council for Third Age, an agency championing active ageing.
The Council said the number is [...]