Jonathan Chua

“The best time to start planning and taking action for your retirement was 20 years ago. The next best time is now.” – Kenny Tey When we are young and busy with life, growing old isn’t something we make time to think about. In fact, if you ask Singaporeans about their future financial plans, 1 in 3 are concerned about not having saved enough to enjoy a comfortable retirement, and as high as 45% haven’t even begun to create a retirement fund1. Retirement preparedness has become a growing concern among Singaporeans. Ideally, a good retirement plan involves earning and saving today, to live a comfortable tomorrow. If preparing for your golden years is on your mind, here are 8 top mistakes to avoid in your retirement planning: Lack of a Financial Plan Starting To Save Too Late Counting too much on CPF No Plan for Emergencies Not Factoring Inflation Investing based on Hearsay Limiting Financial Planning to Retirement Burdened by Debt source

COVID-19 has impacted each one of us in different ways with the social distancing orders, safe management measures, and a changed pace of life. On the upside, the pandemic has led us to rethink our priorities and expectations, especially in the financial sense. Some important questions have begun bubbling to the surface: Are my loved ones protected? What if something were to happen to me tomorrow? Should I have a plan in place for the future? Estate planning is one area that has received a lot of attention, specifically because of the uncertainty associated with the COVID-19 crisis, which has turned many lives upside down. Now, more than ever, it’s the best time to prepare for the unexpected, and what better way than to create an estate plan which is regularly reviewed to ensure it aligns with your goals: What is Estate Planning? In my opinion, as much as no person is comfortable thinking about death, it’s important to plan your financial future in a way that helps keep your loved ones...

Many of us may wonder if there is a need to review our coverage every now and then Every individual goes through various stages in their lives – be it purchasing a home, getting married, or having a baby. As circumstances evolve, one’s need for protection changes, and it thus becomes more important to review one’s existing insurance coverage. To put it simply, adequate insurance coverage helps you protect your nearest and dearest. In case something happens to you, your insurance payout will render some financial support when you are financially weak or unable to provide for them. Most of the time, we actually do understand that we need to be covered. However, what is pulling us back from meeting our shortfall is the complexity of products in the market. The 2 most common types of coverage for life insurance are term and whole life plans. Those who are interested in having an investment aspect can look into investment-linked plans. source

Money can be a tricky and sensitive topic, especially when you’re discussing it with your life partner. In fact, the lack of communication about money matters is among the top reasons marriages fail, and in Singapore, financial issues1 and disagreements are among the common reasons for divorces. Many couples may not be comfortable dealing with marital finances, but irrespective of whether your relationship has already weathered many seasons, or is about to embark on a new journey, it is important to sit down and have a talk about financial matters with your partner. Talking about finances is an important starting point for couples in planning a future together – this includes not just understanding individual financial goals, outstanding debts, insurance requirements, and investment appetites, but also, habits and anxieties. Being financially compatible helps bring about more stability and less conflict, giving couples a clearer picture of key life decisions such as those concerning as...

A group of representatives representing  SG Alliance Pte Ltd ‘iGniters’ are team players who are always progressing and upskilling to empower clients with the latest knowledge, tools and resources in financial planning. This team is galvanised and grounded in the perspective that becoming successful at anything worth striving for is simply about never giving up. While the team values the prize of materialistic wealth, it strives for the greater goal of inner wealth, in each consultant’s own life journey and also for their clients. Over and above the right financial tools and knowledge, each team member is constantly advancing in the finer aspects of character development and personal growth built on the group’s core values of integrity, commitment and resilience. source