What is Investment?
According to Investopedia.com, investment refers to “an asset or item acquired with the goal of generating income or appreciation”. In other words, the act of investment is often practiced in order to garner a form of financial profit from the process. Retirement Savings In Singapore
Why choose to invest?
By choosing to invest in stocks, other businesses, precious metals, an entirely separate industry or any other field for that matter, you are essentially opening yourself to a world of financial growth. This profit can come to you in the form of dividend incomes, business sales, or a substantial growth in the very investment you made!
Choosing to invest allows you to make some additional money on the side that you can save for your retirement in the future! While working a full-time job will allow you to take care of your present and immediate expenditure related to your lifestyle, choosing to invest will allow you to make some money on the side without having to fork out too much energy!
Planning to start investing will thus allow you to live out a stress-free life in the future as over time, you would have accumulated enough funds to help you lead a happy retirement life.
With that being said, retirement savings is not the only benefit awaiting you engaging in the process of investment. You will be able to reach your other financial goals sooner too.
With retirement endowment plans, you can retire in comfort and relax without having to worry about insufficient funds!
Under these plans, you will be able to get monthly paychecks even when you’ve stopped working. You can also rest assured that you will get back 100% of the capital amount you had invested and receive bonus cash at the end of your policy term!
Should you feel the need, you can also tap on their flexible withdrawal options too. If you decide that you would like to withdraw a partial or full lump-sum payout, it’s just as easy as letting them know of your preference!
With such a hassle-free process and numerous key benefits waiting for you, why not start planning for your retirement today?
At TN Advisory Group, our services and expertise can be used to assist interested parties in relation to the various fields of finance. Some of these sectors include investment, insurance, retirement, corporate pensions, group employee benefits, business continuation, as well as general insurance purposes.
If you wish to know more about Retirement Savings or any other enquiries, please contact us through Whatsapp or Email to schedule an appointment. We will get back to you as soon as possible.