Personal Finance
Saving for an early retirement
By Tan Kin Lian  •  June 18, 2008
By: Tan Kin Lian Dear Mr. Tan, I am in my mid 20s. I need your advise on planning for retirement, savings and life protection. Frankly speaking, I have checked many products and are confused with what I need. I do not have much spare cash in the past as I have dependants. My current pay allows me to set aside about 20% for savings. If I have $500 a month, what are the insurance/ savings I should save? Can I plan for a comfortable retirement at 50 years old? My agent recommended me Vivolife, limited payment for 10 yrs. But I am also not sure if the critical illness portion is guranteed. Based on my savings, should I buy Vivolife? Or go into endowment? Or save up as cash? Or medical? REPLY Tan Kin Lian picture Please read these FAQs http://www.tankinlian.com/faq/fptips.html http://www.tankinlian.com/faq/savings.html http://www.tankinlian.com/faq/choice.html Source: Tan Kin Lian's Blog
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By Tan Kin Lian
Mr Tan Kin Lian (fomer NTUC Income CEO) started his insurance career in 1966 in a local life insurance company. He has also worked in various positions as a computer programmer, organisation and methods officer and consulting actuary. Mr Tan writes daily in his blog. The information in his blog is transparent and has an open approach.
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