Resale Endowments explained

 https://theinvestquest.com/resale-endowment-policies-higher-projected-returns-with-shorter-time-to-maturity/

Good article of Resale Endowments.


Comments

Post a Comment

Popular posts from this blog

13 Vitamins our body needs

  What are the 13 classes of vitamins that our body needs? The 13 vitamins your body needs are: vitamin A, C, D, E, K, B1 (Thiamine), B2 (Riboflavin), B3 (Niacin), B5 (Pantothenic Acid), B6 (Pyridoxine), B7 (Biotin), B9 (Folate) and B12 (Cobalamin). From the fruit-vitamin chart, these vitamins are available in fruits. Group1 : milk (6): A, B1, B2, B6, B12, D + sunlight Banana (2): B, E Tomato (2): C, K Group2 Egg (4): A, B12, D, E Beans/Nuts (): B1; B2, B, B6, E, K Oranges/Grapes: (1): C I am no Doctor.   Generally as one gets older, our absorption and consumption of vitamins may not be enough.  I hear of people adding supplements beside Multivitamin, Omega 3, 6 & 9 in their supplements. During my younger days, I was given cod-liver oil daily.   I remembered its taste.  Recently I tried to consume the same brand of Cod-Liver oil, it still tastes the same; so this brand is not so adulterated and authentic. ~~~~ One added Magnesium supplemen...
Read more

Retire with S$2k p.m. for Singles. Can?

Someone just chatted that $2,000 p.m. is enough for retirement for him as a single.  Maybe he is about 35? So I free free check. Can Singles retire with $2,000 p.m. (present value) now? H&S : $1,000 p.a. Home conservancy fee: $100 x 12 = $1,200 p.a. CareshieldLife: $0 (pay by MA) Utility n Broadband/Telco: $130 x 12 = $1,560 CI : $0 Term Insurance : $0 Home loan:  $0 (fully paid) Home Property Tax: $100 p.a. Transport : $30 Parent allowance: $100 p.m. Total annual fixed cost : $3,990 p.a. (= $330 p.m.) ~~~~~ P lanned budget: $2,000 p.m. Food : $15 daily x 30 =$600 p.m. Surplus: $2,000 - $330 - $600 = $1,070 p.m. In summary , 1. Previously someone said $1,000 p.m. (married with adult child, stay in condo, 5 Siblings support aged parent): $1,000 p.m. is not enough. 2. Here is the other way for Singles: $1,000 p.m. may even be possible. GxGx. 3. In 25-years time, $1,000 p.m. would be $2,000 per month, at 3% inflation rate compounded. Poor me, even with $7,000 p.m. (singly) ...
Read more

Endowment & Stocks for Retirement

 1. My sharing on my layered 20 endowments: a. For the past 10-years, I have been building up about $600k worth of endowments to supplement my Retirement Income base. I started the Endowment Chapter in 2011 at age 47.  (The same year that I also embark from my health regime and clocked 4 full Marathons in 10 years.) b. And 10-year later, this Endowment Chapter is yielding results. Starting from 2022 at age 58, my layered endowments have and will be paying my lifelong cash payouts. Last year was $40k,  This year payout is $70k. Next year onwards will continue to give me $40k+ p.a. , not including annual cashback reinvestment of $12k per year over next 6 ~ 8 years. This endowment payout will give me a stable average $4k p.m. of retirement income when I retire. c. For now, likely I will taper off my Endowments Chapter. One thing about nibbling into endowments, it gives me time and investment maturity & clarity for next portfolio.    d. I supposed that one can...
Read more