Ever wondered how comprehensive retirement planning is conducted? In this article, we will be covering a case study, on how retirement planning is conducted by an independent financial advisory firm.
The Client & Her Concerns
Michelle (not her real name) is a 43-year-old Singaporean Working Mother with 1 young child. She is the sole bread winner for the family as her husband is not working due to a medical condition. Michelle is a Regional Finance Director earning an annual income of $200,000 in an American Bank.
Michelle has concerns over her retirement planning as she is worried about her job security and she hardly has any extra savings to set aside for her retirement. She only has about $6,000 savings every year as she has huge financial commitments for her family, children and mortgage payments.
Kenny conducted the following KYC (Know Your Client) and fact-finding to understand her current financial situation before making recommendations for her retirement planning.
Financial Health Check
After Michelle provided Kenny her Personal Income Statement and Net Worth Statement, Kenny found her financial ratios to be as follows:
Kenny Loh is a Senior Consultant and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also an invited speaker of REITs Symposium and Invest Fair. Kenny Loh also offers REIT Portfolio Advisory for a fee. Do contact him at firstname.lastname@example.org