Thursday, January 27, 2011

Sample financial plans

Here are the sample financial plans for:

Age 25
Age 35
Age 60

The reflect the financial situation of people at various stages of their life. You can view the financial plans to understand the approach and request for a projection for your own situation in this website, http://projects.easyapps.sg/life21d/Planning.aspx

Even those who approach retirement need a financial strategy on how to invest their retirement savings to get a good yield. The sample projections show the importance of:
  • Adjusting the capital sum and monthly income at retirement for the effect of inflation
  • Getting a yield at least 2% higher than inflation
  • Avoid buying the bad financial products that gives a low yield or have high risks.
Tan Kin Lian