Father’s Day should be celebrated with fabulous fanfare. It gives us the chance to reflect on the various ways our fathers have shaped our lives, and also offers an opportunity to reciprocate our love through good financial planning for his future.
If Dad is a SME business owner:
Life is full of challenges and as a business owner in these tumultuous times, there is no shortage of economic uncertainty ahead. A self-made man, Dad has devoted all his time and effort to the day-to-day operation of the company. However, he might have neglected the equally important aspects of risk mitigation, credit protection and business succession planning. The far-reaching financial impact of a crisis may devastate the business and lead to irreparable damage.
Reassure him that there are various solutions available to better manage his business risks. Together, you can connect with a financial services consultant who can offer you a comprehensive look at the types of business protection available.
For the Dad who will soon retire from the corporate world:
Getting through the daily grind for decades, Dad has worked hard to support the family and pave the way to your bright future. However, he might have neglected the essential step of planning well for his own retirement. His golden years may not shine as brightly without the foresight of a detailed retirement budget that takes into account his desired lifestyle and living quality, healthcare expenses incurred due to possible inset of illnesses and the inevitable factor of inflation.
Check in with him regularly to assess his retirement readiness and investment portfolio. A financial services consultant will be able to share expert insights and customised solutions to help you meet protection and wealth accumulation goals.
Dad deserves a big dose of love, care and affection.
Show yours loudly and proudly on this Father’s Day!