Do I Need a Financial Adviser?
If you’re an expat living in Singapore, you might find making financial plans trickier than when you were in your home country. There’s a lot to consider when it comes to your money and personal spending power, which is why you need to really focus on getting the right support.
Getting educated about your retirement and wealth-management options is a necessary part of planning for your financial future but not everyone has time to be a financial expert. Financial planning can be me even more complex when you become an expatriate.
When Should I Start Financial Planning?
Particular events often prompt expats to seek out financial advice. They usually involve a major life event such as getting married, moving overseas, having a baby or buying property. If you find yourself in one of these scenarios, you may be wise seek financial advice
At some point, everyone needs to develop a long-term financial plan that includes considerations for retirement, paying off your house, funding your children’s university education, estate planning, and a timeline for when you can retire. This is also a good reason to seek out a financial planning advice.
Benefits Of Financial Planning
Financial planners can be great when you are confused, emotional, or simply lack knowledge of various wealth-management topics. The majority of people can’t see far enough into the future to imagine their retirement, much less plan for it. A qualified financial advisor will ask you a lot of questions—some of them uncomfortable—to get the full picture of your current financial position and future goals.
When deciding on the type and the scope of advice that you might need from a financial advisor, it’s important to ask the right questions about your money needs and to assess your own level of comfort in managing your own finances.
So many of us feel lost in our finances, that getting a second opinion from a financial advisor can be reassuring.
Singapore Expat Advisory
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Singapore Expat Advisory is an advisory platform for Promiseland Pte. Ltd Pte Ltd and are authorised and regulated by the Monetary Authority of Singapore (MAS).
General Information Only This article should not be construed as an offer, solicitation of an offer, or a recommendation to transact in any products (including funds, stocks) mentioned herein. The information does not take into account the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a licensed financial adviser regarding the suitability of the investment