 inxinc pte ltd. the only person who can take care of the older person you will someday be is the younger person you are today?  inxinc pte ltd.

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Presentation transcript:

 inxinc pte ltd

the only person who can take care of the older person you will someday be is the younger person you are today?  inxinc pte ltd

Your retirement lifestyle goals Your present asset /liability position Your present savings and investment goals Your present life insurance plans The present and future value of money The impact of disability and terminal illnesses Will ensure that upon Retirement...  inxinc pte ltd

You can choose NOT TO work for Money, Money works for you instead, So you live the life you planned!  inxinc pte ltd

Set Goals Prioritize your Goals Initiate a Plan of Action Review and Update your Plan Regularly  inxinc pte ltd

Retirement Goal Age 25 Age 35Age 45 The longer you wait, the steeper and harder the climb. Retirement  inxinc pte ltd

AgeSavingsCompounded Sum 1$1,000$1,080 2$1,000$2, $1,000$3, $1,000$4, $1,000$5, $1,000$6, $1,000$7, $1,000$9, $1,000$11, $1,000$13, Sub Total$10,000$13, $29, $62, $135, $292, $632, TOTAL$10,000$632, AgeSavingsCompounded Sum 1$0$0 3$0$0 5$0$0 10$0$0 Sub Total$0$0 11$1,000$ $1,000$ $1,000$ $1,000$13, $1,000$15, $1,000$17, $1,000$26, $1,000$44, $1,000$112, $1,000$258, $1,000$572, TOTAL$50,000$572,  inxinc pte ltd

Financial Support to Aging Parents Because we are living longer and setting up families later, we will prolong being financially obligated to: Our Children- who will leave home later- National Service, University and further studies etc, Our Aging Parents- who will be living longer and may require long term medical care And guess where we will be? The Sandwich Generation Financial Obligations to children  inxinc pte ltd

Studies* estimate that you would need between 60% to 80% of your last salary when you Retire, BUT could end up with only 17% to 20% of your last earnings. *Watson Wyatt consultant- Mr. Arpan Thanawala  inxinc pte ltd

Savings and Investments Pension Plans CPF Increased longevity Inflation Provisions for Unpredictable Factors  inxinc pte ltd

Savings and Investments Pension Plans CPF Increased longevity Inflation OOPS!!! Other Unpredictable factors  inxinc pte ltd

Retirement?  inxinc pte ltd

What about all the other things that you will need?  inxinc pte ltd

The Unpredictable Cost of Medical Treatment can quickly wipe out your Retirement Cash Fund.  inxinc pte ltd

In 1999In 2019 $1.00 The value of your money is almost halved in 20 years!  inxinc pte ltd

3% 8% 3% 5% $5,000 Living Expenses $3,000 Inflation Offset 1st year Capital $100,000 2nd year Capital $103,000 $8,000 Income 3rd year Capital $106,090 The Cycle Repeats $8,240 Income$8,487 Income$8,741 Income $5,150 Living Expenses $3,090 Inflation Offset 4th year Capital $109,272 $5,340 Living Expenses $3,182 Inflation Offset $5,463 Living Expenses $3,277 Inflation Offset 8% Rate of Return 3% INFLATION  inxinc pte ltd

$ $ $ % Interest Life Expectancy Retirement Retirement Cash Fund CPF Savings Life Insurance Other Assets % % % $ $ $ Retirement Income %% Withdrawal Safety Net of Life Insurance, Critical Illness and Hospitalisation Cover $ % $ % % $$$$$ INFLATION OFFSET Working years  inxinc pte ltd

...but without proper Planning, not every one will  inxinc pte ltd

Savings and Investments Pension Plans CPF Increased longevity Inflation Provisions for Unpredictable Factors  inxinc pte ltd

If I were to retire today *Agent’s Notes *Fact Finder  inxinc pte ltd