When people do financial planning, they often scrimp and save for the future that might never come. That is why at Providend, we adopt the purpose-driven financial planning approach – To always first ask our client what is that meaningful life that they want to live today before proceeding to set aside money for the…
A retirement strategy optimally addresses two life stages- Accumulation and Withdrawal.
The first stage is the accumulation phase- To invest with a healthy growth target, given one’s risk capacity. The second stage is the withdrawal phase- To generate a reliable stream of income every month for the rest of your life.
Accumulating for Retirement
It is not easy to make retirement planning a priority when other financial goals—buying a first home, for example, or saving for a child’s education—appear more pressing. But the sooner a plan is put in place, the more effective it can be, thanks to the magic of compound interest.
As you plan to save for your retirement, there are many ways in which this can be achieved, namely investing, monetising your property, CPF and SRS etc. We will guide you throughout your working years by providing time-tested and holistic financial solutions built on meeting your desired lifestyle goals.
With the diverse expertise of our team, the experience we have gained over the years in financial markets and in sitting on national pension scheme panels, you will then receive a financial plan, crafted with empathy and unmatched financial knowledge.
Drawing-Down in Retirement
Retirement today is more than just a matter of accumulating enough money. Increasing life expectancy has made retirement an extended stage of life.
In the near two decades that we have worked with retirees, we understand one thing: Reliability of income is more important than return on investment at this phase of your life. As such, we have developed a proprietary methodology called RetireWell®, that can help you draw down strategically from your retirement nest egg.
Our Retirewell® methodology was featured in The Business Times every month for almost a year in 2017 and has 11 parts to it, namely:
- Part 1: Drawing Down Retirement Money
- Part 2: Offering Retirees Security and Peace of Mind
- Part 3: Low Cost, Consistent Results
- Part 4: Counting on low-cost Index Funds
- Part 5: Investment Philosophy for a Retiree Client
- Part 6: Ensuring a ‘Safe Retirement Income Floor’
- Part 7: Remain Invested Over the Long Haul
- Part 8: Purpose-Driven Retirement Planning
- Part 9: A Tale of Two Retirees And Their Fortunes
- Part 10: Stock Markets Always Rise Over The Long Term
- Part 11: Retirement – It’s About The Kind Of Life You Want To Lead
With Retirewell®, we will design a plan that will give you a safe and reliable stream of income for the rest of your life, with provisions for legacy in the event of demise, so that you can live up your retirement with peace of mind.
Life is complex. Your financial life is even more so, especially with so many financial options and investment opportunities to choose from. Take uncertainty out of the equation and tap into the wealth of specialist expertise within our team spanning the financial planning, investment management, estate planning and insurance spectrum.
Before engaging us for our services, we offer a complimentary, no obligation initial meeting where we can chat about where you’re currently at, where you would like to be, and what might be keeping you up at night. We will give you our honest feedback regarding our ability to help you achieve your objectives and address the financial challenges you may be experiencing.
Let us help you take care of what’s important so that you can focus on what matters most to you.
( Providend was founded and established as the first Fee-Only Financial Advisory firm in Singapore by Christopher Tan in 2003. As a boutique-sized, professional practice firm, we are widely quoted in publications and the media for our expert opinion on financial matters. Learn more about us and our advisory process here. )
Learn More About Retirement Planning
In this first installment of our 7- parts series on Retirement planning, we share the importance of planning for our retirement. This event was conducted on 5th of May 2016 by Christopher Tan, CEO of Providend.
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