If you have a sound financial plan, you could probably ignore the rest but please send me a bouquet if you find something that is 'of thought' in my post.
In addition, if you have been following my posts, you would find my articles 'unique and rare' in the sense that other professionals do not post in their blog mainly because they 'charged' exorbitantly for professional charges. You get free, NO obligation in my blog.
Most often than not, most Singaporean do
not have a financial plan which includes ..
- I am not surprised to find out If, most of you, who have an impressive portfolio of insurance policies but have not make any plans for any nomination or will planning!
- If you do have a will, were you advised the advantages of making your insurance nomination through the will or ‘nomination of beneficiaries’ framework such that you can decide intelligently given ‘that’ knowledge? If not, you need to find out where the difference is?
- If you do not have a will, are you familiar with the ISA? Do you have a wish on how you like your assets to be distributed or leave it to the Act?
Whichever, what were your
pending instructions for your investments ..? Would you leave it to the Executor or the Estate? How long would it take to identify and nominate an Administrator to manage your investment when you do not have a will (given the volatility of the market since March 2012)?
- If you don’t understand what I am saying to any or all of the above
- If you do not have a ‘valid’ CPF nomination, will or nomination of beneficiaries
- If you do not have an insurance plan, investment plan, tax plan
- If you do not have a financial plan
Why then do you
- Buy insurance for risk management
- 2. Invest your hard earned savings for a comfortable retirement???
....
What’s next? Having a plan is similar to having a health screening report. Without taking the prescription or executing the recommendation is equally pointless.
Last but not least, ...
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