What You Will Learn: 1) Different forms of Income & why most passive income isn’t really passive? 2) Different forms of expenses and how to prevent your expenses from going up? 3) Different types of assets and how much should you allocate to investments? 4) Different forms of liabilities and what are the two hidden liabilities everyone has? 5) Financially free and retirement and … [Read more...]
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Think small, remains small. Think big, achieve big things
Read the below mentioned article on what these students did when they were given an assignment of growing $5 in just two hours. You will be shocked on the creativity these students had. If the students had focus on the small initial capital, they would never be able to make 4000% within 2 hours. Instead, they thought out of the box and saw the big picture. Very often, we focus on what is … [Read more...]
How to enjoy life now and ensure the future is secure?
In my previous article, I spoke another the similar objectives and common errors made by the YOLO and FIRE individuals. The former seeks to enjoy life now without thinking about the future while the later thinks so much about the future but forgetting the present. Hence, I advocated that it is possible to enjoy now and yet has a bright future. To do so, there are three areas that one must do … [Read more...]
YOLO or FIRE? (To enjoy now or enjoy later?)
A survey made by HSBC Financial Fitness Index shows that many are not ready for retirement. The common cited reasons reported by Straits Times are unexpected expenses, unexpected medical expenses, drop in income and unable to have a good retirement due to overspending and lack of investments. As a professional financial practitioner, I have often seen clients who may have very similar financial … [Read more...]
Webinar on: “How to retire 10 years earlier than your current plan?”
The Webinar is over. If you are keen to be inform of the next Webinar, kindly leave your contact using this form HERE You are specially invited to a Webinar on: Topic: How to retire 10 years earlier than your current plan? Speaker: Wilfred Ling, CFA, ChFC Dates (choose one): 18th Feb 2020 (Tues) 7.30pm OR 22nd Feb 2020 (Sat) 9.30am Venue: Over the Internet and at the … [Read more...]
How to Retire 10 years earlier than your current plan
After six years of hiatus in conducting seminar, I decided to give a talk on retirement planning. I am delighted to see so many people came for this talk. What shocked me was the sheer number of friends my clients brought with them. 😃😃 Nearly 70 individuals turn up! Yeah! Different from the past seminars I organised, I had a guest speaker, Mac Woo from Lusi Group, to talk about … [Read more...]
CPF Retirement Sum Scheme
Although CPF Life is compulsory, there are those who will not be automatically enrolled. If your age and CPF Retirement Account meets the following, you will automatically be enrolled to CPF Life. Otherwise, you stay at the Retirement Sum Scheme. What is the Retirement Sum Scheme? Under this scheme, the CPF Retirement Account will be drawndown on a monthy basis starting 65 (the minimum … [Read more...]
Analysis of PruGolden Retirement
One of my client showed me this policy as her friend wanted to prospect her to buy this product. The PruGolden Retirement that was proposed to her was a regular premium retirement product that provides a stream of monthly income starting at the retirement age of 65 years old for a period of 20 years. The PruGolden Retirement’s monthly income consists of $1000 (guaranteed) and $595 … [Read more...]
3 Costly Mistakes to Avoid in Retirement Planning (Facebook Live)
Topic: 3 Costly Mistakes to Avoid in Retirement Planning. Date/time: 16 September 2017 10am (SGT). Duration: 1 hour. URL: https://www.facebook.com/ifaonduty/videos/10155631561946303/ Synopsis: I will be speaking live in facebook and I will be addressing the most common but costly mistakes people make for their retirement. I will also show how actual individuals plan for their retirement … [Read more...]
A retirement product to be avoided at all cost (This post comes with an IRR calculator)
Not too long ago, I met a client who purchased the most horrible retirement product on planet earth. Apparently, his relationship manager used a Universal Life policy as a retirement product. The internal rate of return (IRR) ranges from -3.29% (and the policy terminates after 11 years of payout) to 2.69% (which the policy has still cash value after 15 years of payout). The upper limit of the … [Read more...]
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