Want To Avoid Outliving Your Retirement Nest Egg? Here’s How.

There are two distinctive phases for retirement planning- Accumulation and Withdrawal. However, many of us tend to only focus on the accumulation bit pre-retirement and often neglect the withdrawal bit post-retirement.

Watch this short video as Christopher Tan, CEO of Providend, explains the importance of having a good withdrawal strategy during your retirement to ensure that your money outlasts you.

Hello everyone. Thank you for watching this video clip. We hope that through this way, we will be able to share some of our thinking and hopefully leave some food for thought and make a small impact on your financial and non-financial life.

Today, I’m going to talk about retirement planning.

You know in Singapore, when we talk about retirement planning, a lot has been spoken on accumulating towards your retirement but very little is spoken on withdrawing in your retirement years. And if you look between the two, accumulation and withdrawal, it is the withdrawal part of your retirement that is a lot more complex.

Let me explain. When you are accumulating towards your retirement, the ups and downs of the market actually really do not matter. And if you have been watching our videos, you will realise, you will know that we have always said that in the long term, the stock market always goes up and you really do not have to worry about the short-term fluctuation of the stock market.

But this is different when you are in retirement. When you are in retirement, you really do not want to be withdrawing your money from the investments when the markets are going down.

And so at Providend, we came up with a proprietary approach called RetireWell whereby we split your retirement fund over seven buckets. Monies that you need immediately over the next five years, we put it in safe instruments such as your CPF LIFE and in annuity or retirement income product and into near cash kind of instrument.

But for monies that you do not need immediately, we can spread it across different portfolios of different asset allocation, into bonds and equities. And in this way, you will always have a safe reliable income stream regardless of the performance of the stock market.

And if you find this to be interesting, please click the link below and you can read a series of Thought Leadership articles that were written and published on Business Times.

And if you find this video to be helpful, please share it with your friends. And once again, thank you very much for watching.

Having worked with retirees for almost two decades, we have developed a proprietary methodology called RetireWell® to help retirees create a stream of income according to their needs by optimising all their available resources.

Our RetireWell methodology was featured in The Business Times every month for almost a year in 2017. You can read more here: https://www.providend.com/retirewell-part-1/

For more related resources, check out:
1. Don’t Make Long-Term Decisions Based On Short-Term Information
2. Thoughts & Reflections From Hong Kong: Why Is Investing So Difficult?
3. When Did You Realize You Were Financially Secure and Didn’t Need a Job Anymore?

We do not charge a fee at the first consultation meeting. If you would like an honest second opinion on your current investment portfolio, financial and/or retirement plan, make an appointment with us today.

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