Ferrari Me (Ferrarilim)

 Happened to read about Kidney Disease: 2 test parameters seem important: Creatinine level & Estimated Glomerular Filtration Rate (eGFR). ~~~ Usually we hear and share about property, investment, CPF, stocks, rental..   We all say Health is important. So how we keep healthy? ~~~ Usually when we are nearing 50yo or into 60yo, it is recommended that we go for internal body screening: 1.  Colonoscopy & Gastroscopy 2.  If female, more tests like Mammogram & Pap smear. For me, I would do a full body baseline check at age 50. ~~~~ Full Body check-up It involves the following 8 non-invasive screening tests: (ownself idea.  I am no doctor): 1. Brain & Neck MRI 2. Eye Check 3. Breathe Test -  Bacteria in stomach. 4. Upper body Chest X-ray 5.  Heart Exercise Stressed Test or even 3D-MRI) 6. Lower abdomen ultrasound 7. Colonoscopy & Gastroscopy 8. Prostate The last time which I did was in my early 50yo.  As they are fairly comprehensive...

After 1 Jul21, no good lobang for new endowments. First Option : Limited tenure Structured Deposit or Bonds offer by Banks (or T-bills).  Good time it can offer 3.5% to 4% due to high interest period. Second option would be leveraged annuity, but subjected to high loan interest. I love this, but before 1 Jul21. Not after. Third option : Investment Link Policies (ILP) from AIA, Manulife n GE.  But buy those which has bonuses promotion.  But ilp is love-hate. Of all ilp, AIA seems best performer in par fund performance history. I not so love this, but better bet for higher returns than any new endowments. But for (3) above, it depends on entry age. For me, nearing 60, best is to put into SA n RA. Least risk and guaranteed returns at 4%. Even ILP carrots better than 6%, I wont bite it.  Fourth: Traded Insurances or Resale Insurance.  Better chance of good returns; but choose your policy wisely with guaranteed returns.   I would recommend this. ~~~ After shari...

Netflix documentary on " Blue Zone - Healthy Centurions who live nearing 100 or over 100 yo, healthy". Why Blue Zone ? 1. It started when researchers started to dot a "blue-dot" each place a Centurion was spotted. 2. Over time, over the world, they notice that there are trending of Healthy Centurions living in a Zones in various parts of the world. 3. The documentary visit these zones to speak to these Centurions, to gather their livestyles. 4. They are healthy, many unaided, independent, good mental capacity, physical healthy. 5. I happened to see two series of these Blue Zones: * Japan, Okinawa Blue Zone * * Italy Sardinia Blue Zone * * USA Loma Linda Blue Zone * 6. I captured some points here, for sharing: - Frequent Walks; (some on steep uphill) - Community social norms.  Community care and eat together. Not living in isolation. Care for Elderly. - Traditions n Religion ; faith n hope, interaction, choir - Right Tribe with healthy habits and behaviors...

In one Retirement Planning Webinar, I ask what would be recommended CI coverage.  The reply offline from agent was 2~3 years of annual income. Many would be grossly under covered. I think CI coverage cannot be quoted by percentage.  If 2x 3x, it may run into $Million for household coverage !  Who would cover so much in CI!! And age 60 beyond, CI term premiums are very expensive! Unless one buy CI TermLife.   During 90s, early n late CI are unheard of; CI List is also not comprehensive. ~~~ I remembered someone, whose parents recently both died of cancer, was sure CI is non-essential and coverage $50k~$100k generally suffice.  Surely he is correct; being single in his early 40s, it will be someone's biz to take care of him?

For Mindef-Aviva Term policy: I noticed that Living Care premium: - jumps at age 45 by ~300% (from $9.90 --> $27.50 p.m.). - jumps at age 60 by ~40% (from $58 --> $80 p.m.). Takeaway#1 is to buy Limited Pay TERMLife CI before age 40 where its premium are lock-in at entry. Takeaway#2 for Mindef-Aviva Term Living Care policy: is not worth buying Living Care & Living Care Plus after age 60. (See RED circle above on steep premium from $58 to $80 p.m. from age 60). In fact, mortality charge premium (for senior beyond age 60) for most insurance policy are high. ~~~~ About a year ago, I was at Manulife Roadshow; the young agent sounded convincing to advise me to surrender my ILP Prudlink Wholelife policy and use the cash to switch over buy her ILP Manulife ... with bonus.    This new Manulife policy cover more CI coverage list and properly stated late CI. A few clarification from me about mortality charge and sale charge, she was quietened. ~~~~~ In summary , 1. Dont bu...

We self-drive from Melbourne Central, along Dandedong, Yarra Valley, Warburton, Gippsland, to Tip South Cape Schanck, back to Mornington, Chadstone, to Melbourne Central. The land is so vast with many small towns along the way. Melbourne city is melting pot of many races, very vibrant.  (Not my first holiday in Melbourne).  I didn't face much racial discrimination when holidaying. Outside Melbourne Central, in suburbs , more Caucasians and little Asians are seen; maybe is not school holidays time. As I shop nearby Chadstone which is about 20km from Melbourne Central, more Asians shoppers are seen. My opinion for retirement perspective, - city living in nearby Melbourne Central region, - good time to retire is when we are able, before mid-70s.  - best time to stay is mid-Sep to mid-Feb which is around Late Spring to Summer time. - don't invest big in condo nor apartment.  Small 2BR + 2 Toilets may be good enough. Locals prefer landed away from Central Melbourne, I th...

