TrueProtect

29/07/2022

With the evolving mindset of the current generation, the modes of financial planning and insurance have also levelled up. It’s all better and easier because all that the Gen Z counts on are convenience of planning and ease of ex*****on.

What attracts today’s youth are the return on investments and lucrative bids, but what they fail to understand is the importance of being prepared for emergencies.

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Buying a policy at an early age helps you to lock your premium at a lower cost and reduce the total expenditure on life insurance over the course of time.

22/07/2022

There are 4.1 million CPF members in Singapore as of December 2021. In other words, based on Singapore’s population of 5.45 million (as of end June 2021, about four in five people have a CPF account.

Also, most salaried employees in Singapore would have 37% of their income going to their CPF accounts. When broken down, that’s 20% contributed by yourself and 17% from your employer.

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Here are some tips to maximise your CPF for housing, healthcare and retirement to help you get ahead of the game!

15/07/2022

Retirement may seem far off when you are in your 20s and 30s. Still, it is prudent to start early, ideally, when you start earning an income, as building a sizeable nest egg is easier with time on your side.

You reap the benefits of compounding, whereby your money will grow at a faster rate as you earn interest not only on the initial principal sum, but also on the accumulated interest of previous periods.

Getting a head start is all the more important with today’s rising cost of living.

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Time is a finite resource, especially when it comes to building your nest egg. Here’s how the right money moves can put time on your side. . Read more at straitstimes.com.

08/07/2022

Many parents intend to teach their children to have a healthy relationship with money but end up falling short, even though a majority say personal finance lessons are best taught at home.

Some 83% of adults say parents should teach their kids about personal finances, according to a CNBC + Acorns Invest in You survey. Even though they think they should be the ones educating their children about the ins and outs of personal finance, most parents are not, in fact, talking about money with their children.

The same survey found that just 15% of parents talk to their kids about money once a week. More than 30% said they never discuss it with their children.

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"Children need to learn from a very early age that money is not a scary concept," said Debra Kaplan, a licensed therapist, author and speaker.

01/07/2022

Central Provident Fund (CPF) monthly payouts have increased with each successive cohort and are set to keep going up for future cohorts as well, according to a trends report by the CPF Board out on Thursday (May 5).

Median payouts have risen by 25 per cent from 2019 to 2021, thanks to income growth, increased labour force participation and overall improvements to the CPF system.

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A CPF member who turned 65 in 2021 now gets monthly payouts of $580. . Read more at straitstimes.com.

24/06/2022

Retirement may seem far off when we are in our 30s. However, it is easier to begin planning with time on our side.

In hindsight, our only regret was not knowing how to maximise our savings with CPF earlier in our lives.

We feel that CPF provides a great base for us millennial parents trying to provide enough for our children, take care of our parents, and plan for our own retirement concurrently.

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Having difficulties in planning your own retirement while providing for your children and parents? A millennial parent shows how it is easily attainable.

17/06/2022

Alongside the newfound joy of parenthood is an undeniable set of challenges you must face. As a parent, ensuring your baby’s health and safety is the top priority, and frankly, the responsibility is not an easy feat.

Children require a great deal of care and attention, even more so during their first few years of life.

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Congratulations on the newest addition to the family. To protect your child at home, read through this list of essential health and safety tips for new parents.

10/06/2022

Learning about healthcare is much like playing a video game: nobody starts off with all the right equipment, complete with maxed out power, defence and so on. Nobody expects you to defeat the final boss right off the bat.

Instead, you work towards that goal by gaining experience and arming yourself with whatever gives you the best shot of success.

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No matter what your level is in the game of life, this handy guide can help you prepare for the healthcare checkpoints along the way.

03/06/2022

We all want to grow our money and make it work harder for us to achieve our goals. One of the common methods for us to do so would be through investing. However, investments typically come with risks, and these risks could be substantial.

That being said, there are safer options for risk-averse Singaporeans to grow their savings too. These options tend to be less volatile and provide a little more security.

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Here are some lower-risk options to build your savings in 2022.

27/05/2022

As some of our ageing parents like to grouse, you can afford to die, but you can’t afford to get sick in Singapore. Health insurance is an important part of making sure that doesn’t happen to us.

Getting caught unprepared in a medical emergency is an unenviable situation that none of us would fancy ourselves in. That’s why getting health insurance for your parents is essential.

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As some of our ageing parents like to grouse, you can afford to die, but you can’t afford to get sick in Singapore. Health insurance is an important part of making sure that doesn’t happen to us.While some of us are confident that Medishield...

20/05/2022

Even as more Singaporean women are placing a priority on growing their savings, more than 1 in 4 women are still not sufficiently protecting their savings with insurance, in the event of a critical illness.

Regardless of the life stage we are in, it is important to ensure we have the right insurance in place to see us through health crises and higher healthcare-related expenses as we age.

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It’s all about protecting both your health and your wealth, while balancing your protection and savings needs. In partnership with UOB.

15/05/2022

Happy Vesak Day to all our Buddhist friends! May the beauty of prayer and reflection bring peace and tranquility to all ✨