SELF-ASSESSMENT TOOL

Date
Assisted by FSC
Current Age
Retirement Age
Working Years Left
Monthly Net Income (Active)
Inflation Rate (estimated)
Future Value

Your Lifestyle

NEEDS Expenses (Experts say keep to 45~60% of Income)

# Fixed and Variable Monthly Expenses Cost (estimated)
{{i+1}}
Total
% of Monthly Income
Recommended Limit
Unused Allocation
Amount Exceeding Limit

Wealth Accumulation (Experts say keep to 20~30% of Income)

# Systematic & Progressive Accumulation Cost (estimated)
{{i+1}}
Total
% of Monthly Income
Minimum Amount Needed
Amount Not Invested
Rate of Return (Estimated Average Yearly)

WANTS Expenses (Experts say keep to below 20%)

# Fun & leisure Cost (estimated)
{{i+1}}
Total
% of Monthly Income
Recommended Limit
Amount Exceeding Limit

Cash Flow Summary

NEEDS Expenses

{{operatingActivities}}

Investment Activities

{{CashflowInvestingActivities}}

WANTS Expenses

{{CashflowFinancingActivities}}

Your Wealth

Protection Requirement (Income Replacement)

# Insurance Coverage (Recommended: 10x Annual Income) Amount
1
2
{{i+3}}
Total
Insurance Gap
# Critical Illness Coverage [Recommended: 5x (Late Stage)+1x (Early Stage) of Annual Income] Amount
1
2
Critical Illness Gap

Assets ("Wealth Acceleration" - Opportunity and Growth)

# Asset Value
{{i+1}}
Total
# Banks Balance
{{i+1}}
Total

Debts (The Lower the Better)

# Debt Value
{{i+1}}
Total

Emergency Funds ("Security" - Emergency & Preservation)

# Recommended: 3-6 Months of Income or 6-12 months of expenses Amount
1
2
3
Minimum EF Gap

Children's Education Fund Estimation

# Name Age University Current Yearly Tuition Fee Tuition By age 18 4 Year Tuition Fees
{{i+1}}
Central Provident Fund (CPF) Estimation
# Name Years to Age 55 Type Total Contribution Total Contribution By age 55 (Estimated only for reference) Compounded Amount by age 55 (Estimated only for reference)
{{i+1}}

Result Summary

LIFE NUMBER: It's the ideal amount you need to achieve to have at least 20 years of living expense without income after retirement.

Life Insurance

Total Education Funds

Total Emergency Funds

Total Critical Illnes Funds

Total Assets

Your Life Number

Life Insurance
 Total Education Funds
 Total Emergency Funds
Total Critical Illnes Funds
 Total Assets
 Your Life Number

GOALS

FINANCIAL INDEPENDENCE = PASSIVE INCOME > ACTIVE INCOME

Generate sufficient “Active Income” to replace “Passive Income”

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