NTUC Luxe Solitaire

I did purchased NTUC Solitaire collaboration with RHB in 2018. Was recommended becos of the long term planning, after the 5th year，monthly payout around $1.4k before less off interest payment.

Any concern that you are asking?

• Not a fan of plans.
• When you do the math, you will see how terrible it is.
• usually the actual returns will be much lower compared to the marketing materials. Because the non-guaranteed returns will be much lower.
• There is lot of terms and conditions you need to be very clear, else you will be donate alot of money to the insurer.
• When compared to a board based index fund, with a conservative returns of 8% p.a. You can see the huge differences.
• When you input the number of the plan into the calculator it is about 2.3% p.a. compounding interest.
• If you want to pass to the next generation, just hire a lawyer to write a will.
• If you just want passive income, you need less than $2m to generate $6k per month.
• The fear of market volatility and desire for stability will cost you alot.

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