“What if” has become “What now”. As the COVID-19 pandemic rages on, economies worldwide have slowed significantly as people stay home and businesses close. Many people are worried what this crisis will mean for them financially – some have lost their jobs, others are grappling with huge portfolio losses, and yet others are having to rethink their retirement plans in this uncertain time. While it is hard to predict the exact financial toll the circuit breaker measures and growing global recession headwinds will take on Singapore’s economy, acting now to protect and position your finances going forward is critical. Having a sound financial plan is the first step A financial plan is essentially a roadmap detailing your current finances, your financial goals and the strategies you’ll use to achieve those goals. A good financial plan starts with the details of your cash flow, savings, debt, investments, insurance and any...