One of the most common questions I am asked in my seminars is, “What types of asset classes are suitable in our retirement portfolios? Endowment, annuity, universal life, bonds, equities, physical properties, land banking, hedge funds, etc?”
Physical properties are one of the most sought-after asset classes when it comes to investing in Singapore. However, there are some disadvantages relating to investing in physical properties when we are approaching our retirement age. We could instead consider investing in REITs.
REIT stands for Real Estate Investment Trust, and can serve as an alternative to investing in physical properties. I will share 5 reasons to include REITs as alternatives to physical real estate in your retirement portfolio.
For almost every parent in Singapore, getting a decent education for their child is a top priority. Some parents are willing to fork out a substantial amount of money in the name of education. Prepping the child for good education requires proper planning from the start.
In Singapore, university education costs an average of $21,000 a year. That is not a small sum, so what are ways to finance a child’s tertiary education?
Contesting a will is not a scenario we would like to see happen in the event of the testator’s death. However, it can still happen due to certain circumstances when the will was drafted. When drafting a will, it is highly recommended to engage a professional will writer to prevent such occurrence. Let’s explore the common grounds for contesting a will in Singapore:
It was a very unfortunate event that investors lost their hard-earned money and retirement funds with Six Capital (Read the story here: Angry investors file police reports against FinTech firm Six Capital).
I am rather concerned with this statement in the Straits Times article on Six Capital: A few retirees indicated that they had poured in significant retirement sums. One lady was the age of my mother. She said that she was going to the temple to pray.
What can we learn – as retail investors – from this incident?
Let’s use the SABO model to analyse this incident. By the way, this SABO is NOT the Singlish word for “sabotage”.
Everyone deserves to have their assets distributed according to their wishes after they die. Engaging the service of a professional will writer when writing a will in Singapore is highly recommended because certain complications may arise when a person tries to write their own will. Let’s see what are some of the common scenarios of writing a will without the help of a professional:
For many years, I have been wondering why most people are not able to invest properly after attending expensive courses and many seminars. I have seen many smart people and professionals like lawyers, doctors, CFOs, Managing Directors, accountants, engineers, scientists, etc, still struggling with their own investment. I have finally found an answer after going through one-on-one private portfolio reviews and consultation sessions with more than a hundred students and seminar participants. In summary, it boils down to the misalignment of Want, Passion & Commitment.
Contributed by: Michelle Ee
Wealth Management Director, Financial Alliance Pte Ltd
(The contributor can be contacted at firstname.lastname@example.org)
Premium hikes have been occurring since IPs were introduced in 2005. This is mainly due to adverse claims experienced by all IP insurers. In recent years, the claim situation became worse, particularly for IPs that cover private hospitals. To cope with the unexpectedly high frequency of claims, insurers have to increase premiums.
“It may never happen to me.” It’s the sentiment that most employees share when it comes to disability income insurance.
Disability income (“DI”) insurance provides the insured individual with a monthly payout should the insured individual lose their ability to work for an extended period due to accident, injury or illness.
During the period when the individual is unable to work due to their disability, they will receive income on a monthly basis, and the amount payable is pre-selected by the life insured as sum assured when they took up the policy.
Owning a business may seem easy on the surface, but with it comes challenges. These challenges, more often than not, have to do with finances. It is natural for owners to be personally invested in every aspect of their business, from arranging financing to hiring employees. However, as businesses mature over a period of time, will these owners have the time to address and manage the growing financial risks as the business grows?
That’s where a financial adviser comes in handy. By working with a financial adviser, business owners can receive expert help in managing their business’ financial risks and transferring them away, thus freeing up time to focus on directing their businesses toward stability and growth.
From insurance planning to managing financial assets, financial advisers can utilize their expertise to help business owners make important financial decisions by recommending financial solutions that match their needs and risk appetites.