Financial Practitioner
ChFC®/S, AEPP®, Accredited Mortgage Specialist
Hello I am Derrick Ong
Does it make sense to build a house first then buy the furniture later, or buy the furniture first, then build the house later?
From my observation, there are many people who have collected all kinds of financial furniture without first having a financial blueprint.
Because of that, I have adopted the best strategies from US, UK & Australia to help as many families as possible in 3 ways:
1. To enhance their assets
2. To reduce their liabilities
3. To unlock their dead assets.
If you seriously want to transform your financial future, you need to have absolute clarity of where you are now and where you want to be in the coming 10, 20 years... Together, we will strategize how to get there systematically.
My Services
Retirement Planning
How much do we need exactly for retirement? We all have our own figures to this question. While we are young, take advantage of the long runway and let the magic of compounding interest passively grow our wealth exponentially.
Nearing to retirement/ at retirement, that's when we consolidate portfolio and take on the safe and balanced approach to structure a 'Decumulation' plan for your retirement lifestyle.
Protection Against Involuntary Retirement
If I can work till age 60 or 65, the only thing awaits me is retirement (provided proper financial planning took place).
However, in between a Long and Event LIFE, many IFs can happen:
1) What if pre-mature death takes place? Who is going to bring back income every month to my family?
2)What if Disability or Major illness strike us? How sure are we to be able to stay employable during intensive treatments? Wouldn't it be nice to have economic power to tell our loved ones to take a break from work and spend more quality time with each other because life is short?
Will and Trust
Dying without a will can create possible problems:
1) Intestate succession act might not reflect your distribution wishes. Hence, might cause confusions among family members. Worst case scenario, estate leakage to unintended parties.
2) Secure creditors can also apply to court as an administrator.
3) Unnecessary delays of estate settlement.
4) Disruption to business because no succession planning.
5) Delay of company's benefit payout.
6) Insurance proceeds might be delayed.
7) The trouble of appointing at least 2 surety if there are minor beneficiaries
Legacy planning
We want to make sure that the wealth, which we plan to pass to the next generation, be protected from:
1) Creditors
2) Unintended parties such as Son/ Daughter-in-law etc
Mortgage financing
I liaise with multiple banks to make sure you can decide on the best financing option. Talk to us and get the best quote to save more from your mortgage expenses!
My Achievements
2022 to 2024
Videos
Financial Planning Ebook
Testimonials
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Financial Practitioner
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