Michelle Wong - Retirement Specialist

“I would rather die if I cannot perform 2 or 3 daily activities unassisted”. The reality is you would but could you?

Failure to perform daily activities is not limited to old age but also accident and illnesses although illnesses are more likely to happen in old age.

It’s sad when I see this video because dementia, Parkinson are not conditions we can choose not to have when one gets old. We have to live on until the day we can’t. Until then, do you have the means to relief the suffering?

On a side note, the foundation is seeking donations ! 1% to go! Link in comment 😊

Have You Thought About How Your Dignity Will Be Maintained As You Age?

Hi guys, living in bondee land could be a possibility now.

There's a rising trend of millenials and Gen Z wanting to move out of parents home to rent and live on our own. I did it too for 2 years! While I would definitely encourage it for personal growth, rental rates have increased more than 30%. How many can actually afford it and at what cost? Since it means delaying savings rate for the actual home.

Recently, I went through the buying process of a resale HDB. I did the Math and got a shock due to the jump in prices before accepting that this is not gonna change. Increasing cost in Singapore is here to stay.

I wish I started investing in my 20s! For parents, it's time to invest your kids ang pau money 💰!

Numbers here do not include buyer's stamp duty, option fees, legal fees, renovation costs.

♾️ 𝐈𝐧𝐟𝐢𝐧𝐢𝐭𝐲 𝐖𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐬𝐡𝐞𝐬 𝐲𝐨𝐮 𝐚 𝐇𝐚𝐩𝐩𝐲 𝐌𝐢𝐝-𝐀𝐮𝐭𝐮𝐦𝐧 𝐅𝐞𝐬𝐭𝐢𝐯𝐚𝐥! 🌕 🥮 🥮🌟🐰 May the bright Mid-Autumn moon illuminate your every journey and sweet happiness accompany you on every journey and light your way to health, happiness and prosperity. 🌟🌟

𝘞𝘩𝘢𝘵 𝘢𝘳𝘦 𝘵𝘩𝘦 𝘖𝘋𝘋𝘴 𝘰𝘧 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘪𝘯𝘨 𝘊𝘢𝘯𝘤𝘦𝘳, 𝘧𝘰𝘭𝘭𝘰𝘸𝘦𝘥 𝘣𝘺 𝘢 𝘳𝘦𝘭𝘢𝘱𝘴𝘦 𝘢𝘯𝘥 𝘪𝘧 𝘪𝘵’𝘴 𝘯𝘰𝘵 𝘴𝘦𝘷𝘦𝘳𝘦 𝘦𝘯𝘰𝘶𝘨𝘩, 𝘢 𝘴𝘵𝘳𝘰𝘬𝘦 𝘸𝘪𝘵𝘩𝘪𝘯 𝘫𝘶𝘴𝘵 𝘢 𝘤𝘰𝘶𝘱𝘭𝘦 𝘰𝘧 𝘺𝘦𝘢𝘳𝘴?

Life is uncertain and on hindsight we wish that more was done to prepare for such unexpected moments.

In 2017, Kevin contracted nasopharyngeal cancer and underwent chemotherapy and radiotherapy treatment.

In 2020, he suffered a relapse and underwent a major operation to remove malignant lymph nodes.

Then in 2022, he suffered a stroke to his left side and had to undergo physiotherapy sessions in order to regain control of his limbs all over again.

Let’s face it.

Once a while, we all take life for granted…

Until when something hits.

This morning’s sharing put us back into perspective.

Beyond the humble sharing of the tough journey fighting through cancer, we all learn what it means to be both financial and mentally prepared during tough times.

It gave all of us a better perspective what it means to be ready when it comes to unexpected moments like that.

Thank you, Kevin.

Your life is an inspiration to the world.

Keep on fighting…

We are standing with you in your fight.

1 in 4 Singaporeans will be 65 years old and above by 2030. That's just in 8 years time!

Retirement planning is no longer asking a client: 'How old do you want to retire?' or 'When would you like to see yourself working 'for fun'? Because most Singaporeans do not want to retire!

Meaning, the only change we can accept is growing old, but not in our lifestyle or our habits. This coincides with a bank survey last year that 78% of Singaporeans underestimated the retirement amount needed based on their ideal retirement style.

Beyond just the government's role in ensuring there is adequate community care and infrastructure to support an ageing population with a shrinking group of younger economically active workers, there lies a personal responsibility and question to ponder for ourselves.

Are my parents prepared for this?

What can I do now to ensure I can achieve my vision of ageing in grace?

How can I, as a financial practitioner help more Singaporeans to achieve this?



https://www.moh.gov.sg/ifeelyoungsg/how-can-i-age-actively/learn

Learn Learn for fun, learn for life. Sign up for a subsidised course at the National Silver Academy today! It's exciting, affordable and exam-free!

https://www.straitstimes.com/singapore/budget-2022-cpf-basic-retirement-sum-to-be-raised-by-35-per-year-from-2023-to-2027

Budget 2022: CPF Basic Retirement Sum to be raised by 3.5% per year from 2023 to 2027 There is no requirement for members to top up their CPF if they are unable to set aside the sum. . Read more at straitstimes.com.

[CONTEST] Valentine's day is around the corner! 💖

What better way to show love for my community by having my very first Giveaway!

I would also love to win and pamper myself with a Dyson hair dryer. Haha! Get your post going ! I'm looking forward to read all your interesting 💰 saving tips for 2022! 😊

How to Win:

1) Like my page: michellewong.pias
or Follow my Instagram account: michiewong_

2) Comment your best money-saving tips
under this post

3) Tag your friends to share this contest with them

Winner will be announced & contacted on
28 Feb 2022

Good luck!

https://www.todayonline.com/singapore/adulting-101-retiring-40-fantasy-most-proper-planning-can-ensure-comfortable-retirement

Adulting 101: Retiring by 40 is a fantasy for most but proper planning can ensure comfortable retirement in silver years SINGAPORE — As a young Singaporean, the idea of retiring with more than S$1 million in the bank before I turn 40 seems like a complete fantasy.

https://www.straitstimes.com/singapore/housing/what-you-need-to-know-about-singapores-new-property-cooling-measures

Owning multiple properties for investment to generate passive rental yield and building wealth from capital gains for early retirement used to be a Singaporean dream.

After rounds of cooling measures since Sep 2009, demand for private residential property purchase has now come down to largely 1st time property owners (no ABSD) & HDB dwellers looking to upgrade to their 1st private home.

What you need to know about Singapore's new property cooling measures How would the measures affect HDB and private home buyers? . Read more at straitstimes.com.

Insurance is all about risk transfer by paying an x amount to solve a $ # # #, # # # problem that would wipe out our savings in just a moment when a diagnosis is made.

As Chinese new year is coming, we always wish our loved once good health and wealth! What are the actions we have taken to taken to take care of these 2 aspects? 🙂

Why Growing Your Wealth For Retirement Isn’t Enough If You Don’t Cover Your Downside Risk Retirement planning isn’t just about growing our nest egg, but also ensuring that we have the right insurance plans that can cover our downside risk.

TOP in EVERY category be it insurance or investment in 2020 is an amazing feat! Beyond the numbers and figures, it is a testament of every client's trust when they said 'yes'. Clients buy people, they also buy the products. So having a good product offering is still important.

I am assured I am in the right place building a financial advisory practice. Congratulations Infinity Wealth Management Group !