Articles
Financial Planning for Merdeka Generation Part 5 – A Medical Safety Net
In this fifth article, we will talk about the third Must-Have for Retirement – a strong healthcare safety net that takes care of your healthcare needs. Ageing is inescapable and as we age, our body's healing ability declines significantly, especially in the silver...
Financial Planning for Merdeka Generation Part 4 – Additional Income in Retirement
In our previous article, we discussed how CPF LIFE payouts form a good Safe Retirement Income Floor. For some Merdeka generation retirees, however, you may feel that the payouts from CPF are less than what you wish to have for your lifestyle. If so, you can build on...
Breaking the Addiction to “Active Management”
On 22nd December last year, I invested the monies in my SRS account into one of the investment portfolios that Providend manages. About one month later on the 19th January, I went to check on how it has performed and to my pleasant surprise, it has grown 7.64%! I was...
Life Stage Planning
We know insurance is necessary but can be costly. At MoneyOwl we help you to be even more prudent by identifying what you probably need at various life stages. These are the key and essential areas you should focus first. If your budget allows, you can then consider...
Financial Planning for Merdeka Generation (Part 3) – CPF Payouts: Your Safe Retirement Income Floor
In this third article, we explore how CPF, specifically, CPF LIFE forms the foundation of your retirement plan by providing you with a stream of income for life. A retirement income that covers daily expenses is the second Must-Have in retirement, alongside a home to...
Financial Planning for Merdeka Generation (Part 2) – Should You Retire Now?
The second Must-Have in retirement is a monthly retirement income for life to cover our expenses. It is no coincidence that those belonging to the Merdeka Generation are at one of the important milestones of their retirement planning – crossing the statutory...
Choosing The Right Endowment For You
Endowment policies are designed to help you save for the future. You contribute a regular premium for a number of years and at the end of the policy duration you receive a lump sum Maturity payout. Some Endowment policies have a Cash Back feature, whereby Yearly Cash...
Why We Don’t Advocate ILPs / The Problem with ILPs
If you've had a look at the insurance products we feature on our comparison engine, you may have noticed that we do not feature Investment-Linked Policies (ILPs) at all. There's a very good reason why we don't advocate them, we'll share more in this article. How do...
Financial Planning for the Merdeka Generation (Part 1)
We all know someone from the Merdeka Generation perhaps a parent, neighbour, colleague or even yourself. Born in the 1950s, each has a story to tell, stories of how one lived through the independence struggle of the nation, joined the workforce early and experienced...
Why Write A Will? Here’s why you should not delay it any longer.
Not many people have a will done and there are many reasons for that. Well, it could be due to cost, perceived complexity in will writing or even the thought that there is nothing much to distribute. Even if one recognizes the importance of having a formally written...
Think Twice Before You Pay Your Next Insurance Premiums
Most of us own whole life insurance plans. They are meant to protect us against death, disability or a major illness for our entire life. But do we really need insurance cover for our entire life? Event Purpose of Insurance Permanent / Temporary Need? Type of...
Step-by-Step to Discover how much Life Insurance You Really Need
Do you look forward to a claim when you buy insurance? Whenever I travel, I would cover myself with travel insurance. Just because I am covered with travel insurance, do I actually hope to lose my baggage, miss my flight connection, fall ill or meet with an accident?...
