Welcome to “Retire with Peace of Mind: A Guide to Achieving Your Dream Retirement”. If you're like most people, the thought of retirement probably makes you want to curl up in a ball and cry. But don't worry, we're here to help. We've spoken to many clients and usually before any real financial advice is given, we've noticed that these 3 questions have to be answered first. Chapter 1: Know what you want for your dream retirement. When it comes to retirement, it's important to have a clear idea of what you want for your dream retirement. Based on my own beliefs, a dream retirement is NOT a government-mandated retirement age of 63. Retirement starts the moment you no longer MUST work for money. Now, for the fun part, let’s talk about the money. Based on my surveys online, it seems like most people need at least $1,500 to $2,500 per month to lead a reasonably basic comfortable lifestyle. But if you want to live like a royalty, you better start saving more. Question to ponder: What is your definition of retirement? What are your top priorities in terms of lifestyle and activities? Chapter 2: Where are you on that journey? Once you have a clear idea of what you want for your dream retirement, it's important to take a look at your current financial situation. This includes assets, liabilities, commitments, and your time horizon. For example, if you have $200,000 in savings, $50,000 in investments, and $100,000 in outstanding housing loans, you have a net worth of $150,000. But that's not all folks! Don't forget about other commitments such as children's education expenses and taking care of our aging parents. These expenses can add up to a significant amount over the years. Just think, you'll have to pay for your kid's tuition fee and your parent's medical bills at the same time. Talk about a double whammy! Question to ponder: What are your current assets, liabilities, and responsibilities? How does this impact your retirement goals?

Starting to have a headache figuring it out? Let’s have a chat! Chapter 3: What are you willing to commit to get to the goal? Now that you know where you are on your retirement journey, it's time to consider what you're willing to commit and where to get to your goal. It's important to understand that there are different layers of income, each with its own level of risk and reward. I believe there are 3 layers to retirement income. The first layer is your guaranteed income. The second layer is your semi-guaranteed income such as annuities or dividend portfolio. The third layer is your windfall money usually coming from some form of capital gain such as selling a stock. For example, if your CPF-Life is paying you $18,000 per year, an annuity that’s paying you $6000 per year, $100,000 investment in an income portfolio that on average pays you 5% which equates to $5000 per year, you might be able to afford a retirement that includes a trip to your nearest hawker centre every day. But if you want to travel the world, eat at fancy restaurants, and play golf every other day, you'll need to save a lot more! We're talking about saving enough to buy a small island! Conclusion: Retirement planning can be overwhelming, but by answering these three questions, you'll be on your way to achieving your dream retirement. Also, don't forget the importance of insurance, and your family commitments when it comes to retirement planning. It's important to have a comprehensive plan that takes into account all aspects of your finances. Don't forget to have some fun and make some memories along the way. Thank you for taking the time to read till the end. Ready to retire with peace of mind? Let's make it happen! Book your free consultation with me today and let's create a comprehensive plan that will give you the peace of mind you need for your retirement. Don't wait any longer, subscribe to my content through WhatsApp now, to be the first to know about the latest retirement planning trends and tips, and learn how to retire with peace