Everyone is looking for the best financial advice. But we must understand that not every piece of advice, even from the most successful people, is appropriate for everyone. That is due to the fact that not everyone’s financial situation is the same. In order to efficiently organise our finances, we must first assess our existing financial situation and future needs. (more…)
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 The Business Times: 3 Jun 21, insurance industry to reduce par policies illustrative rates of return. The Life Insurance Association (LIA) said on Wednesday that the upper bound for par policies’ projected rate of return will be reduced from 4.75 to 4.25 per cent; the lower bound will be revised from 3.25 to 3 per cent. (more…)
According to The Strait Times (PUBLISHED NOV 22, 2020, 5:00 AM SGT) there are four top misconceptions of insurance in Singapore. Click below to read the full article. (more…)
According to Straits Times article, (PUBLISHED SEP 29, 2020, 6:00 PM SGT) MediShield Life premiums may rise by up to 35% next year, which is under proposed changes. This will be the first increase in premiums for the compulsory health insurance since its launch five years ago. At the upper end, the proposed hike will exceed $500 a year. In the article, it also states that, all Singaporeans will receive a 70% subsidy on the increase. This goes down to 30 per cent in the second year. With the increase of MediShield Life premium, it also comes with more coverage and benefits, to cover more and larger hospital medical bills. (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)
Many workplaces in Singapore have implemented work-from-home (WFH) measures as to lower human traffic in Singapore. In order to further reduce the risk in local transmission of COVID-19, Covid-19 Circuit-Breaker measures had been implemented. During Covid-19 Circuit-Breaker period, many companies and businesses must conduct their business and services through telecommuting from home. (more…)
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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.” I have to agree to my prospect and told him that if he know how to treat them right, he will receive more than he gives for both, and this is how I (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…)