Have anyone plan for you retirement?
How much are you planning for your retirement?
How are you going to do it?
SINGAPORE EXPATS FORUM
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Retirement Planning
- sundaymorningstaple
- Moderator
- Posts: 39770
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
Hi Jorden,
It is always good to start planning for retirement early rather than late if you comprehend the concept of compounding.
Advisers generally advocate a mixture of endowments, annuities and investments to grow their client's money. However risk profile, budget and investment horizon of the client is taken into consideration before any financial planning is proposed.
It is in your interest to approach a licensed advisor who has access to multiple plaforms so as to compare the different yields and term from different principals. This is better for you than to approach an agent who has limits on his products due to his single principle representation.
Hope this helps.
Good luck.
It is always good to start planning for retirement early rather than late if you comprehend the concept of compounding.
Advisers generally advocate a mixture of endowments, annuities and investments to grow their client's money. However risk profile, budget and investment horizon of the client is taken into consideration before any financial planning is proposed.
It is in your interest to approach a licensed advisor who has access to multiple plaforms so as to compare the different yields and term from different principals. This is better for you than to approach an agent who has limits on his products due to his single principle representation.
Hope this helps.
Good luck.
Planning for retirement is essential for every individual as that's a new phase of life that everyone will embark on.
The earlier you start your planning will reduce the burden of you having the need to pay for the premiums as you have a longer time horizon to make the contribution.
But everyone have very unique different financial health so it all depends on your's to make planning for you retirement.
And as for the amount that you need for planning comes down to factors like: Your monthly expenses that you need for your necessities, the kind of lifestyle that you will like to enjoy when you retire, etc....
The earlier you start your planning will reduce the burden of you having the need to pay for the premiums as you have a longer time horizon to make the contribution.
But everyone have very unique different financial health so it all depends on your's to make planning for you retirement.
And as for the amount that you need for planning comes down to factors like: Your monthly expenses that you need for your necessities, the kind of lifestyle that you will like to enjoy when you retire, etc....
- sundaymorningstaple
- Moderator
- Posts: 39770
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
I basically gave him warning in his first post (tic...toc...) I'm already watching and the first complaint I get from an unsolicited PM from him will result in his instant banning.
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