Eisel Ray Professional Advisory Network

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Maximize Your Tax Benefits: 5 Reasons Why Incorporating Your Company Can Be a Game-Changer! πŸ’°πŸ’Ό From partial/full tax exe...
18/04/2023

Maximize Your Tax Benefits: 5 Reasons Why Incorporating Your Company Can Be a Game-Changer! πŸ’°πŸ’Ό From partial/full tax exemption to early access to financial services, find out how incorporating your company can simplify your tax filing process and save you money in the long run.

Many of us may not want to lower our standard of living in our retirement years, especially after working so hard and be...
17/03/2022

Many of us may not want to lower our standard of living in our retirement years, especially after working so hard and becoming accustomed to such a lifestyle. It may be even harder if you aspire to enjoy some luxuries during your golden years (i.e. Age 66 - 80). πŸŽƒ

Some common errors in today's planning are neglecting inflation & GST and medical needs in your golden years. Costs of the things we buy today will likely increase next year, and the year after, and the year after that. Just ask your parents. GST will also be taxed at 9% by 2024. As such, factor in a 2% adjustment does help to future proof your retirement plan. πŸŽƒ

While topping up your CPF today to meet a higher annuity payout in the future does make some sense, it's hardly the most efficient strategy for most people as upsizing your annuity plan would means lower amount to consume when you need it the most (i.e. the golden years). πŸŽƒ

As Annuity is an insurance to protect against living too long, the breakeven age is computed to be approximately the average lifespan of a person (i.e. Age 85). πŸŽƒ

At the end of the day, you don’t want to be left in a situation where you’ll have to take up a part time job or drastically reduce your standard of living halfway through your retirement because your nest egg may not last. πŸŽƒ

Remember, anything you save and invest today will feel like you’re taking away from yourself. But the good news is that it will be helpful to your future self. πŸŽƒ

When in doubt, contact your trusted financial advisor / accountant as this is only way that you can achieve a 5 stars efficiency in retirement planning. πŸŽƒ
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Even with GST at 9%, the rate remains lower than the average of 12% across Asia. πŸŽƒThe staggered rate change, enhanced as...
24/02/2022

Even with GST at 9%, the rate remains lower than the average of 12% across Asia. πŸŽƒ

The staggered rate change, enhanced assurance package as well as the GSTV scheme have shown that the government is sparing no effort to reassure that they have the welfare of the citizens at the top of their mind. πŸŽƒ

For personal tax, the tax rate structure has not changed since YA 2017. The increase is expected to affect only the top 1.2% of taxpayers. πŸŽƒ
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Are you getting your child below 12 years old vaccinated against COVID-19, your first vaccination, or the vaccine booste...
17/02/2022

Are you getting your child below 12 years old vaccinated against COVID-19, your first vaccination, or the vaccine booster shot? πŸŽƒ

Have peace of mind as you take this brave step towards protecting yourself and loved ones with the AIA COVID-19 Vaccine Protect – a FREE insurance that provides cash payout if you're hospitalised due to complications from MOH-approved COVID-19 vaccines. πŸŽƒ

Sign up via the link provided or message me if you need more information. πŸŽƒ

Limited time offer only. Contact me to find out more or click on the link "Free Covid-19 Vaccine Cover" through the link provided under my Bio-ContactπŸ‘‡. πŸŽƒ

T&Cs apply. Please refer toΒ the application website for full details. Protected up to specified limits by SDIC. πŸŽƒ

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Singapore Citizen or Permanent Resident born in 1980 or later will be automatically covered under the CareShield Life on...
14/02/2022

Singapore Citizen or Permanent Resident born in 1980 or later will be automatically covered under the CareShield Life on 1 October 2020 or when they turn 30. πŸŽƒ

As the coverage for the basic plan is not sufficient for long term care, the Govt has approved Aviva, GE & NTUC to provide enhancement to the basic plan (Careshield Life), fully payable via Medisave. πŸŽƒ

Recently, AIA has partnered with Aviva to provide the upgrading service. If you're interested or looking for a qualified accountant / advisor to look after your financial wellbeing, please do not hesitate to contact us. πŸŽƒ
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Many people fall prey to this misconception that investing is a game of luck (i.e. gambling), so the luckiest man on ear...
17/11/2021

Many people fall prey to this misconception that investing is a game of luck (i.e. gambling), so the luckiest man on earth should be among the billionaire investors or the top fund managers. Is that really the case? πŸŽƒ

The answer is NO. In a game of luck (slot machine), you're taking an uncalculated risk when you pull a lever on a slot machine. The longer you play, the higher is the probability of losing your capital. πŸŽƒ

In investment, you consider all economic factors, accounting analysis and knowledge of the underlying business environment to make an informed decision. The longer you stay invested, you're are less likely to be in a loss position. πŸŽƒ
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No doubt some jobs are safer than others. The world will always need accountant & analyst and this unlikely to change at...
04/11/2021

No doubt some jobs are safer than others. The world will always need accountant & analyst and this unlikely to change at least for a good few decades. πŸŽƒ

However, if your passion is helping others, filming wild animals or start your own business, don't listen to those who try to convince you that it's too risky πŸŽƒ

As it's only risky if you did not put in enough work into finding out what it takes and then making sure you fit the bill. πŸŽƒ

FOLLOW YOUR PASSION
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I've friends who languish on a slow career ladder for years, wondering why other people are being promoted ahead of them...
04/11/2021

I've friends who languish on a slow career ladder for years, wondering why other people are being promoted ahead of them, despite having a similar portfolio/job scope. πŸŽƒ

The reason is simply that they're not bringing their good work / successes to the attention of their boss. πŸŽƒ

In this rapid business world, managers don't have the time to sit around reflecting what their associates have been up to. It has to be made known, the most subtle way possible. πŸŽƒ

BE DAMN GOOD AT YOUR WORK FIRST, THEN TELL YOUR BOSSES ABOUT IT
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Even the people who do hanker after a more traditional idea of success can have widely differing views. We are all creat...
04/11/2021

Even the people who do hanker after a more traditional idea of success can have widely differing views. We are all created differently. πŸŽƒ

Some want money to flash it around, others so they feel safe. Some want a top position for status, others do it for the challenge. πŸŽƒ

Talk about it during your next financial review with your advisor. Because if you don't plan about it, you can't work towards it. πŸŽƒ

SUCCESS IS WHAT YOU SAY IT IS
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I've friends who languish on a slow career ladder for years, wondering why other people are being promoted ahead of them...
04/11/2021

I've friends who languish on a slow career ladder for years, wondering why other people are being promoted ahead of them, despite having a similar portfolio/job scope. πŸŽƒ

The reason is simply that they're not bringing their good work / successes to the attention of their bosses. πŸŽƒ

In this rapid business world, managers don't have the time to sit around reflecting what their associates have been up to. It has to be made known, the most subtle way possible. πŸŽƒ

BE DAMN GOOD AT YOUR WORK FIRST, THEN TELL YOUR BOSSES ABOUT IT
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I've friends who languish on a slow career ladder for years, wondering why other people are being promoted ahead of them...
01/11/2021

I've friends who languish on a slow career ladder for years, wondering why other people are being promoted ahead of them, despite having a similar portfolio/job scope. πŸŽƒ

The reason is simply that they're not bringing their good work / successes to the attention of their boss. πŸŽƒ

In this rapid business world, managers don't have the time to sit around reflecting what their associates have been up to. It has to be made known, the most subtle way possible. πŸŽƒ
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Singapore

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