5 Biggest Pitfall to Avoid When Planning for Retirement. While thinking about retirement, one can be tempted to believe in the idea that it’s just a matter of saving for a while and the money will be there when need it. It’s not as simple as that. Experts advise us to plan ahead, estimating what expenses we might have in the coming years. If you’re planning for retirement, here are 5 things you should avoid: (more…)
According to CPF Board, Ministry of Health first launched ElderShield in September 2002. ElderShield was offered to eligible Singapore Citizens and Permanent Residents (PRs) who had a MediSave Account (more…)
Ms Angeline Alexander, head of high net worth and affluent customer segments at Prudential Insurance Singapore, recently spoke to Money FM 89.3 host Rachel Kelly on Prime Time, and explains why the downturn is a good time to take stock. Click on the article below to find out more. (more…)
The government’s circuit breaker measures will start tomorrow. Most shops will be closed, dining establishments which are open will only offer take outs or delivery. Most of us will be working from home while our students will start home based learning the day after.We are entering a very difficult phase. If we cannot flatten the COVID-19 curve, we will end up with DORSCON Red. We do not want that, do we? Please follow the measures so we can overcome this COVID-19 pandemic together. I know it is very difficult but our best contribution in this fight is to STAY HOME. For the elderly, this is most advisable – Senior Minister Goh Chok Tong (06 April 2020)
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Very often financial consultant generally encourage you to set aside 6 months’ worth of your living expenses as a personal and/or family emergency fund, in case unforeseen situation happened in your life. But is 6 months of emergency fund really enough during Covid-19 pandemic? (more…)
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Once I meet up with a prospect who just got married, and so I asked how is marriage life? He gave an unforgettable replies, “do you know what woman and insurance have in common? They are both expensive and difficult to understand.” This is part 2 of the original Top 5 Mistakes When Buying Insurance in Singapore part 1 article on Top 5 mistakes when buying insurance in Singapore. (more…)
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Have you ever heard yourself or heard someone feedback that they had obtain the wrong life insurance policies? I have been in insurance industry for more than 10 years and I had met with many different prospects, heard and handled many objections and reason on why they do not require insurance, this reminds me of a joke; “I was trying to educate life insurance policy to a prospect, and explain the importance in having adequate life insurance coverage, who kept insisting to me that his wife could always get remarried. Finally, I blurted out ‘have you looked at her lately?’ He took the policy …” (more…)
As a parent, have you ever wondered how to educate your children to be financially smart at a young age, and grow up with better money management skills? Would you like to have your children better off with their financial management and understand that money had to be earned and many ways in earning it? Are you aware that these are skills that your children are not being taught in schools, and this is why financial education is an important knowledge to teach your children? Children are fast learners as they are curious in everything. You might be surprise, (more…)