inxinc pte ltd. the only person who can take care of the older person you will someday be is the...
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inxinc pte ltd
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 35 Age 45
The longer you wait, the steeper and harder the climb.
Retirement
inxinc pte ltd
Age Savings Compounded Sum
1 $1,000 $1,080
2 $1,000 $2,246.40
3 $1,000 $3,506.11
4 $1,000 $4,866.60
5 $1,000 $5,486.41
6 $1,000 $6,335.92
7 $1,000 $7,922.80
8 $1,000 $9,636.63
9 $1,000 $11,487.53
10 $1,000 $13,486.56
Sub Total $10,000 $13,486.56
20 $29,116.47
30 $62,858.25
40 $135,702.77
50 $292,941.57
60 $632,546.64
TOTAL $10,000 $632,546.64
Age Savings Compounded Sum
1 $0 $0
3 $0 $0
5 $0 $0
10 $0 $0
Sub Total $0 $0
11 $1,000 $1080
12 $1,000 $2246.40
18 $1,000 $9639.63
20 $1,000 $13,486.56
21 $1,000 $15,645.48
22 $1,000 $17,977.12
25 $1,000 $26,151.77
30 $1,000 $44,761.46
40 $1,000 $112,282.11
50 $1,000 $258,054.15
60 $1,000 $572,765.04
TOTAL $50,000 $572,765.04
interes@8%t interes@8%t
inxinc pte ltd
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 Thanawalainxinc pte ltd
Savings and Investments
Pension Plans
CPF
Increased longevity
Inflation
Provisions for Unpredictable Factors
inxinc pte ltd
Savings and InvestmentsPension Plans
CPFIncreased longevity Inflation
OOPS!!!
Other Unpredictable factors
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
inxinc pte ltd
In 1999 In 2019
$1.00$1.00
The value of your money is almost halved in 20 years!
inxinc pte ltd
3%3%3%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% INFLATIONinxinc pte ltd
$ $$
%
Interest
Life Expectancy
Retirement
Retirement Cash Fund
•CPF
•Savings
•Life Insurance
•Other Assets
%
%
%
$ $ $Retirement Income
% % %
WithdrawalWithdrawal
Safety Net of Life Insurance, Critical Illness and Hospitalisation Cover
$
%
$
%
%
$ $ $ $ $
INFLATION OFFSETWorking 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
inxinc pte ltd
If I were to retire today
*Agent’s Notes
*Fact Finderinxinc pte ltd