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Retirement Income Planning For Women – Where Does Annuity Fit In

DATE :
5 March 2022

TIME :
10:15 am – 11 am

VENUE :
Online ZOOM Webinar

COST :
Complimentary (Only in March to celebrate International Women’s Day)

One of the greatest transitional periods of a woman’s life is during her midlife – the challenging period between younger and older adulthood. 

During this period, many women experience a range of situational transitions such as caregiving responsibilities for parents, marriage problems, giving birth, and adjusting to adolescent children. At the same time, they may be going through the biological transition of menopause, as well as other health problems, work problems and lastly, financial stress. 

While transitions involving relationships and health issues may not be as easily resolved, financial stress is one challenge that can be overcome by education and strong guidance. Often, many women hesitate to ask for help in this area as they felt there are so many things to consider and learn.  

Hence, I have designed this program to help women who believe in planning for the future to kick-start their personal retirement planning with the goal of having an income for the future.  

Retirement is all about income and the success in retirement is about ensuring you will never run out of money – no matter how long you live. Annuity is designed to do exactly this – providing an income that is certain and predictable to remove longevity risk.  

Having a monthly income is probably what will provide the most financial comfort but is often a neglected part of financial planning for women.  

This program will cover the following topics:  

  • Understanding the 5 financial risks for women  
  • The Three Phases of Retirement  
  • What are the different types of Annuity?
  • Examples of Annuity in Retirement Planning 
  • Q &A  

Details:

Date: 5 March 2022, Saturday
Time: 10.15 am to 11 am
Venue: Zoom

This webinar is open to public and GEN clients.

Register HERE

Personal Note from Speaker:

Why am I doing this webinar?

From my observation, the awareness of financial products and services has increased and people are more aware of what is available in the market. But if financial literacy is defined as having the skills and knowledge to make effective financial decisions, I think that women display less financial literacy than men.

It is not because financial concepts are so difficult to understand but rather, it is because most women don’t have the time to do all the required learning as our lives are getting more complex and time-starved. Only when there is a trigger such as major change in life situation such as getting married, buying a property, having children or nearing retirement will they then have the urgency to do research or seek advice.

Even then, it is not uncommon for me to see them “skip the planning and go straight to the product” approach because they want to get it done and move on. This is something that I can very much relate to, being a woman myself.

One potential implication is that we end up making the wrong investment or buy the wrong product not because the investment or product is not good but because it does not fit our own unique financial situation. Hence, I am doing this webinar for women during their pre-retirement phase to start on their financial planning journey by being educated on practical and real-life retirement planning concepts and issues.

About Lee Meng

Lee Meng, Executive Financial Services Consultant, is a certified Chartered Financial Practitioner with a primary focus of using the “Building Transferable Wealth” concept in solving the financial issues for her personal clients.

She also specializes in helping companies formulate a proper plan to integrate employee benefits into their culture.

Find out more about Lee Meng at http://www.gen.com.sg/leemeng

Media Interviews

CNA interview on the impact of a GST hike on individuals.  You can watch it here.

CNA interview on financial planning for caregivers.  You can watch it here.

CNA Interview on financial literacy through board games.

CNA interview on pregnancy insurance.

Lianhe Zaobao interview on financial advice to homemakers on financial protection

Lianhe Zaobao interview on insurance planning for people in their fifties

Lianhe Zaobao interview on financial planning for women

Lianhe Zaobao interview on 5-point personal finances checklist

Lianhe Zaobao interview on early critical illness protection planning. Click here to read the article.

Lianhe Zaobao interview on financial planning for middle-aged women

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