tag:blogger.com,1999:blog-7944902213075756335.post8697941862336436088..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): An annuity proposal: A case study.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-7944902213075756335.post-56460097102566683012018-07-22T17:50:51.980+08:002018-07-22T17:50:51.980+08:00Reader says...
If we have already set aside FRS, w...Reader says...<br />If we have already set aside FRS, which private annuity will you recommend? Ntuc annuity looks okay. Any advice. Thanks.<br /><br />AK says...<br />No advice. Call up different insurers for quotations. Compare and decide on your own. <br />I give you an example:<br />http://singaporeanstocksinvestor.blogspot.com/2014/07/an-annuity-proposal-case-study.htmlAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71202909896571697622014-07-28T12:06:46.611+08:002014-07-28T12:06:46.611+08:00Hi Solace,
I actually shared this article on my F...Hi Solace,<br /><br />I actually shared this article on my Facebook wall a few days ago too. Definitely a great development. Should have happened years and years ago. :)<br /><br />"Speaking at the release of the MAS annual report, managing director Ravi Menon said a reason why consumers venture into unconventional and often risky products is that simple, lower-cost products are not easily AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40200992764621967102014-07-28T11:46:09.648+08:002014-07-28T11:46:09.648+08:00Hi AK,
I guess "That someone and his friends...Hi AK,<br /><br />I guess "That someone and his friends " should have something bigger to worry about than your blog post.<br /><br />I am referring to this:<br />http://www.channelnewsasia.com/news/business/singapore/mas-to-help-consumers/1280994.html <br /><br />"Mr Menon added that by early next year, consumers who do not require financial advice will be able to purchase term Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10930861692959371852014-07-27T17:21:29.057+08:002014-07-27T17:21:29.057+08:00Hi Solace,
Thanks for weighing in on the matter. ...Hi Solace,<br /><br />Thanks for weighing in on the matter. :)<br /><br />I laughed a bit when I read the bit about bit coins. Oops. Too many bits. ;p<br /><br />I agree with you totally but, ultimately, it really depends on the individual and what he is comfortable with.<br /><br />Blog posts like this one have a tendency to step on some toes. We have to remember that someone who needs to bring AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46368363000769907192014-07-27T16:06:51.945+08:002014-07-27T16:06:51.945+08:00Dear AK,
A very good exchange of views I can see....Dear AK,<br /><br />A very good exchange of views I can see. Here goes my input.<br /><br />1. CPF life is a good annuity plan on its own, I don't see a need to have another to replicate it.<br />2. I am wary of distribution costs and effect of deduction on all insurance products, ask the reader to check them carefully 1st. I always favor term insurance because of such expenses earned by Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38113805100208780732014-07-27T14:09:57.007+08:002014-07-27T14:09:57.007+08:00I would like to second what AK71 just posted....
...I would like to second what AK71 just posted....<br /><br />Annuities are great for retirement income but we don't need more than one, especially when existing ones are not comparable with CPF Life....<br /><br />For those enviable ones, to max out your SA for the higher payouts at your DDA is the best option now. Other than all the benefits which were mentioned already, I don't find any AK63https://www.blogger.com/profile/06563753793531702914noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55314209552712592452014-07-27T13:36:44.058+08:002014-07-27T13:36:44.058+08:00Hi AK63,
This is why I said I am not sure that th...Hi AK63,<br /><br />This is why I said I am not sure that this annuity is a good product but some might have misconstrued my intentions. ;p<br /><br />Of course, I believe that an annuity is a good thing for retirement funding. I have to be bonkers to think otherwise.<br /><br />However, if we are after an annuity to help fund our retirement, it could be a better idea to simply bump up our CPF-SAAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41224132124767446732014-07-27T13:22:22.701+08:002014-07-27T13:22:22.701+08:00That was off-topic and letting-off sour-grapes ste...That was off-topic and letting-off sour-grapes steam lah.... :)))<br /><br />Let's come back to the annuity thinggie. I'm someone who after reading many books many times over and over again still cannot grasp the simplest of things kinda person and also not highly educated. But with my simplest calculation, I also think that this annuity is only 1/3 as good as CPF Life. $150k pays $6.6k+ AK63https://www.blogger.com/profile/06563753793531702914noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43360313284537388522014-07-27T13:12:33.454+08:002014-07-27T13:12:33.454+08:00Hi AK63,
LOL. I had a good laugh. Thank you for r...Hi AK63,<br /><br />LOL. I had a good laugh. Thank you for reminding us what Sundays should be like! <br /><br />A discussion about annuities is definitely too heavy a topic for Sundays. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91990977902478980942014-07-27T13:02:30.206+08:002014-07-27T13:02:30.206+08:00Here we have the rich talking among the rich about...Here we have the rich talking among the rich about where to put their extra riches, the envy of others lah....<br /><br />Whoever can take out one big cash lumpsum to buy annuity is definitely not people who need to worry about life's woes lah....<br /><br />Those who have SA already above MS and still considered having little got nothing to worry about lah....<br /><br />As for those who canAK63https://www.blogger.com/profile/06563753793531702914noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80750462358846034842014-07-27T10:44:39.898+08:002014-07-27T10:44:39.898+08:00Hi Mike,
