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I was on Facebook surfing around when I saw this Interesting Poll Question done up by AIA Singapore FB Page and this was what’s been asked…
And seems like there is a good number of people who are concerned about having enough to spend or to last through their Retirement, followed by the concern to provide enough for their Family Members.
So is this a concern for you as well? And if it is… how do you go about planning for it?
I would like to share a few pointers that may help you to get started…
But First… When Does Retirement Planning Really Start?
In just a few hours, we will be saying goodbye to Year 2011 and welcoming 2012… how are you, in the financial planning aspects?
Some Questions To Reflect Back In 2011
If you are not too sure of your current state, here’s some general questions that you can ask yourself and it’s also a good reflection of what you need to focus on in the coming 2012…
– Did your savings grow, remain the same or shrink?
– How’s your investment portfolio?
– Do you feel more ready for your Retirement?
– In terms of any unforeseen circumstances – are you prepared?
– With the weather so unpredictable, are your precious assets well protected (or well-insured)?
– In terms of educating yourself in the area of finances, have you done so?
– Your health – is it well maintained?
If you feel that there’s a big shortfall in terms of your planning for any of the above mentioned, I will always say that it’s still not too late – if you sit down, set your mind and draft out some plans to really tackle them in 2012. Likewise, with the financial planning industry gearing up (the recent regulations being that Planners would need to take up more investment credentials to better advise for their clients – it’s a good time to arrange for a discussion with your Financial Planner!
What You May Need To Pay Attention To In 2012
– Unforgiving Economy
Yeah! It’s the time of the year where people have already planned (and went) their holidays, made out a long list of items to buy (to pamper themselves or just anybody in mind) and collecting their well deserved bonus!
And in the usual Financial Planning sense – if you are one of those who are fond of spending away your bonuses (without even thinking and planning), here are a few tips that you may wish to consider to do so first before happily spending (or wasting) it away…
Note: the tips here are meant for your own good and really to help you with your future. Tips mentioned here are not in order of priority as well.
Five Good Tips To Help You With Your Year-End Bonuses
#1 Think Of Your Previous Purchases (Pampering)
Throughout the year, there have been many various types of sales events and the ease of buying things online has even became easier. If you have made your purchases during those times – it’s time to hold your expenses and think twice before spending your bonuses away. You may wish to consider saving a major bulk of it. If you find it hard to do so, just tell yourself you may get to spend a bit more from this saved amount in next year’s sales events.