As they dedicate their love and lives to their households and make constant sacrifices for their family’s & children’s well-being, mothers never retire. For all these, moms deserve more thoughts besides during Mother’s Day. But should mothers also think about planning their own retirement — financially speaking? In this issue, as we give tributes to all mothers, we would also like to give thoughts to a mother’s financial freedom. Mothers deserve a worry-free retirement as well.
4 Things Mothers in Singapore Should Do to Plan for Their Finances
A 2015 survey showed that 75% of Singaporean mothers surveyed had not even thought about retirement, let alone started planning for it. If you’re spending all your energy running after the kids or making sure they pay attention during tuition, here four things you should not forget to do for your finances.
Financial experts advise that it makes sense for mothers (and just about anyone) to pay attention to their financial affairs. According to the US-based National Centre for Women and Retirement Research, nine out of 10 women will eventually have to manage their finances on their own at some point, due to circumstances ranging from leaving the workforce to care for a family member, to becoming divorced or finding themselves widowed.
I seek to reach out to people who believe in creating a safe financial environment for their loved ones. Let me know if I can be of help to someone you know or care about. We can make a difference to lives when it matters most. Cheers.
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DISCLAIMER
This is not an official AIA newsletter. The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of AIA Singapore Private Limited (Company Registration No. 201106386R) (AIA), any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of AIA other than the author.
Grateful to Terran in helping me to secure a comprehensive critical illness coverage with cash value despite me being diagnosed with Type 2 Diabetes! Would recommend Terran to those who are also experiencing a difficulty in getting coverage due to diabetes.
Hong Liang, Assistant Branch Manager
Terran was very nice and really did not hard sell and just truly wants to help a friend to get insured and protected. Really felt good for that!
Yi Sheng, Senior Associate, eCommerce
Terran demonstrates good knowledge of the financial products that he has recommended and he caters the discussion for my needs specifically. Would recommend him to anyone in need of financial advice!
Victor Chow, Field Engineering Manager
Terran has been extremely patient and professional. He took time to understand my situation and needs before providing a systematic solution for my next funds purchase and planning for my retirement.
Happy with my perspective towards investment and retirement planning!
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Thank you for helping me with my financial planning & customizing policies suitable for me. It was great talking to you and I hope that you will continue to share what you believe in and influence more people around you. Jia you!
Rachael Lau
Terran has been very helpful with helping me understand what kind of policies would suit me. I appreciate his eagerness & earnestness in wanting to help & his sense of responsibility in getting the job done & keeping me updated on the progress.