  25 RULES TO BE OLD AND  HAPPY * 01 -* Don't get involved in your children's lives. * 02 -* Do not interfere with the education of grandchildren. * 03 -* Love or at least tolerate your son-in-law and daughter-in-law, it was your son or daughter’s choice. * 04 -* Never take sides or give your opinion on their marriage. * 05 -* Don't make yourself an elderly complainer. * 06 -* Don't be an elderly person feeling sorry for yourself. * 07 -* Don't get attached *TO YOUR TIME,* it has passed. * 08 -* Have plans for the future. * 09 -* Don't talk about illnesses. Rest assured, nobody wants to know. * 10 -* No matter how much you earn, save a portion every month. * 11 -* Don't procrastinate. There is not much time left. * 12 -* Have a health plan or save money for medical expenses. * 13 -* Save money for the funeral or have a plan for that purpose. * 14 -* Don't leave "problems" for your children. * 15 -* Don't stay connected to the news or politi...

FOUR STAGES OF ELIMINATION IN LIFE At the age of 60 , the workplace eliminates you. No matter how successful or powerful you were during your career, you'll return to being an ordinary person. So, don't cling to the mindset and sense of superiority from your past job, let go of your ego, or you might lose your sense of ease! At the age of 70, s ociety gradually eliminates you. The friends and colleagues you used to meet and socialize with become fewer, and hardly anyone recognizes you at your former workplace. Don't say, "I used to be..." or "I was once..." because the younger generation won't know you, and you mustn't feel uncomfortable about it! At the age of 80 , family slowly eliminates you. Even if you have many children and grandchildren, most of the time you'll be living with your spouse or by yourself. When your children visit occasionally, it's an expression of affection, so don't blame them for coming less often, as they...

Using my colleague's case of using SRS to build up a layered Retirement INCOME : 1.One senior colleague shared that he uses his SRS to buy into endowments; 2. it will pay him annually $40k p.a. when he retires. 3. I was a little doubtful; upon clarification, he shared that the $40k p.a. payouts will not last till age 85.  4. If I try to illustrate using a more predictable INCOME SAIL-SP policy: Yr-1 to Yr-14 : Invest single premium: $30k p.a. x 14 years (invest at age 50 to 63) = $420k total invested. 5. Maturity payouts from age 65 to 78 From Yr-11 to Yr-24: Maturity sum: 14 x 45k p.a. (payout from age 65 to 78) 6. While we put aside if SRS can achieve it, because only $15.3k p.a. annually, requiring every 2-yearly to buy a $30k policy in our illustration.  He would have bought $15k p.a. instead. In summary, 7. what he says may be achievable. 8. Of course INCOME SAIL policies allow payout over 20-years; need not surrender at age 11 as illustrated.  If he had done it，he ...

Using layered insurance endowments payouts as Annuity Income: 1.  Previously INCOME and some insurers offer CLASSIC ANNUITY Plans for single premiums by cash or OA.  And those days, BI payout illustration was based on higher Par Fund Performance as follows: Before 1 Jul 2013: 4.75% to 5.25% I managed to buy 5 new endowments during this BEST period. After 1 Jul 2013: 3.25% to 4.75 % I managed to 4 new endowments  during this period. After 1 Jul 2021: Now the BI Par Fund Performance projection is much lower at 3.00% to 4.25%. Why Insurers lower than BI illustration ? Because MAS intervened to ensure its projection was based market Par Fund Performance conditions. MAS intervened twice on 1Jul 19 and 1 Jul 21. Since then, my opinion was that new endowments were not attractive anymore. 1. While one can argue that these are payout projections guidelines, insurers can pay more than these projection payout.   2. But again, which insurers would be so nice to pay much mo...

Part #1 New Endowments (10 NEW policies) At the age of 47, after fully paid my home mortgage, car loan and children entered into the Secondary schooling, I am better to commence my passive income savings. After some lousy hits-and-runs in local stocks, I decided to slowly nibble into buying new endowments as a way of savings.  No one taught us how to save!! Over 10 years, I finally bought a total of 9 new endowments invested, directly through the insurance companies: 2011: 1 endowment, amt: $100k (from GE) 2012: 1 endowment amt:  $130k (from GE) 2013: 3 endowments amt: $ 92k (from INCOME & GE leveraged endowment) 2015: 1 endowment amt:   $ 42k (from Prud) 2019: 2 endowments amt: $160k (from TM & INCOME) 2021: 1 endowments amt: $ 73k (from GE PLG3) Total premiums: $596k (Part #1) ~~~~~~~ Part#2 - Resale Endowments (10 Resale Policies) In Jun 2021, Monetary Authority of Singapore announced the lowering of Par Fund Performance low and high return payout.  T...