The Lifecycle Financial Planning Approach

The lifecycle financial planning approach places all your financial activity into distinct time periods, or stages, with retirement acting as the final phase in the financial lifecycle. This approach is powerful as it provides you a clear framework for evaluating different decisions. Here are the 5 standard financial life stages encompassed in the lifecycle approach….

4 Financial Essentials for New Parents

Being part of the Gen Y babies born in the 1980s, in recent years I have found myself often discussing the topic of parenting with my friends who have just become Mums and Dads. Interestingly, quite a handful of them have asked me the same questions: How can I financially plan for my baby? What are policies should I be looking at…

Are You Prepared for Your Child’s Education?

At the rate education costs are escalating, tertiary fees can become exorbitant by the time our children are ready. It is no wonder less than half of Singaporean parents are financially prepared for their children’s education based on a survey conducted by OCBC Bank in December 2013. Tuition fees for local universities are estimated to inflate…

4 Life Stages of Financial Planning

Many of us know that financial planning is a lifelong process. Our ultimate dream is to achieve a retirement life which we desire. This could mean being debt-free, having a passive stream of income and best of all, pursuing our interest and passion which we might not get to do in our younger days. Our…