Tag: retirement planning

My Mother Chose Certainty Over Higher Returns In Retirement

Wooden signpost with two yellow arrows pointing in opposite directions above a coastal bay, representing the retirement trade-off between certainty and higher returns

Last year, David’s mother topped up her CPF Retirement Account to the Enhanced Retirement Sum, giving up liquidity and the chance of higher returns elsewhere. David looks at why she chose it, and at the two problems he sees most often among Singaporeans approaching retirement: how to draw down assets safely, and how much is actually safe to spend each month. Both come back to certainty of income, one of the three Cs behind Havend’s RetireSURE approach.

Two Commonly Overlooked Retirement Expenses and How to Address Them

Retirement planning often overlooks key expenses that can significantly impact your financial security. In this article, we highlight two commonly overlooked costs—healthcare and long-term care—and provide practical steps on how to address them. By planning ahead, you can ensure a smoother retirement and protect your financial future.

Navigating Long-Term Care: Key Challenges & Financial Risk Mitigation Strategies (Part 2)

In Part 2 of our article on long-term care planning, we delve into the key challenges faced by primary caregivers and effective strategies for mitigating financial risks linked to severe disabilities. Caregiving is an emotionally and physically demanding journey, often leading to stress, burnout, and financial strain. We explore the financial implications of caregiving, including the costs of care, healthcare inflation, and the impact of reduced income. Discover three essential financing options—government insurance, personal insurance, and personal assets—that can help secure your financial future. With expert insights from Havend, learn how to navigate these challenges and protect yourself and your loved ones from the emotional and financial burdens of long-term care.

Term Insurance: What Happens If You Outlive It?

Discover what happens if you outlive your term insurance policy. Learn why reaching this milestone can signify successful financial planning, and explore essential steps to ensure your retirement is secure without the need for permanent life insurance.

Should I Get Life Insurance if I Have Substantial Savings?

The role of life insurance is to transfer the financial risk of a death event, often termed as “premature death” or “dying too early,” to an insurance company. Without life insurance, this financial burden could be too heavy for a family to bear. What are these financial risks? They typically include: Providing a continuous income […]

Universal Life Insurance: Does It Boost Your Retirement?

Wealth transfer to children and even through multiple generations is one of the key concerns among affluent and high-net-worth individuals. The reasons are understandable: to be good stewards of wealth, whether built or received and to give their children better opportunities in life. Often, such transfer-of-wealth planning commonly known as legacy planning, typically involves the […]

Is Employer-Provided Life Insurance Enough? 3 Limitations You Need To Know

Employee group insurance, a key perk offered by employers, provides a range of coverages including life insurance, critical illness protection, and more. While these benefits can seem comprehensive, relying solely on employer-provided insurance has significant limitations. This article explores these limitations and highlights why securing your own personal insurance policy is crucial for continuous, tailored, and reliable protection. Discover the advantages of personalised coverage, dedicated service, and ensuring your insurability to navigate life’s uncertainties with confidence.