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Retirement Planning

Retirement Planning.  inxinc pte ltd. You may not have a choice about growing old,. But you can certainly choose to grow old well.  inxinc pte ltd. Isn't it true that. the only person who can take care of the older person you will someday be. is the younger person you are today?.

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Retirement Planning

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  1. Retirement Planning inxinc pte ltd

  2. You may not have a choice about growing old, But you can certainly choose to grow old well. inxinc pte ltd

  3. Isn't it true that 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

  4. Proper Planning by considering: • 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

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

  6. We will help you to: • Set Goals • Prioritize your Goals • Initiate a Plan of Action • Review and Update your Plan Regularly inxinc pte ltd

  7. Why do I need to start now ? The longer you wait, the steeper and harder the climb. Retirement Goal Age 25 Retirement Age 35 Age 45 inxinc pte ltd

  8. The Magic of Starting Early 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 Early Start Late Start GAIN 63.25 TIMES@ age 60 - TOTAL $632,546 inxinc pte ltd

  9. $109,500 If each meal costs $5.00. Do you realise that you will need to pay for 3 meals a day for the next 20 years? inxinc pte ltd

  10. Financial Obligations to children Financial Support to Aging Parents The Sandwich Generation • 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? Stuck in the middle! inxinc pte ltd

  11. Will CPF alone be enough? Studies*estimate that youwould 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

  12. Planning ensures that you will have enough $$$ to Retire comfortably... Provisions for Unpredictable Factors Savings and Investments Pension Plans CPF Increased longevity Inflation inxinc pte ltd

  13. Instead of being in financial trouble! OOPS!!! Other Unpredictable factors Other Unpredictable factors Savings and Investments Pension Plans CPF Increased longevity Inflation inxinc pte ltd

  14. The Factors to Consider: Retirement? inxinc pte ltd

  15. You alone need to pay for your food bill for 20 years! $109,500 Increased Longevity What about all the other things that you will need? inxinc pte ltd

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

  17. Inflation! inxinc pte ltd

  18. Inflation at 3% means: $1.00 $1.00 In 1999 In 2019 The value of your money is almost halved in 20 years! inxinc pte ltd

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

  20. The Draw Down Method How Retirement Planning works % Interest % • Retirement CashFund • CPF • Savings • Life Insurance • Other Assets % ACCUMULATION DRAW DOWN % $ % $ $ Withdrawal % % % % % Working years Retirement Life Expectancy $ $ $ $ $ INFLATION OFFSET Retirement Income $ $ $ $ $ Safety Net of Life Insurance, Critical Illness and Hospitalisation Cover inxinc pte ltd

  21. Everyone will grow old ...but without proper Planning, not every one will inxinc pte ltd

  22. Retire well! Provisions for Unpredictable Factors Savings and Investments Pension Plans CPF Increased longevity Inflation inxinc pte ltd

  23. Ask yourself: With my present Resources can I Retire today? inxinc pte ltd

  24. If I were to retire today How much Retirement Cash Fund will I need? We would need some Facts from you to determine this sum *Agent’s Notes *Fact Finder inxinc pte ltd

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