Hougang Licensed Moneylender

Hougang is a planning area and mature residential town located in the North-East Region of Singapore. For any reason, you require a source of money just approach Hougang Licensed Moneylender to apply for a Best Personal Loan – 1st Credit SG Pte Ltd

Hougang Licensed Moneylender

Don’t make these retirement planning mistakes

Retirement is the time for new adventures of your life. To lead a happy and peaceful life after retiring, you need to gather enough finance that lets you maintain your lifestyle and fulfill your needs. Though it is true that money can’t buy happiness, money plays a significant role in giving you do things that make you happy. Starting earlier to save enough money to deal with fortunate and unfortunate events of your future is a wise decision. Gone are the golden days of pension plans. Now, to ensure that you have enough money to live your life the way you want, a retirement plan is one of the most important financial goals you need to think about. But be very careful about your retirement plans as many people end up making a mistake and repent later. In this article, we will take you through some of the common retirement planning mistakes to avoid.

Not having a retirement plan at all

Alan lakein, a well known author, has rightly quoted that “planning is bringing the future into the present so that we can do something about it now.”  The same applies for retirement planning. If you plan for your retirement in the present, you will be in a better position in the future.

But many people take retirement planning lightly. Not having a retirement plan is the biggest mistake of all. Thinking that you have a lot of time to plan for your retirement and the government will cover it is like digging a hole for yourself to fall into it. Retirement plans are necessary to assess how much money you require to continue with the same lifestyle as you have been living now. Waiting for the right time to come is not going to help you in any way. Instead, it will create more problems as you won’t be able to save as much as you should.

Starting to plan late

Starting with a plan is better than not having a plan at all. On the other hand, the earlier you start, the more you save. Ideally, you must start saving for your retirement as soon as you start earning. One of the best ways is to participate in your company’s retirement plan. Many employers enroll employees in a retirement plan. Find out if your company hosts such a retirement plan. In this way, you will save enough for your retirement by contributing to that plan. You can also invest in private retirement plans in Singapore. Apart from these options, you can discuss with your financial advisor who will provide you with different ways to save more for your retirement.

Overestimating how long you’ll work

It is a good thing to consider that you will live longer. And we hope you do, too! But overestimating how long you will work is a retirement planning mistake to avoid. While you may live long, you most certainly won’t actively be earning any income for that long. In fact, as a thumb rule, consider 30 non-working years after your retirement that you will need money for.

Underestimating healthcare costs

People often assume that they will be in the same health as they age. As a result, they plan their retirement on the basis of their current medical health condition and healthcare costs. In other words, they make plans based on their present situation. But as our age increases, we require medical assistance more often. People who fail to consider this possibility while planning for their retirement face financial problems after they retire.

Considering your future will be as same as your present is not wise, especially when it is about your health. You may never know what might come your way in the future and how much of a pay rise you are expected to see a few years down the line. Therefore, it is always recommended to plan your retirement in such a way that it takes care of your future healthcare expenses.

Underestimating life expectancy

Thanks to the advent of state of the art technologies in medical sciences, we have seen an increase in the life expectancy by many folds. In such a scenario, if you plan your retirement by underestimating how long you will live, you may not be left with enough funds. Therefore, it is recommended to consider that you are going to have a long life and plan your retirement based on this assumption. In this way, you will not have to struggle for money in your late 80s or 90s.

Relying on the government after your retirement

If you are thinking that the government will continue funding you after your retirement, you are wrong. There is no guarantee that the government will financially support you after you retire. Many countries now expect people to gather and save funds for their days after retirement by themselves. Though there are government schemes that might be helpful for gathering funds for your retirement, there are no pension plans anymore by the government.

A happy and peaceful life after retirement is all that one expects. But it is now your responsibility to save enough for years after your retirement. You need to start with a plan as soon as you start earning. Consider all the good and bad events that may happen and plan your retirement plan accordingly. Consult a financial advisor to chalk out a retirement plan for you.

