Many of us are not sure of our retirement ahead, some have some don't have, worst is some have but never gather what they have and think they don't have. Sounds complicating if you refers to the timeline planning charts.
Scenario 1 - This person actively plan with SRS to have the plan accumulate to age 60 ~ 65 and convert it to 20 annual payments on each policies, this form a stream of income for 20 years ahead, and lots of income tax has been saved along the years.
Scenario 2 - Plan for some maturities in between as well as investing SRS in plans for retirement income ahead.
Scenario 3 - As and when you have funds plan for maturities ahead.
Time line planning is simply plotting a line to meet your expectation ahead as well as to plot your assets to see what lies ahead for you.
Will be interesting to start doing reviews ahead.
