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Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.


Investment Plan

Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.

Life Insurance Plan

years' policy
(A) Debts and Expenses
(A1) Immediate Expenses after Death (current value, HKD)
1 Medical Expenses not covered by Insurance
2 Funeral Expenses
3 Estate Mortgage
4 Car Mortgage
5 Loan
6 Estate Duty and Expenses on Certificates
7 Other Debts
(A2) Family Expenses (current value, HKD)
Monthly Amount Commencing Year Period
1 Expenses on Children After Years For Years
2 Household Expenses
(with Children)
After Years For Years
3 Household Expenses
(with Children moving out)
After Years For Years
4 Expenses on Spouse's
Training/Studying
After Years For Years
5 Others After Years For Years
(A3) Children Educational Planning (current value, HKD)
Monthly Amount Commencing Year Period
1 First Child After Years For Years
2 Second Child After Years For Years
3 Third Child After Years For Years
(B) Assets
(B1) Personal Assets
1 Cash
2 Equities and Bonds
3 Retirement Savings
4 Current Insurance Policies Life Insurance
Group Insurance
Total Amount
5 Other Assets
(B2) Other Income (current value, HKD)
Monthly Amount Commencing Year Period
1 Spouse Income After Years For Years
2 Other Income After Years For Years
(C) Other Information
1 Estimated Inflation Rate %
Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.

Educational Plan

Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.

Retirement Plan

Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.

Once upon a time, a traveler was planning a journey to traverse the desert. Someone told him that it took 78.6 days on average to finish the journey. So he prepared food and water for 79 days. Unfortunately, he did not know that more than a half (56%) travelers needed more than 79 days to complete the trip. Worse still, the external and internal environments were changing upon his decision of starting the journey. Therefore, the time of journey completion might be much more than he expected.

Let's see what the expert said – Published in <Journal of Financial Planning>, April issue, 2000, the article <The Four Percent Solution?> stated that there will be more than 25% of 65-aged people who can live longer than expected, up to 90 years old. On average, it is generally predicted that a 65-aged person can live 17.5 years longer, i.e. the expected death age is 82.5. However, according to the author, 25% of elders will live longer and might not plan enough for their retirement since they expect their death age seven years earlier. Therefore, they may have financial difficulties in the late stage of retirement if they spend all the money before 82.5 years old.

Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.

How to calculate the expected death age and the chance of reaching expected death age so as to plan the retirement financially?

Life Expectancy Calculator

The above retirement planning calculator is invented by Noble Apex based on Monte Carlo Analysis. This analysis has been prevalent in US for years and was firstly introduced by Noble Apex in Hong Kong to estimate the reliability and the accuracy of a retirement plan.

Instructions:

The chance of reaching expected death age as shown by the above calculator is based on the statistics of Hong Kong population in 2003 provided by Hong Kong Census and Statistics Department. The calculations are based on the assumptions that the death rate of each sex and age group is constant and each individual within the same age and sex group has equal death rate.

The above calculation can only be applied to Hong Kong population. Individual lifespan varies with personal and environmental factors.

The copyright of the above calculator is reserved by Noble Apex Wealth Limited.

All duplications, republication, redistribution or unauthorized use are prohibited.