Thursday, December 17, 2015

Set aside savings for specific needs

Mr. Tan
What are your views about planning for the expenses set out in this article?
http://blog.moneysmart.sg/…/5-retirement-expenses-singapor…/
Is it necessary to include these items in the financial planning? How much should be set aside for each item?
REPLY
I do not recommend setting aside a specific amount of savings for each item.
I advise people to make adequate savings to cover all contingencies, including retirement and unemployment.
My approach is explained in this talk.
http://c-onyx.com/page/2363

1 comment:

Kevin George said...

Your blog is a best information provider for those, who are searching for a good financial advisor, Financial planners can help you plan for retirement, find the best way to finance a new home, save for your child's education or simply help put your finances in order. Holborn Assets

Blog Archive