After setting aside ERS and fully paid residential home, I have near to $2 mil in investible amount (cash, maturing insurance, SRS, CPF). Any advice from the panel on what is most appropriate in my situation?

Hi Anon. At your age, I would only focus on two things.

Income Income Income & Capital Preservation.

Here's a simple example of holding a 30% Equity 70% Fixed Income Portfolio giving you a blended 4% p.a can do for you and how withdrawing 3% of your portfolio or 60k per year plus adjusting for inflation at 2% p.a will look like.

Over 39 years till you are 95 years old you would get a constant 5k/mth adjusted 2% yearly for inflation and by age 95, you end up with more money than you started with.

The key here is the portfolio construction to make sure you have very limited volatility and still remain globally diversified.

I would use a combination of investment funds and lifetime annuities to give you this blended payout. But one thing we want to make sure of is that we get income from our assets, that it's working harder than the inflation rate while our investments stay protected.

I've worked with retirees and pre-retirees for the majority of my career and am currently working on a book titled Living Till 120 - How To Make Your Money Last Forever. I am a big believer in lifetime guaranteed income planning and could help you craft and navigate a retirement income portfolio to make sure you never run out of money or worry about the next paycheck from your portfolio.

Hope this helps and if you'd like do reach out to me on Facebook or email me at [email protected]

Hi there,

Thank you for your question. I have many clients whom are also having the same worries. In my opinion, there are many different ways to go about doing it. If you are more gear towards retirement stage, investment might not be the best solution as the stock market can be very violatile. At the same time, the current Covid-19 situation will keep the stock market unpredictable as well. I have also experienced robo but does not have many positive returns especially at this period of time.

To answer your question, you may want to consider to increase your capital through conventional methods, (1) to increase your saving's interest rate through Combination of various private banks (2) Single Premium with guaranteed returns, (3) Tranche plans as well as short term plans. (4) Universal Life Plans.

Some of these are equally good to build your wealth.

Going towards retirement, one should lessen the risk exposure as much as possible, and focus on building wealth or legacy without worries. This way both you and your spouse will be able to enjoy retirement without having to worry whether the stock market will perform towards your advantage or otherwise daily.

Take care and stay safe!