Alan Kee - Your Financial Planner

Changes to the MediShield Life coverage on Cancer Treatments. Click on the link to find what they are.

https://dollarsandsense.sg/medishield-life-changes-cancer-treatment/

MediShield Life Changes To Cancer Treatment: What Are The Changes And Why They Matter To Every Singaporean? MOH announced new changes to outpatient cancer treatments covered under the national MediShield Life scheme. Here’s what you need to know.

Alan Kee - Your Financial Planner updated their phone number.

Enjoy guaranteed returns of 1.30% p.a. upon maturity with coverage against Death and Total and Permanent Disability! Sign up for GREAT SP Series 4 now – a 2-year single premium plan to grow your wealth. Act fast before tranche closes! Acceptance is guaranteed. Visit: https://go.gelife.co/rep/1186650/gsp4

T&Cs apply. Protected up to specified limits by SDIC.

While you’re doing your part against COVID-19, we’d like to do ours. Giving you the GREAT Covid Care plan – a COMPLIMENTARY plan that gives you up to S$2,000^ if you are hospitalised due to COVID-19 infection after your 1st vaccine dose.

The 12-month coverage starts from 1st vaccine dose or plan registration date, whichever is later and it includes both local & overseas hospitalisation. Limited time only! Register now at http://sg.gelife.co/covidcare1186650 or speak to your Great Eastern Financial Representative to find out more.

^S$200 per day if you are hospitalised due to COVID-19 infection during the eligible period after receiving at least one dose of a COVID-19 vaccine, up to a maximum of S$2,000 per life insured.

As we move through different life stages, our priorities and concerns change, and our protection plans should address our needs accordingly.

This article covers the essential insurance plans that a person will need from a newborn to retiree stage.

If you have any concern about your current policies, and whether they are adequate, please feel free to contact me for a no-obligation discussion. 😊

https://dollarsandsense.sg/insurance-need-different-stages-life/

Insurance You Need At Different Stages Of Your Life Depending on the stages of our lives, the amount of insurance coverage we would need varies according to our needs and lifestyle.

Are you financially ready for the times that life throws you a curveball or two?

Feel free to PM me for a discussion on how we can get you prepared.

"Success occurs when opportunity meets preparation" - Zig Ziglar

As the new variant of the COVID-19 virus is more transmissible, it is advisable to go out lesser. But we still need to shop for groceries right? So here's a list of grocers that provides delivery so you can shop in the comfort (and safety) of your own home.

In the meantime, stay home, stay safe.

https://dollarsandsense.sg/singapore-online-groceries-guide/

Singapore Online Groceries Guide: Allforyou (Sheng Shiong), Amazon Fresh, Cold Storage, (NTUC) Fairprice, Giant, Redmart, and Shopee Supermarket Online groceries platform guide including Allforyou (Sheng Shiong), Amazon Fresh, Cold Storage, (NTUC) Fairprice, Giant, Redmart, and Shopee Supermarket.

“Many of us put off planning for our retirement until we’re in our forties....”

This article provides much food for thought 💭

https://www.channelnewsasia.com/news/commentary/retirement-planning-saving-cpf-life-minimum-basic-retirement-sum-10557226

Commentary: Saving too little, starting too late, do we have enough for retirement? Many of us put off planning for our retirement until we’re in our forties but it doesn’t have to be an onerous chore, says one financial advisor.

🖊 What are your retirement goals?

💰 Are your savings/investments sufficient for your retirement goals?

⏰ How much time do you have before you reach retirement age?

If your answers to points 2 and 3 make you question the possibility of your retirement goals, don’t despair. Contact me to discuss how we can achieve your goals together.

Retirement is a time for you to do the things you've always wanted to do, and how wonderful it will be if you can retire without worrying about your finances.

The question is, how many of us can confidently retire without financial worries if we do not plan well ahead in terms of savings and investments?

If you're unsure of where to start, please feel free to contact me for a quick discussion and let me help you get started on your retirement plans.

It is never too early to plan for retirement. The earlier you start, the more time your money has to grow.

If you have not started planning, now is a good time.

Feel free to contact me for a chat 💻

The CPF Education Loan Scheme allows CPF members to use monies in their CPF Ordinary Account (OA) to pay for the tertiary tuition fees for themselves, their children or their spouse. Read to find out more on how you can capitalise on this scheme.

Complete Guide To Using Your CPF To Pay For University And Polytechnic Fees Under The CPF Education Loan Scheme The CPF Education Scheme allows CPF members to use monies in their CPF Ordinary Account (OA) to pay for tertiary tuition fees for themselves or their loved ones.

An estimated 3 in 10 Singaporeans could remain in severe disability for 10 years or more, possibly resulting in higher long-term care costs due to prolonged disability, and thus increasing the financial burden on themselves and their caregivers. Find out how you can capitalise on CareShield Life and Great CareShield to ease the long-term care concerns.

