Today I want to write about why cost of investments matters. Why you should be aware of cost of investments and when you should pay for cost and when you should not be paying for such cost. It has become almost like a norm that to retire, it is important to increase your wealth by making your money work hard for you. Unfortunately most people will be met with large number of obstacles. For … [Read more...]
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Unpublish letter to the Straits Times: No benefit illustration for CPF Life
94% "voted" against CPF Life The Straits Times article "CPF Life: Some want to be given a choice" dated 18 August 2010 says that out of 700,000 of CPF members who are eligible for opt-in, only 40,000 took up CPF Life and committed S$2 billion to the scheme. This means that the remaining 94% said “no”. This is shocking to me. Do bear in mind that the CPF Life will eventually be compulsory. In … [Read more...]
What is there to plan for Retirement planning?
We use expense method to calculate the amount of retirement funding required for retirement planning. The first step is to determine today’s expenditure excluding mortgage, dependents’ cost and luxury. We project the expenditure at retirement based on an assumed inflation. Based on an assumed life expectancy and investment rate, the lump sum retirement funding is determined. If that lump sum is … [Read more...]
How to calculate the minimum salary you need to have?
Many people choose their career or studies based on interest. They also choose it based on the potential salary that the job can command. I would like to give an alternative view on what is the minimum salary required when considering a career or academic qualification. Assume a person who is aged 25 with a monthly expense of $1,000 (today’s value). We assume an inflation rate of 5% per annum … [Read more...]
The Best Retirement Investment Portfolio Ever!
What are the various instruments available for the retiree? How should they make their money work hard for them? How can they get a perpetual income other than traditional annuity? I had been asked to provide the answers frequently but the number of products suitable for the retiree is limited. Through much research, we introduce an innovative retirement investment portfolio for the retired … [Read more...]
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