I wish to recommend the Ideal plan from NTUC Income as the best plan for an uncertain world.
It allows you to make regular savings when you are employed. You can top up with adhoc savings, out of your annual bonus or occasional income.
If you have a cash flow problem, you can stop your savings for a short period. There is no penalty.
Your savings can be invested in the Combined Fund from NTUC Income. It is a large, well diversified fund, have $3,500 million of assets, and is managed by 9 top fund managers.
I expect the fund to earn an average of 6% per annum over 10 years or longer, but this is not guaranteed. As it is a large and well diversified fund, the risk is reduced. A few bad investments will not affect the long term return of the fund.
Here are two additional advantage:
- you can buy insurance protection in a separate policy and pay a separate premium
- 100% of your savings is invested from the first month
- our charges are probably the lowest
To know more about this plan, you should attend our educational seminar that is held every two weeks. Call 6788 6636. Website: www.income.coop
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