Deepak Singh | Services
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Services

Savings & Investments

Insurance & Protection

Education Planning

Retirement Planning

CPF

Pension

Savings and Investments

1. Regular Savings

 

Do you have any idea about what future has got for you?

 

You can’t leave something as important as your financial future to chance. A regular savings plan will help protect your financial future and help shield you from any unexpected financial distress.

 

The first saving account should be an emergency fund having a small reserve of at least 5-6 months’ salary.The earlier you start saving, the more you will benefit from the effects of compound interest.

 

With interest rates in Singapore very low, even the most risk adverse savings plan should provide you with a much higher return than you will get from your bank. A combination of planning and commitment can help you meet your financial goals.

 

The investment strategy is tailored around you and your tolerance for risk along with considering the Dollar cost averaging as one of the key tool. There is not a one-size-fits-all approach as each individual has their own preferences and goals. I always ensure that when designing your portfolio, you are taking advantage of any possible tax efficiencies whether you’re investing for income or growth.

 

2. Lump Sum Investment

 

If you have cash, a prior savings plan, property or shares, a lump sum investment might be the best way to help you achieve your financial goals.

 

A lump sum investment can offer you investment flexibility, as it can hold investments in shares as well as a wide range of investment options from around the world.

 

There is range of products available for all levels of investors. I have clients who have invested $10,000 to S$1M plus.

 

I can help you understand the complexities of the ever-changing financial market and advise you on the best ways to make sure your money is working as hard as it possibly can be.

 

The discretionary service provided helps to make sure the day-to day managing of the portfolio. It is rebalanced constantly to match your risk profile as it is exposed to range of assets including equities, bonds, funds and ETFs.

CPF Investments

Do you know what your CPF money is invested in?

 

In Singapore, the Central Provident Fund (CPF) is a compulsory comprehensive savings plan for working Singaporeans and Permanent Residents primarily to fund their retirement, healthcare and housing needs.

 

The CPF is an employment based savings scheme with employers and employees contributing a mandated amount to the fund.

 

Your contribution goes into three accounts:

 

  • Ordinary Account: Used for paying Education, Housing, Insurance, Investment.
  • Special Account: Used to fund your Retirement.
  • Medisave Account: Used to pay for Hospitalisation and Medical Insurances.

Retirement Planning

Have you started saving for your retirement?

 

Are you saving enough so you can have the retirement that keeps up with your lifestyle?

 

It’s never too early to start planning for your retirement, but there are advantages to starting early. By starting early you’re able to give your savings & investments time to grow.

 

There are many things to consider when planning for your retirement. People are living longer and healthier with life expectancy on the rise.

 

The goal of retirement planning should be maximising your income potential and minimising risks. It should not be eating away at your present income but providing enough cover later for you to live comfortably during your retirement years. It totally depends on your circumstances, needs and expectations as every individual has different lifestyle.

Kids Education Planning

The top priority for every parent is to safeguard their children’s future. As with all savings goals, the earlier you start the better.

 

The most important thing is to decide the objective and time period to achieve the aim. Do you want to cover the cost of university fees, help them onto the property ladder or support in another way?

 

School fees, especially in Singapore or for further studies abroad can be a daunting thought for any family. It pays to plan ahead for your children’s education. I can help you ensure that money won’t come in the way of your child’s education.

Insurance and Protection

If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurances.

 

Insurance & Protection go hand in hand to ensure your peace of mind should the unexpected happen.

 

Sometimes life can take unexpected turns. Every year, cancer, heart attacks and strokes effect more than 30 million people. Many of them require continuing, and costly medical care till the end of their lives. Enjoy the peace of mind knowing that your important financial obligations are taken care of in the event the unexpected occurs.

Pensions Transfer

Take advantage of the benefits living in Singapore can have on your pension.

 

Everyone is certain of retiring at some point but you might not be guaranteed a pension. A pension plan is a retirement plan for you or your employer to make contributions into a pool of funds set aside for your future benefit.  Understand how a pension fits with your retirement plans to better secure your financial future.

 

There are options available to make sure your pension is working as hard as possible to ensure your retirement is as comfortable as possible.