Ease long-term care concerns with Great Eastern’s GREAT CareShield plans Great Eastern’s GREAT CareShield plans supplement national basic long-term care insurance schemes, and can be adjusted to suit policyholders’ desired budgets and coverage. Read more at straitstimes.com.

Changes to our healthcare subsidy system and how it affects us. Read more below :)

Private insurers are moving to adjust the terms for policyholders on existing Integrated Shield Plans (IP) with riders that cover hospital bills in full.

Do feel free to contact me if you have any question regarding your existing policies.

MOH welcomes insurers’ move to adjust terms for full-rider IPs, require co-payment of hospital bills The changes will further encourage prudent use of healthcare services, said MOH.. Read more at straitstimes.com.

Time for your little ones to learn about the value of money? Here are 3 fun tips to get them started!

Do you have any tip that might be useful to other parents? Feel free to leave a comment below to share your experience 🤓

Retirement in most layman term:

1. Your income stops
2. Your standard of living may be affected
3. Your medical/care expenses may increase
4. Your medical insurance premium will increase
5. Your lifetime savings may not be sufficient to cover the above expenses

Unsure of where to start for your retirement planning? Send me a DM and we'll work it out together.

Photo by James Hose Jr

Parents, here is a useful learning and activity kit to teach older children (13 to 16 years old) to be smart consumers, and understand the different modes of payments.

You can spend some time together discussing and trying out the activities listed in the kit.

Download link below.

For 13-16 years old

Moving into Phase 3? These are the things we should know about. Stay safe. :)

Roadmap to Phase 3 Key enablers – safe management measures, testing and digital contact tracing tools

It is important for us to use these financial ratios to check on our financial health/situation in the areas of Liquidity, Debt Servicing, Savings, Investments and Solvency. Click to read more.

8 Personal Finance Ratios Everyone Should Know About 8 personal finance ratios to get your finances in order right away!

Many of us may be unaware that we are probably already on this term insurance scheme and paying the premiums, via our CPF Ordinary Account on a yearly basis.

Some interesting changes and facts about this scheme where sum assured will be adjusted higher for the general age-band and premium is lower, starting from 1 April 2021 (**not April Fool's Day joke**).

Note: To find out if you are on this scheme, login with your SingPass to CPF Board website or app, then go to "My Messages".

Dependants' Protection Scheme (DPS): Higher Sum Assured and Increased Coverage From 1 April 2021 Did you know that the majority of Singaporeans qualify and are currently covered by the Dependants' Protection Scheme? It's all paid for with your CPF too. There will be some changes from 1 April 2021 onwards... Find out more about what it is and its benefits!

We all know it is important to save. And to save, it is not just leaving the money in the bank account, we also need to diligently check out if the savings account is giving us the best return we can have at a given period of time.

Want to know what are the savings accounts out there that have higher interest rates? Click to read more.

9 Best Savings Accounts in Singapore 2020 - Highest Interest Rates Beat inflation with the best savings accounts with highest interest rates in Singapore. Featuring the UOB One, OCBC 360, DBS Multiplier account and more.

A quick look at how the new TraceTogether tokens work.

You'll be able to collect a TraceTogether token from Monday (Sept 14). How does the device work? Read more: https://str.sg/JXJ6

Check out the major subsidies parents should know about and utilise for their child/children, these are on top of the Baby Bonus’ and dollar-for-dollar matching in the Child Development Account.

Complete Singapore Parents' Guide To Childcare Subsidies For Their Little One(s) Here is an overview of various infant and childcare subsidies Singapore parents can receive, as well as how much government grant amounts will be given.

Do you participate in the Supplementary Retirement Scheme (SRS)?

If you do participate, it is important for you to invest the SRS funds in one or more of the approved instruments like Unit Trust, Index Funds, Blue Chip Shares, Endowment Insurance Plans, SGD Fixed Deposits, and Singapore Savings Bonds (from Feb 2019). Otherwise, leaving it in your SRS account will only erode your hard-earned money away due to inflation.

Read more from this article to learn more about SRS. :)
https://blog.moneysmart.sg/budgeting/srs-account-supplementary-retirement-scheme/

Note: The Supplementary Retirement Scheme (SRS) is a voluntary savings scheme that is designed to prepare you for retirement.

Photo Credit: Aaron Burden

A new, national long-term care insurance scheme - CareShield Life and MediSave Care will be launched on 1 October 2020. The first batch of policyholders will be Singapore Residents aged 30 to 40, who will be automatically enrolled this year.

With this, Singaporeans will receive monthly cash payouts for life should they become severely disabled.

Visit CareShield Life Page for more information: https://www.careshieldlife.gov.sg/home.html

Picture Credit: John T