Some of the best decisions Singapore ever made probably looked unnecessary at the time. That was what came to mind when PM Lawrence Wong spoke at the National Day Rally about Singapore needing to plan not just 5 or 10 years ahead, but 50, 70, even 100 years into the future. It sounds impressive. But [...]
$8,000 a month for eldercare sounds like a luxury.But perhaps the real luxury is having a choice.Singapore’s first private assisted-living development has opened, with fees starting from about $8,000 a month and exceeding $13,000 for larger apartments.The headline figures will understandably attract attention. But to me, the more important conversation is not whether this particular [...]
𝗧𝗵𝗲 𝗿𝗲𝗰𝗲𝗻𝘁 𝗖𝗣𝗙 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗴𝗼𝘁 𝗺𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗜 𝘀𝗲𝗲 𝗾𝘂𝗶𝘁𝗲 𝗼𝗳𝘁𝗲𝗻 𝘄𝗶𝘁𝗵 𝗺𝘆 𝗰𝗹𝗶𝗲𝗻𝘁𝘀.When we talk about retirement adequacy, many people tend to focus heavily on their investment portfolio.“How much can I earn?”“Should I invest my CPF to get higher returns?”“Why leave money in CPF at 2.5% when I could potentially earn more [...]
1 July 2026 deadline is coming... That is when our statutory retirement age is increasing to 64. Why does that concern you? First, it means that your employer cannot force you to retire before 64. This gives workers the assurance that they can continue working at least till 64 if needed. Secondly, this will impact [...]
Just completed a 3-day Gen AI course — and I left with one uncomfortable thought: 𝗔𝗜 𝗺𝗮𝘆 𝗻𝗼𝘁 𝗿𝗲𝗽𝗹𝗮𝗰𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝘀𝗼𝗿𝘀.𝗕𝘂𝘁 𝗶𝘁 𝘄𝗶𝗹𝗹 𝗲𝘅𝗽𝗼𝘀𝗲 𝘄𝗵𝗶𝗰𝗵 𝗮𝗱𝘃𝗶𝘀𝗼𝗿𝘀 𝘄𝗲𝗿𝗲 𝗼𝗻𝗹𝘆 𝗽𝗿𝗼𝘃𝗶𝗱𝗶𝗻𝗴 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻. The deeper implications for financial planning are not just about productivity.They’re about trust, behaviour, judgment, and how clients make decisions. Here are 5 shifts I [...]
Can you imagine what insurance premiums and long-term care costs will be at 16% inflation? If nursing home costs $3,000/m today, at 16% inflation, in 20 years time, it will cost $58,000/m! This is definitely an exaggeration, but it's just to illustrate how significant a 16% inflation actually is. This is precisely why there is [...]
"What happens if I have no income for 2 years, will i have enough to pay for all my plans?" This was a very honest question a client recently asked me. And I'm thrilled that he asked this, because that is precisely why I am doing what I am doing, it is to give clarity [...]
This is my 10th year in the industry.I was sharing this fact with a client recently, and he asked me, '𝗪𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸 𝗶𝘀 𝘁𝗵𝗲 𝘀𝗲𝗰𝗿𝗲𝘁 𝗼𝗳 𝘆𝗼𝘂𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀?'It's always great when clients hit you with some revelatory question that forces me to take a step back and ponder.After taking a moment, I answered [...]
"I've never had this much cash and investments in my life!" Just celebrated a big victory with my client last night.When we started our journey together since 2019, he was not in the best of state. He had debts, hardly any savings and no investments at all.While some consultants may choose not to work with [...]
"𝗜 𝗮𝗺 𝘀𝗵𝗶𝗳𝘁𝗶𝗻𝗴 𝗮𝗹𝗹 𝗺𝘆 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗯𝗮𝗻𝗸𝗲𝗿'𝘀 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗼𝘃𝗲𝗿 𝘁𝗼 𝘆𝗼𝘂."That is probably one of the greatest validation I have gotten in recent days.My client went on to explain that, '𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝗺𝘆 𝗯𝗮𝗻𝗸𝗲𝗿 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗯𝗮𝗱-𝗺𝗼𝘂𝘁𝗵𝗶𝗻𝗴 𝘆𝗼𝘂 𝗮𝗹𝗹 𝘁𝗵𝗲𝘀𝗲 𝘆𝗲𝗮𝗿𝘀?'These were his exact words, and I do know it as previously, this [...]
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