No.1 Licensed Moneylender

Drop by our premises to have talked with our experienced consultant. 1st Credit SG Pte Ltd’s office is residing at 149 Rochor Road #01-07 Fu Lu Shou Complex Singapore 188425. It can conveniently reach buy riding MRT, the nearest station is Bugis Station. 1st Credit SG Pte Ltd office is open every day including Weekends just except      Public Holiday. As one of the best money lenders in Bugis, we are certain that we will be able to help you solve your immediate problem. Especially, we offering personal loans in low interest rate with adjustable repayment plans.

1st Credit SG Pte Ltd welcomes all income level Singapore or PR to apply for a personal loan. In fact, they are all proficient with lending knowledge and have been in this line for many years. Indeed, the experiences they will be able to help you sort out your problem. Reach us at 6266 5422 to get more information  Moreover, we have a long list of customer satisfaction, you may see the customer comment from  Google Reviews.

Licensed Moneylender Nearby

Central RegionWest RegionEast RegionNorth Region
Bugis Licensed MoneylenderJurong Licensed MoneylenderChangi Licensed MoneylenderWoodlands Licensed Moneylender
Downtown Licensed MoneylenderClementi Licensed MoneylenderChangi Airport Licensed MoneylenderSembawang Licensed Moneylender
Central Area Licensed MoneylenderPioneer Licensed MoneylenderSimei Licensed MoneylenderMarsiling Licensed Moneylender
CBD Licensed MoneylenderTuas Licensed MoneylenderPasir Ris Licensed MoneylenderYishun Licensed Moneylender
City Hall Licensed MoneylenderJoo Koon Licensed MoneylenderTampines Licensed MoneylenderAng Mo Kio Licensed Moneylender
Raffles Place Licensed MoneylenderChoa Chu Kang Licensed MoneylenderTanah Merah Licensed MoneylenderToa Payoh Licensed Moneylender
Bras Basah Licensed MoneylenderYew Tee Licensed MoneylenderBedok Licensed MoneylenderBraddell Licensed Moneylender
Chinatown Licensed MoneylenderBukit Batok Licensed MoneylenderEunos Licensed MoneylenderBishan Licensed Moneylender
Orchard Licensed MoneylenderBukit Gombak Licensed MoneylenderKallang Licensed MoneylenderBuangkok Licensed Moneylender
Marina Bay Licensed MoneylenderBuona Vista Licensed MoneylenderGeylang Licensed MoneylenderBuangkok Licensed Moneylender
Tanjong Pagar Licensed MoneylenderLakeside Licensed MoneylenderSentosa Licensed MoneylenderMandai Licensed Moneylender
Clarke Quay Licensed MoneylenderChinese Garden Licensed MoneylenderPaya Lebar Licensed MoneylenderPotong Pasir Licensed Moneylender
Boat Quay Licensed MoneylenderToh Guan Licensed MoneylenderLavender Licensed MoneylenderAdmiralty Licensed Moneylender
Shenton Way Licensed MoneylenderGul Circle Licensed MoneylenderKatong Licensed MoneylenderHougang Licensed Moneylender
River Valley Licensed MoneylenderDover Licensed MoneylenderTai Seng Licensed MoneylenderSengkang Licensed Moneylender
Little India Licensed MoneylenderBoon Lay Licensed MoneylenderKaki Bukit Licensed MoneylenderPunggol Licensed Moneylender
Dhoby Ghaut Licensed MoneylenderHolland Village Licensed MoneylenderLoyang Licensed MoneylenderSerangoon Licensed Moneylender
Queenstown Licensed MoneylenderRedhill Licensed MoneylenderKembangan Licensed MoneylenderKovan Licensed Moneylender
Tiong Bahru Licensed MoneylenderWest Coast Licensed MoneylenderUbi Licensed MoneylenderCanberra Licensed Moneylender
Redhill Licensed MoneylenderLim Chu Kang Licensed MoneylenderMacPherson Licensed MoneylenderKranji Licensed Moneylender
Holland Village Licensed MoneylenderNovena Licensed Moneylender
Outram Park Licensed MoneylenderBukit Panjang Licensed Moneylender
Bukit Timah Licensed MoneylenderEast Coast Licensed Moneylender
Balestier Licensed Moneylender
HarbourFront Licensed Moneylender
Havelock Licensed Moneylender