Asset Progression
Constantly heard the term "Asset Progression" and you wonder what it is?
Constantly receiving knocks on your door when your property has reached its 5 years MOP?
What is Asset Progression?
It is to sell a class of asset to move onto another.
Some people refer to this as upgrading to "better" property, however there are more important reasons as to why people venture into Asset Progression.
Asset Progression provides you with additional financial options in the future and also play a part in your retirement plans.
Retirement?
Yes, you read that right.
In addition to progressing from property to property, the underlying reason why I am advocating Asset Progression is to assist you in retirement planning.
How many of you have actually thought of retirement in your 20s?
You would probably be more concerned about how the Interior Design is going to look in your future home.
When you begin to settle down in your 30s, have you ever wondered how much you would need in your pocket to sustain your life after retirement once you stop working?
Sell HDB to buy Condo WITHOUT additional Cash Outlay?
Seen enough of "Sell 2 Buy 1", "Upgrading to Condo without forking out cash from pocket" advertisement?
Just how true is that?
Yes, it is possible.
But remember, there is no "One Size Fits All" approach.
What fits for others may not fit you.
Many HDB owners are afraid and have a lot of worries when it comes to upgrading.
BUT
All this can be achieved with
Detailed Financial Planning
and with my Asset Progression Strategy.
I will customise a personalised approach
especially for you.
What about a fully paid HDB?
Being "Debt Free" is a sense of security that everyone wants.
Often, most people clear off their existing housing loans with their CPF Ordinary Account balance.
However, do you know that your CPF OA balance is crucial to your
future retirement?
You need to know how to use your CPF correctly and efficient,
or you may risk jeopardising your golden years.
When you lock your CPF funds in your HDB flat,
you are depleting your potential cash proceeds!
Let me explain the above:
Assuming you have $200,000 in your CPF Ordinary Account (OA), and you withdraw it to pay for your mortgage loan.
CPF used for housing
$200,000
CPF Interest
2.5%
What happens next?
You will stop earning the 2.5% interest from CPF
2.5%
And you will have to PAY BACK the $200,000
plus the interest you would have earned if your CPF savings
had not been withdrawn for housing.
In 10 years, $200,000 will accumulate to $256,016
In 15 years, $200,000 will accumulate to $289,659
In 20 years, $200,000 will accumulate to $327,723
In 10 years, interest lost is $56,016
In 15 years, interest lost is $89,659
In 20 years, interest lost is $127,723
NO ACTION TAKEN
ACTION TAKEN
After selling your HDB, you will have to pay back the interest.
That means, you have LESSER CASH PROCEEDS.
This sharing session will be tailored for you.
I will also be sharing about financial literacy to assist you to ensure that you are not over-stretching your finances.
Understanding Your Needs & Wants
Transparency
Share with me your thoughts and ideas and allow me to understand you better.
Professional Guidance
Discussion
Sharing of property news and trends.
Answering all your questions and doubts.
Lastly, providing you with a detailed financial calculation and planning.
Lasting Impact
Evaluation & Recommendations
We will conclude our discussion with a tailored approach according to your needs and comfortability.
I will also provide other recommendations for your consideration.
What are you waiting for?
Get your hands on the
"6 Step Framework with Regine"
