At Alpha, we aspire to help you attain the financial freedom to explore life's infinite possibilities to the fullest, regardless of the life stage you are in and the lifestyle you and your loved ones aspire to lead.
Part of attaining one's goals and dreams is managing the inevitable uncertainties facing you and your family as you progress through the different life stages.
You could be at the following Life Stages as you are working towards your Life goals.
In each of these stages, which we call the Risk Management Life Cycle Stages, the needs, financial demands and financial impacts are varied.
As such, Alpha views Risk Management Planning as an integral part of the holistic wealth management process. It is something you unfortunately cannot ignore. As you take action to manage your finances and accumulate your wealth, you need to ensure that you and your family's financial well being will not be jeopardized due to foreseeable and unforeseeable events.
Single Working Adult
You may have just entered the workforce or are in the prime of your career. What matters to you most could be your earning ability to maintain the current or desired lifestyle you enjoy or are pursuing. Or you could be providing for parents at home or servicing your loan instalments for your car, studies or home. What you need to consider is to protect your income and at the same time, create a passive income to ensure a continuous flow of cash to fund your lifestyle even when you are not working.
As you work hard to scale greater heights in your career, you also want to have the peace of mind that your wealth is well protected and grow with you. This will be made possible with Alpha, your partner in wealth management.
You may be newly married or DINKs (double income no kids). As you plan for your lifestyle and retirement, it will likely be a joint decision together with your partner. Financial planning for another 20, 30, 40 years together can be a stressful task without the help of an Alpha Financial Consultant. Whether you are considering the decision to buy or rent the nest house, getting the desired car, going for regular or rejuvenating holidays, possibly starting a business, or even funding the elderly's healthcare needs, give us a call.
At the end of the day, you want to enjoy life together, as you worked hard knowing that your retirement and longevity funding is not compromised. Alpha will help to buffer your enjoyment against uncertainties which will deprive you of your wealth.
Having children in your family would mean balancing you and your spouse's lifestyles while providing the best for your children, especially when it comes to higher education funding. Also, you want to have the peace of mind that your loved ones are protected financially at all times. The ability to provide is especially crucial if you are the sole breadwinner for the family.
As such, one immediate priority is to protect your income earning ability as well as to ensure that your family members can maintain the same lifestyle in an unforeseen event which could result in your inability to work in your current capacity or when you are no longer around to provide for them.
Having prepared financially for the risk and uncertainties of life which may impact the lifestyle of your loved ones, the next area of planning will be to ensure there is adequate funding for your children's higher education needs as well as you and your spouse's retirement lifestyle needs.
Each family is unique in terms of their financial needs and aspirations in life. Also, it is challenging to be faced with increasingly complex financial realities of our time. Alpha will help you navigate safely towards your goals and ensure the welfare of your loved ones are well taken care of.
Congratulations for taking the first step towards planning for your golden years. It is of utmost importance to ensure that you have a steady flow of recurring income to last you over your retirement period, and with very little or no debts which will deplete your savings. As such, you have to start accumulating a networth that is able to offset inflation as well as gradually increase the liquidity of assets, the nearer you are to your intended retirement age.
Your needs are different when you are approaching your retirement years. You have to ensure that you are also adequately protected on healthcare needs such as medical, disability and long term care. Remember to review your interim goals regularly such as education funding, to ensure that the respective goals are achieved without negatively impacting your retirement savings needs.
You can be sure that Alpha will be around as long as you need us and that you will not miss out any area of planning to realise your dream. With Alpha, you can have total peace of mind.
These are the best times of your life and you've earned it! Congratulations! Your children are independent and you should have achieved the financial freedom to pursue your hobbies or interests.
At this stage of life, it is essential to review your estate plans for distribution of assets to your children, grandchildren or even charitable organization of your choice. This can be worked out using tools such as Wills, Trust and gifting. Alpha works with our partners to ensure that you have the appropriate and relevant tool(s) to help you fulfill your wishes.
If you have delayed your retirement planning, it will be crucial to start the planning now. Most importantly, you will need to review your housing loans, car instalments and any other hire purchases liabilities you may still be servicing. These are major outflows which will continuously deplete your savings without any replacement since you have already stopped working.
These are the golden years and you should talk to Alpha as early as possible to ensure that you enjoy these golden years.
Risk Management
