tag:blogger.com,1999:blog-7944902213075756335.post737080724509887267..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): An annuity plan for retirement needs.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7944902213075756335.post-87058647609839427052014-03-12T16:57:49.355+08:002014-03-12T16:57:49.355+08:00Hi SGYI,
Coincidentally, I was working on a blog ...Hi SGYI,<br /><br />Coincidentally, I was working on a blog post on this. Just published. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70094338483183136022014-03-12T16:45:42.374+08:002014-03-12T16:45:42.374+08:00Scams company can have huge events also and even a...Scams company can have huge events also and even advertise on newspaper. Check on MAS website if they are listed on the investor alert list. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16063966419991233632014-03-12T13:18:35.998+08:002014-03-12T13:18:35.998+08:00Hi Gary,
I am not surprised that there are people...Hi Gary,<br /><br />I am not surprised that there are people manning the booth. Scams are run by people, after all. ;p<br /><br />24% per annum and in broad daylight. Seriously. Someone should investigate offers like this...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43260521438874881012014-03-12T13:03:07.186+08:002014-03-12T13:03:07.186+08:00Sorry to be a little bit off topic from this post!...Sorry to be a little bit off topic from this post! Saw a roadshow in Bukit Merah Central which displayed "24% per annum"! Company is Islandia and I'm not so sure if really can get 24% per annum! Sounds like scam but the strange thing is that there are people manning the booths!Garyhttps://www.blogger.com/profile/16720789927377358171noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47306790954843341822014-03-12T11:49:01.773+08:002014-03-12T11:49:01.773+08:00Hi NV,
Aiyoh, you like my backward kampong (and s...Hi NV,<br /><br />Aiyoh, you like my backward kampong (and some say peasant) methods har? -.-"<br /><br />I like to bounce my ideas off my primary school going niece. If she can understand what I am saying, then, I think it should be clear enough for my readers. ;p<br /><br />Thanks for the affirmation. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-149893947108350212014-03-12T11:36:14.426+08:002014-03-12T11:36:14.426+08:00Hi AK,
Hahaha, alamak...AK, you too humble and mo...Hi AK,<br /><br />Hahaha, alamak...AK, you too humble and modest lah.<br /><br />Well, many followers of your blog will appreciate your simplicity of explanation using clear examples and avoiding too much financial jargon and confusing blah blah. <br /><br />Had you started your reply to your reader by pulling out a spreadsheet and showing them detailed numbers, maybe half of your readers go NVhttps://www.blogger.com/profile/03843338959169998252noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44585052337156223462014-03-12T11:20:05.347+08:002014-03-12T11:20:05.347+08:00Hi NV,
Excel is for greater productivity.
What I...Hi NV,<br /><br />Excel is for greater productivity.<br /><br />What I do in 10 minutes, you can do in a few seconds once you enter the formula in Excel. This much, I know. :)<br /><br />In my case, as long as I have a calculator, I am happy. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70331365230853928212014-03-12T11:06:28.629+08:002014-03-12T11:06:28.629+08:00Hi NV,
You could be right, in which case, the mon...Hi NV,<br /><br />You could be right, in which case, the monthly payout of $300 ceases at age 86 and there is no payout to the insured's estate in case of her death from age 86 years and 1 day. ;)<br /><br />People are naturally tuned in to nominal values. This is also why people naturally respond to lower prices, often not taking the effort to investigate the underlying value of the offer.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17034230471113666472014-03-12T10:58:48.159+08:002014-03-12T10:58:48.159+08:00Hi AK,
It is not necessary to use Excel.
I also...Hi AK,<br /><br />It is not necessary to use Excel. <br /><br />I also like your "layman" calculation as it is easier for people to understand. Simplicity is best.<br /><br />To be frank, I also do quick and dirty calculations and if i hv time, i will power up my laptop and get the numbers onto my spreadsheets if i want to hv a confirmation of my initial understanding.NVhttps://www.blogger.com/profile/03843338959169998252noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16021583697531147262014-03-12T10:53:15.293+08:002014-03-12T10:53:15.293+08:00Hi AK,
Quoting the reader "If I die at age 6...Hi AK,<br /><br />Quoting the reader "If I die at age 66, my dependents will get $50,798. This is the same for my dependents even if I die at age 86. If I die at age 86, I will get $300 per month for 20 years." <br /><br />So, i was under the impression there is still a payout at age 86 when the insured passes on.<br /><br />Well, if there is no lump payout of $50,798 at age 86 - wah, NVhttps://www.blogger.com/profile/03843338959169998252noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23324957390331912662014-03-12T10:20:51.188+08:002014-03-12T10:20:51.188+08:00Hi NV,
I don't know how to use Excel. :(
How...Hi NV,<br /><br />I don't know how to use Excel. :(<br /><br />However, in the second scenario, if the insured should pass on at age 86, she would have benefitted only from the payout of $300 a month. There won't be any payout to her estate. Is the return still 3.4% per annum?<br /><br />By my understanding, maximum benefit is extracted if the insured should pass on at age 85 years and 11AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80269641540517500012014-03-12T10:16:10.826+08:002014-03-12T10:16:10.826+08:00Hi Solace,
In a nutshell, a lot more can be and s...Hi Solace,<br /><br />In a nutshell, a lot more can be and should be done in promoting a higher level of financial literacy in Singapore. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47481012194005363862014-03-12T09:20:28.192+08:002014-03-12T09:20:28.192+08:00Hi AK,
I am also not a qualified financial adviso...Hi AK,<br /><br />I am also not a qualified financial advisor, so appreciate any comments...;)<br /><br />Using MS Excel's XIRR to get an approximate return:<br /><br />(1) for the first scenario in the event P dies at age 66 and beneficiaries receives lump sum $50798, the implied return calculated by XIRR is only around 0.7% pa.<br /><br />(2) for the second scenario in the event P lives on NVhttps://www.blogger.com/profile/03843338959169998252noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34871720815668545922014-03-11T22:41:46.341+08:002014-03-11T22:41:46.341+08:00Hi AK,
Your "Will i retire happy" and &...Hi AK,<br /><br />Your "Will i retire happy" and "An annuity plan for retirement needs" have me slightly concern.<br /><br />It seems to me many people have difficulties interpreting annuity plan and insurance related plan. This is a major concern to me.<br /><br />If one day, if i reach financial freedom and is willing to step out of my shell, i would advocate term insurance Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.com