Chee Lip Tee’s Post

Today, let's unravel the concept of deeming and gain a clearer understanding of how it affects us. Read More for some eye-opening insights! https://lnkd.in/gKTxRCB #DeemingExplained #FinancialAwareness

🚨 Controversial post? 🚨 We’ve all had a chuckle at this picture! 😂 But as we all get older and wiser, we realise that buying cheap means buying twice. That could mean a pair of trainers, building work or even a used car. This is very relevant in the financial advice space too... Some people aren’t willing to pay for quality advice to make sure their odds of financial success are good. That could be an expensive mistake to make once retirement age is reached and the numbers don’t stack up. 🤷♂️ Going cheap is also a mistake because the best financial advisers have spent years in training, studying to gain qualifications from various different countries and awarding bodies, staying up to date with hours upon hours of CPD each year across all of those jurisdictions to make sure we are at the top of our game and providing best advice.🎖️ We put all that effort in and go above and beyond because we care so much about our client outcomes. You can always get another pair of trainers, a pension pot – less easy to fix! ✅ #FinancialMistake #DontGoCheap #TrustTheExperts

Really interesting points being discussed in this article ⬇

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Check out this episode of Advisor Connect to learn how your clients can save more for retirement with a Cash Balance + 401(k) Plan combo! #cashbalance #financialadvisor #401kadvisor #401k https://hubs.ly/Q02RS_YB0

5 key topics to think about when considering good member outcomes. What are these and what's Benefits Barometer? Find out more.....

According to a new report, multiemployer defined benefit plans are in position for continued improvement in their funded condition. Learn ten key takeaways in today's blog. >> https://lnkd.in/gwf4Yxhh

If you remember Zap lollies 🍭 Air Wolf 🚁 or even Bucky O'Hare 🐰 then the chances are you might find this post interesting and slightly eye opening for yourself and even your kids when they understand what you did for them.   - Let’s face it, we are all living longer... 👴 👵 - The State Pension (SP) age is increasing and forecast to reach 70 or even 72 by 2050, I'll be 64 - Tut Tut 🤮 - Do you think the SP will help look after our children or is that for them to sort out in 50 years? - No government dares talk about the triple lock through fear of losing an election so in reality it will mean the SP age will continue to increase and even more quickly.   How about this for an idea/solution:   You (or a grandparent) contributes £2880 a year (£240 a month) for 3 years to your child’s pension, after 3 years the total contribution is £8640 but the pension will have received £10,800 due to tax relief 🍾   The Office for National Statistics (ONS) estimates that a person needs to have a pension wealth of £374,500 to be among the top 10 per cent of retirement savers in the UK today.   Based on £10,800 compounding at the below percentages each year here is what the pension could be worth in 60 years:   5% Growth - £216,879 6% Growth - £395,144 7% Growth - £719,922   How would your child feel about having between £200-£700k in their pension without having to do anything?   Would it provide peace of mind, reduced stress, protection? I would hazard a guess and say yes it would (everything a parent should do for their kids).   Let me know your thoughts?   Thanks, Steve Front Row Financial

How shares are treated by Centrelink under the Assets test and how that will impact your Age Pension. Let's find out https://lnkd.in/gqxj7QzT #KatherineIsbrandt #Aboutretirement #HowSharesImpactYourAgePension

We work alongside employers to help their employees feel more confident in their financial decisions through education. Learn how ongoing dialogue with employees and financial success go hand in hand at Shaw Industries. #Principal_employee