Haha... Well, if they have already met t...Hi Mike,<br /><br />Haha... Well, if they have already met their minimum sum requirements and if they want another source of assured retirement funding, then, another annuity is a good instrument to have. <br /><br />Your colleagues are luckier than 50% of CPF members who cannot meet the minimum sum requirement. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46775002912023780112014-07-27T10:39:47.946+08:002014-07-27T10:39:47.946+08:00Haha for the 2 rice bowls colleagues, their CPF wh...Haha for the 2 rice bowls colleagues, their CPF while little, is already above min sum for CPF life.<br /><br />Also for those buying annuity, it means they have hundred of thousand cash to spare, unless they are self employed or have a big house, it is highly likely that the CPF MS is already met.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68267268394991969302014-07-27T10:28:25.105+08:002014-07-27T10:28:25.105+08:00Hi Mike,
Thanks for weighing in on this. :)
To b...Hi Mike,<br /><br />Thanks for weighing in on this. :)<br /><br />To be honest, I expected many more response to this blog post. Many more have insurance compared to investments, I was told. Well, maybe because it is a long weekend. ;p<br /><br />I will say something that might make me sound like a government supporter but regular readers will know better.<br /><br />If it is an annuity that we AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8338278549063565372014-07-27T10:04:01.283+08:002014-07-27T10:04:01.283+08:00Oh no, just read the comments in detailed after I ...Oh no, just read the comments in detailed after I post it. The relevance of the product to the person is already discussed, and you are approaching from the angle of investment merits. Well, then we all know equity returns will beat insurance annuity returns hands down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51404305912866119482014-07-27T09:55:44.662+08:002014-07-27T09:55:44.662+08:00Hi AK,
Just last week, I was taking to 2 colleagu...Hi AK,<br /><br />Just last week, I was taking to 2 colleagues who were planning about their option for pension. There were 3: <br />1) take everything at one lump sum<br />2) take 1/3 of lump sum and has a lower payout for the next 12 years, after 12 years the payout will normalized.<br />3) no lump sum, pay u until u die.<br /><br />There were plenty of teasing from me about being a rice bucketAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4655618267583298382014-07-27T08:28:26.023+08:002014-07-27T08:28:26.023+08:00Hi pf,
I can only hope that my blog has done more...Hi pf,<br /><br />I can only hope that my blog has done more good than bad. Of course, it is really for readers like yourself to decide if this is the case. <br /><br />So, thank you very much for the encouragement. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86000164383377670022014-07-27T05:42:25.802+08:002014-07-27T05:42:25.802+08:00Yeah. This blog is a great job! :)Yeah. This blog is a great job! :)pfhttps://www.blogger.com/profile/07201135543092422698noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45444535371238316732014-07-27T00:17:28.413+08:002014-07-27T00:17:28.413+08:00EHL:
Nothing can beat the CPF life in terms of ret...<b>EHL</b>:<br />Nothing can beat the CPF life in terms of returns.. But then again.. <br /><br />The whole point of the insurance annuity is supposed to be an insurance..Insurance bro.. Not investment.. CPF life doesn't give you a death benefit.. Neither does it give you coverage against total permanent disability.<br /><br />Most important is for the readers to understand what goes into theAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72615845501692994682014-07-26T23:48:33.767+08:002014-07-26T23:48:33.767+08:00From FB wall:
EHL:
1) if you're looking for h...From FB wall:<br /><br /><b>EHL:</b><br />1) if you're looking for higher than inflation rate returns, obviously you're looking at the wrong place<br /><br />2) annuity is not meant to be an investment, it's an insurance<br /><br />3) insurance is meant to hedge against uncertainty in living shorter than expected<br /><br />4) insurance comes with a cost.. Hence the lower returns<br /AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88323579572446913132014-07-26T23:30:14.432+08:002014-07-26T23:30:14.432+08:00Hi pf,
Always good to have another perspective. :...Hi pf,<br /><br />Always good to have another perspective. :)<br /><br />I believe the idea of an annuity is good but whether this particular annuity is good or not, I am not so sure. I like CPF Life. That I am sure.<br /><br />However, I am also sure that this annuity will sufficiently meet the needs and demands of certain people, just not mine. ;)<br /><br />You have raised an interesting AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10487242306497354902014-07-26T21:30:38.637+08:002014-07-26T21:30:38.637+08:00I think the annuity is good. Dividends also not gu...I think the annuity is good. Dividends also not guaranteed. Principal sum invested in dividend stock also not guaranteed. Just leave the money in annuity and not think abt it.<br /><br />Money unable to take out easily also good. Prevent the "magic stone" ppl, the poor relative who needs a big break in his business, the son who wants to be sent overseas for further studies or a big pfhttps://www.blogger.com/profile/07201135543092422698noreply@blogger.com