Going through your retirement check list: Holiday destinations bucket list – checked Signed up activities club – checked Achieve CPF Full Retirement Sum – checked Wrote your will – checked Advance Medical Directive – checked Living Power of Attorney – checked Integrated Private Medishield Plan – checked………………………. Lifestyle expectation? Why do we need to doContinue reading “My Retirement Plan”
Author Archives: Zenith Wealth Group
Can you have your cake and eat it too?
We have all heard of the famous English idiomatic proverb “You can’t have your cake and eat it too”. It is an obvious impossibility. The proverb’s meaning is similar to the phrases “you can’t have it both ways” and “you can’t have the best of both worlds.” However, there are instances in financial planning whereContinue reading “Can you have your cake and eat it too?”
Can you afford to buy a property?
Continuing with the last article, this week we will be sharing about Mortgage Servicing Ratio (MSR) and Total Debt Servicing Ratio (TDSR). These two ratios are a measurement of individual’s credit repayment ability and rating. The Mortgage Servicing Ratio (MSR) is a percentage measurement of borrower’s income to the amount of repayment for all mortgageContinue reading “Can you afford to buy a property?”
Set Sail Towards Your Financial Destination
Investment is not only for the rich or those who yearn for a luxurious lifestyle. In fact, anyone who wants to beat inflation should consider investing. The interest rates on most bank savings account are currently at 0.05% per annum. This means that cash kept in a bank savings account earns interest at rates thatContinue reading “Set Sail Towards Your Financial Destination”
Important things to have pre-retirement and during retirement
Many often wonder what a person should possess during retirement or pre-retirement. I would like to share with you some treasures which you should have. I have to admit the list below is not exhaustive and it may vary according to individual’s unique circumstance, but can serve as a framework for you to work outContinue reading “Important things to have pre-retirement and during retirement”
Are You Over-Leveraged in Your Property Purchase?
The recent Evergrande saga had send fear not only within China but also out of China. It also serve as a timely reminder to many the impact of over-leveraging. This incident does highlight the general inclination towards property buying. Buying a property has to be one of the biggest ticket item that most Singaporean wouldContinue reading “Are You Over-Leveraged in Your Property Purchase?”
My First Plan
You are young, just left the university and embarking on your journey to pursue your career. What will be the first thing that you will do? I did something unusual while doing my undergraduate studies. I saw an insurance company’s advertisement advising people not to put money into tontine but into an insurance plan whichContinue reading “My First Plan “
How to build personal finance that is crisis proof?
Any one of us could be hit with a major negative event that could affect our finances. This includes job loss or severe pay cut, a major illness, a car accident, or even a pandemic that we are experiencing now. Planning and managing our personal finances correctly can help us to tide through any crisis withContinue reading “How to build personal finance that is crisis proof?”