Like what Hariz mentioned! That would be a wise choice since no one can guarantee their health conditions in the future. While healthy and 1 year younger, upgrading your eldershield would be a better choice! On top of which, Aviva's eldershield upgrade allows one to be able to claim when 2 out of 6 ADLs are met. As for the Careshield upgrade, details are yet to be made known

Since you are just starting out your investment journey, any particular reasons why you would like to put your money into STI or Singapore Equity UT? I would say that both aren't very optimal choices except for the fact that it is denominated in SGD and you have little or no FX risk when investing into such investments. There are other options out there such as S&P500, NASDAQ, QQQ that may yield better returns with similar risk. Moreover, both options which you suggested have limited upside potential, and over weightage on a single geographical region and Industry (Financials). Perhaps you should speak to a trusted financial advisor, or your close friends who have been investing in the markets to get a better idea of the various options that you have! If you would like to, you may always reach out to me via my facebook at https://www.facebook.com/brandan.chen

Well, it appears that you have both short, medium and long term financial goals to achieve. Short Term : Marriage cost. It can be as low as less than S$100 bucks to just simply ROM. Jokes aside, you should be looking to cover the cost of a typical wedding: Proposal Rings, Engagement Rings, Photoshoot, Banquet, gifts and dowry etc. This can work out to about ~S$30,000 depending on the location of the banquet and the cost will increase every year. You may check out the Seedly article for more information: https://blog.seedly.sg/cost-of-wedding/ Medium Term: Property and Renovation Cost. You need to make sure you have sufficient cash for renovation, and also sufficient funds in your CPF-OA to make the downpayment of your first home. Do check out the 2 articles from Seedly on this: https://blog.seedly.sg/steps-to-take-to-buy-a-house-in-a-year/ https://blog.seedly.sg/a-guide-to-buying-your-first-property-in-singapore-bto-ec-resale-flats/ Long Term: Retirement. In the long run, you should aim to build multiple streams of passive income for your retirement on top of CPF Life, and there are several options to invest it. For that, i would suggest that you start by reading up more about ETFs, Unit Trust, Roboadvisors. Lastly, do not also underestimate the need for insurance (even though this is a topic not favoured by any). Ensure both you and your future spouse are adequately covered, and there is no better time to buy since you are now young and healthy! Speak to a financial planner that is able to provide you with a roadmap to achieve those small goals that were mentioned above based on the income of you and your future spouse. If you can't find one that is capable enough, I would love to 'shamelessly' offer my services. Feel free to reach out to me via https://www.facebook.com/brandan.chen

There is no good time. What matters is your time in the market. Sounds cliche but this is how it works. If you are still considering/seeking advice about buying individual stocks, perhaps you may not be ready for such investments yet. Suggest that instead of stock picking, you pick up a basket of stocks by investing into an ETF, Unit Trust, Roboadvisors etc

If you are referring to integrated shield plans, chances are likely to be very slim. Especially so for cancer since the chances of relapse is there. However, you may consider looking at international health care plans which will cost a Bomb. A suggestion is that you also take up a personal accident plan, so that in the event that an accident occurs, at least some cost or benefit can still be covered.

Firstly, your current financial status is pretty impressive! Based on what you have shared, it seems like you are definitely comfortable in affording a car! (unless you are talking about Ferraris, Rolls Royce etc) I guess you are looking for reasons to convince your wife and here are some: 1) No waiting time or dealing with surge. It can be quite tough to get a Grab/Taxi during peak hours or when it is raining. 2) Able to explore places to paktor which may not be convenient with Taxi/Grab 3) Able to ferry your parents and In-laws when required. (family gatherings, makan etc) 4) Supper or weekend outings in JB Even with all the suggestions above, it is more important to first understand why your wife isnt keen on getting one. With that, it is much easier to handle her objections. If cost is a main concern, perhaps you can consider an Off-Peak car, and also offer to send her to work daily so that she doesnt have to deal with the mad rush during rush hours!

Typically, the role of your agent is to assist you in filing for the claims. Fundamentally, insurance claims is about having the right documentation as evidence that the insurer has to compensate you for a covered loss or policy event. There are also mainly 2 types of claims: Benefits Vs Reimbursement. You may check out this article by Seedly for some information regarding claims: https://blog.seedly.sg/claim-insurance-singapore-without-an-agent/

Well, i have a couple of questions for you: 1) Why did u purchase the ILP at the start? 2) What was the purpose of your ILP? Based on what you have shared, your annual income is approximately S$48,000. In terms of CI coverage, it would be good to have 4 - 5x of your annual income as CI coverage. Hence, I would suggest that u cover $50,000 to S$100,000 in ECI and another S$150,000 in CI Coverage. As for what kind of plans for your coverage, it really depends on your overall budget, and preferences. For ECI, i would strongly suggest that you stick to a Whole Life Plan rather than term plans unless you can easily invest the difference to generate at least 5 - 6% annually. As for CI, it would be good to have it as a rider to a term plan, since ILPs arent the most efficient way to provide coverage for CI. You may reach out to me via Facebook https://www.facebook.com/brandan.chen should you have any further questions

Rather than asking what jobs pay well, sometimes its better to ask what value can you contribute to your employer such that they are willing to give you the compensation that you want. In most fields, the top earners of most industries should be able to meet 20k/mth. The question is always at what age do they earn that amount, and how sustainable is this income. All the best! It would be good if you can elaborate more on your profile for the community to provide you with better suggestions

There are quite a bit of alternatives available: 1) SSB 2) Fixed Deposits 3) Short Term Endowments 4) Mid to Perpetual Endowments 5) Switch Bank account to CIMB or Standard Chartered In terms of persuasion, it's always about finding out his "real" objections about saving money through alternative means such as the above stated. Some of the possible objections: 1) Other instruments not safe 2) Bank is the only safe place to save money 3) Liquidity 4) Bank's interest rate is enough for me Persuasion wise, there can be a couple of options: 1) Use an example that is close to his life. For example a cup of Kopi-O. Ask him how much a cup cost 10 years ago versus today. If he had placed the amount in a bank 10 years ago, would he be able to buy a cup today? Or has inflation outstripped the bank's interest. 2) Show him a spreadsheet on the returns of $10,000 with varying returns (0.05%, 0.5%, 1%, 1.5%, 2%, 3%, 4%) over 10 - 15 years. I am assuming that your dad is risk adverse, so 4% would be quite a good yield fot capital guaranteed instruments. 3) Combine the 2 scenarios above and calculate the inflation of his Kopi-O for the past 10 years. Show him the minimum returns he needs to get in order to beat inflation. The crux is to share with him that he is losing money every day by putting it into his bank. Ask him to think about retirement 10 years or even 20 years down the road, how much would he have? Is he okay for his money to continue to Diminish? Or you may get him to speak to a financial planner like myself!