FINANCIAL PLANNING TOOL

You can use this tool to prepare your personal financial plan. You have to enter your past savings and your regular monthly savings from now. The tool will project your savings at your retirement age based on different yields. This is then converted into the monthly amount that you can draw down over 20 years of your retirement.

The figures are shown before and after adjusting for inflation. The adjusted figures show you what what your retirement income is really worth.

You will also see the impact caused by different investment yields. It is important for you to earn a yield that is 2% higher than inflation rate. Do not be trapped in a low yielding investment.

This financial plan is suitable for people of all ages. It is important for the young people to follow the right financial plan and make the right investment for their future. Those nearly retirement can also adopt the right approach for their past savings.

The tool is available here: http://projects.easyapps.sg/life21d/Planning.aspx. Please introduce your friends and family members to
use this tool. It is critical for their financial future!

Tan Kin Lian
President, FISCA (www.fisca.sg)