Shona Ho Financial Planning

07/10/2022

Most often than not, we would meet on each of our birthdays to feast and spend time together.

This time, it's mine. Happy Birthday to me!

19/07/2022

It pains my heart when i have been reading news about people developing conditions due to COVID 19, rendered them disabled amd the latest, a 4 yo child passing away just like that.

Having my elder son at the same age, it makes my heart ache just by readinfg the news. I can't imagine the anguish the parents have to face.

My deepest condolences to the parents and all those who lost someone dear to them.

01/06/2022

FIRE - a financial planning concept that has been going around for years. Many planning and products are structured for this movement.

Financial
Independence
Retire
Early

Which is when we evaluate portfolios for clients, that they only get to enjoy their fruits of labour at retirement, while slogging through these 25/30 years.

But sadly, many people are starting to battle with illnesses at a younger age these days. Statistics have shown that the most claims for CI happens between 41-65 years old. So it means that before you get to enjoy financial freedom, you will be plagued by treatments and medical bills. How would you then enjoy your retirement life?

So it dawned upon our team director to re-think about our planning philosophy - What if we can enjoy the fruits of our labour at strategic intervals of the 25-30 years of slogging journey? Take a break, smell the roses and spend time with our family or doing things that we love. Enjoy the FREEDOM TODAY, while knowing that your FUTURE is SECURED.

We call this new planning philosophy - WATER

Wealth
Accumulation
Towards
Every
Retirement

If this sounds interesting to you, let's chat!

14/05/2022

As travel starts to pick up, many clients are contacting me for travel insurance. As INPUT being one of my top talent - i tend to be zealous in understanding products and their benefits in order to make the most suitable recommendations, regardless of product class.

Many travellers may think that travel insurance should be quite similar between the insurers, unfortunately it is not so with COVID cover. Insurers have been making changes too. I've come across some cases where travellers purchase travel insurance without COVID coverage as the insurer made COVID coverage an optional benefit.

There are also some insurers who incoporate an excess element for claims related to COVID benefits. Another insurer could have an updated definition that an approved quarantine facility need to house 100% of COVID patients in order to qualify for claims.

So before jumping the gun to get any travel insurance, why not spend some time to understand what are you being protected? If you lack of the time to research, just leverage on your friend who has already done the homework. ME! 🤣🤣🤣

11/05/2022

Great walk at Botanic Gardens to start the day right.

Another good friend who decided to pause in work life journey to smell the roses.

So excited for her for what she has planned!

05/05/2022

Hey !

HOPE when you look back when you are older and still love Hello Kitty as much as your mummy do!

Thank you for the curated gifts! They are so so adorable!

commented that the headbands are so super soft！

Their response and service is also prompt and impeccable!

If you are scratching your head for your friend's newborn gift, you can use my promo code on their website for 15% discount! Quote "SHONA15" for the discount. ($4.50 delivery fees still applies for orders below $60 after discount)

30/04/2022

It was a gruelling Phase 1 training to become a financial consultant. The trainers at do not take it lightly to ensure that the clients are not shortchanged in terms of the service experience, hence the tough initial training.

We were glad to have each other's backs during that training phase. The Best Frontliners, they say!

#

23/04/2022

Ever since the start of my career, I have met and spoken with quite a few people whom rely heavily on their hospitalization plans.

The general perception was my hospitalization expenses will be enough if anything happens to them. Hence, they do not need any other form or mininal protection in areas such as critical illnesses.

As the article pens out, there are many unclaimable expenses that the insurers explicitly excludes. Most recently, there was another article about off-label drugs being not covered by certain insurers. And these drugs are usually expensive and requires frequent cycles.

I have also heard from clients that their past conditions were not declared by the previous adviser as the condition was discharged a few years ago. I genuinely worried for them that there will be chances that the insurer will reject any pay out in a relapse due to non-disclosure.




https://www.todayonline.com/commentary/understanding-why-medical-insurance-claim-gets-queried-rejected?fbclid=IwAR0KXKG-aDpK1vvxMKXVUWxsahmV4BLHURS_b0kODUjQmjva2ZDoBe6ddEc

You have purchased an integrated shield plan (IP) hospitalisation insurance policy many years ago. You have never fallen sick so you have no experience in making a claim.

20/04/2022

Singapore's government has put in place several schemes to care for it's citizen, ensuring that basic care is available for all citizens and residents.

This article explains the key differences between Careshield Life, Eldershield and Medishield Life, which are confusing for most people.

The government also recognizes that these schemes only takes care of the basic needs, e.g: Medishield Life covers up to B2/C ward in government hospitals, Careshield Life pays out $600/mth in the event of severe disability which affects your 3 daily living activities as long as you live.

Hence, they work with private insurers to allow enhancements of these basic schemes, by allowing policyholders to pay part of the premiums using Medisave, subjected to withdrawal limits.

While the government schemes allows coverage for pre-existing conditions, enhancements with private insurers are subjected to medical underwriting. This is the part where many people faces regret of not taking action sooner when they were still healthy.

Be wise and leverage of what the government offers to the maximum.
I'll be more than happy to share with you what i know.

You should care about CareShield Life.​

16/03/2022

Did you know the CPF Full Retirement Sum has steadily increased from $80k in 2003 to $192k this year? This sum will also increase from 3% to 3.5% per year for the next 5 years.
What exactly is the CPF Full Retirement Sum and how will this increase affect you?

Join us in our upcoming Client Webinar, Who Wants To Be A CPF Champion? where we share with you the concepts of hitting FRS with real life experiences from our guest speaker!

Through the webinar, we hope to share with you tips and actionable steps that you can apply to maximise your CPF accounts, and more importantly, share with you key financial considerations to help you make an informed decision when it comes to managing your CPF monies!

PM me to register your attendance :)

21/02/2022

What You Need To Know About SG Budget 2022

Singapore Budget 2022 was announced by Finance Minister Lawrence Wong in his Budget speech on Friday (Feb 18). One of the main highlights was the delay of the planned Goods and Services Tax (GST) hike to 2023 and the increase will be staggered; the first increase from 7% to 8% will take place on Jan 1, 2023, and the second increase from 8% to 9% will commence from Jan 1, 2024 onwards.

Further to that, Budget 2022 includes the Government’s initiatives to cushion the impact of the GST hike. Additionally, it will introduce new measures and enhance existing initiatives, to support businesses and households. Budget 2022 also aims to strengthen digital capabilities, make innovation pervasive, develop people and advance Singapore’s green transition.

To give you a summary on Budget 2022, here’s an overview of What You Need To Know About SG Budget 2022. Feel free to share it with the people around you as the saying goes; sharing is caring! Together, we will build a strong and vibrant economy, develop a future-ready workforce, and chart our new way forward together.