How much do working adults in Singapore actually need for their retirement?

Developing a Holistic Financial Roadmap So You Can Enjoy Your Golden Years with Peace of Mind

According to a 2021 survey by OCBC, some 8 in 10 Singaporeans underestimate how much they would need for retirement by a whopping 31%.

So, if you have not yet figured out how to analyse your financial health, the good news is you're not alone!

Fortunately, there's now a foolproof and easy-to-follow way to accurately project your personalised retirement needs, taking into account inflation, protection needs, contingencies, and investment returns.

Regardless of how much money you earn or how old you are currently, you will need a financially-sound retirement plan to live comfortably in your later years.

We will help you to look ahead and plan so you can enjoy the future without worrying about your financial wellbeing.

Empower yourself with relevant insights so you can make the right decisions earlier rather than later in life and avoid costly financial mistakes.

What is F.I.T.? F.I.T. is a way of covering the essential financial actions necessary to ensure that you are on the right path to successfully meeting your financial goals. By checking off the list of financial “To Do”, you can gain a peace of mind, a clear road map and control of your finances.

3 Areas on your journey to Financial F.I.T.-ness

F – Financial Management

During the webinar, you will be guided to determine your financial goals and direction. Our planning tools will help you discover quickly what your financial freedom number looks like. Add good financial habits, and you are on your way to building a decent sum of monies to meet your monthly financial needs. Daily expenses may seem trivial but don’t leave it to chance. 

Activity #1: Set Budget. First, let’s take an in-depth look into why maintaining a household budget is so important to ensure financial adequacy for you and your family. Next, learn how to compute essential daily expenses and monthly household budget. To build wealth and get money fit with your personal finances, it is therefore essential to live within your budget.

I – Insurance Planning

On your journey to developing financial freedom, you need adequate financial coverage to cushion the impact of unplanned life events so that these events do not derail you from your ability to achieve financial freedom.  

Activity #2: Review Coverage. The only constant is change. As such, make it a habit to review your existing financial coverage based on lifestyle and career changes. To this end, find out exactly how often and under what circumstances should you review your coverage.

T – Transfer of Wealth (& Wishes)

The only certainty in life is death. When we leave this world, we do not just leave behind “things”, we also leave behind our wealth. It is thus essential to prepare a will containing details on how our wealth should be distributed.

Activity #3: Invest Early. Put your capital to work as early as possible in order to maximize the value of your assets once you reach retirement age.

Learn about the basics of will and legacy planning and determine how to develop a simple will and legacy plan.

In summary, learn how to develop, practise and refine these 3 activities to ensure you and your family’s Financial F.I.T.ness and you will be on the road towards financial freedom in no time.

Financial F.I.T. — Engage

Specially for you, we are opening up slots for FREE 1 Hour Consultation Session and reveal how you can implement Financially F.I.T. in your life.

You’re welcome to bring your partner along for this in-depth session with our financial consultant to give you new perspectives, using our in-house proprietary eco-system, and give you the confidence and conviction to take charge of your financial future.

COMPLIMENTARY

1 hour Consultation Session

Name
Contact Number
Email

Contact Me

What type of services are you looking for? 请问您需要咨询哪些方面的服务?(Please select all that applies)

ACKNOWLEDGEMENT

By submitting this form, I confirm that

提交此表格,即表示

  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
  • 我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策,并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
  • I have read and understood the disclaimers above and hereby affirm my acceptance of these terms.
  • 我已阅读并理解了上述免责声明,特此声明接受这些条款。
  • I have not been directly contacted or approached by any representative or employee of FAPL with an offer or solicitation to apply for any financial products not offered in my home country.
  • 鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.
  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照,并许可在新加坡共和国境内依据财务顾问法(第110章)和证券与期货交易法(第289章)进行财务咨询等相关业务
  • Any services provided by FAPL to persons not ordinarily resident in Singapore are provided solely on an offshore basis from Singapore, resulting from direct enquiry on the part of the foreign residents.
  • 鑫盟理财为非新加坡居民所提供的任何服务仅限于直接向鑫盟理财发出咨询请求的国外居民。
  • As an integral part of the provision of such services, FAPL may from time to time make available to such residents, documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of the foreign jurisdiction).
  • 作为提供此类服务的一部分,鑫盟理财会不时向此类咨询者提供有关产品的参考文件和信息(例如,关于海外司法管辖区以外的资金管理或投资咨询服务等信息)。
  • Such documents and information are provided by Financial Alliance Pte Ltd (“FAPL”) is for general information only and is not intended for anyone other than the recipient.
  • 此类由鑫盟理财所提供的文件和信息仅供收件人做一般信息参考。
  • It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
  • 此类文件和信息不会把-个人投资目标,财务状况或其特定需求等考虑在内。
  • It does not constitute the making available of, or an offer or solicitation by FAPL to buy or sell or subscribe for any such capital markets product or to enter into a transaction or to participate in any particular trading or investment strategy nor an advice or a recommendation with respect to such financial products.
  • 鑫盟理财向该人士提供此类文件和信息将不构成要约或招揽购买或出售或认购任何此类资本市场产品,或达成交易或参与任何特定的投资策略,也不构成有关此类金融产品的建议或推荐。
  • These documents may not be published, circulated, reproduced or distributed in whole or in part to any other person without FAPL’s prior written consent.
  • 未经鑫盟理财的事先书面同意,不得将这些文件全文或部分发布,传播,复制或分发给其他人。
  • This document is not intended for distribution to, publication or use by any person in any jurisdiction, where such distribution, publication or use would be contrary to applicable law or would subject FAPL and its related corporations, connected persons, associated persons and/or affiliates to any registration, licensing or other requirements within such jurisdiction.
  • 鑫盟理财无意在分发,出版或使用此类文件可能违反当地法律,或本公司及关联公司或关联人士需要注册,获得许可或符合规定的司法权区向当地人士分发、出版此类文件或供其使用。
  • You shall ensure that you have and will continue to be fully compliant with all applicable laws in your home country when entering into discussion or contracts with FAPL.
  • 在与鑫盟理财进行讨论或签订合约时,您应确保您已完全遵守并将继续遵守您所在原居住国的所有适用法律及条规。

In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.

提交此表格,即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策

Scan for Contact Details

Join our newsletter

Subscribe to our newsletter to receive updates on our latest content!

By providing the info below, I confirm that I am the user and/or subscriber of the telephone number(s) and email address provided by me and I consent to receive from Financial Alliance and/or its financial adviser representatives, any marketing, advertising and promotional information organise by Financial Alliance via voice calls, SMS/MMS (text messages) or faxes to my telephone number(s) provided below. I understand I may withdraw any consent I have given at any time by writing in to Financial Alliance Pte Ltd.

Scan for WeChat QR

Retirement Planning

Will I be able to retire comfortably?