Vincent had been self-employed long enough that his CPF balances were significantly below where they would have been had he remained employed. He had no MediSave discipline and topped it up reactively when he remembered. He had no structured savings. His income protection insurance had lapsed two years ago without him noticing. He had a Will from 2015 that did not reflect his current assets or wishes.
What we didWe built a simple cash flow picture to show him what was actually happening to his money each month. We identified what voluntary CPF contributions would realistically do for him at his age. We reinstated his income protection coverage. We updated his Will. We gave him a monthly structure he could automate rather than one that required ongoing willpower.
Where he is nowVincent has not solved the discipline problem entirely. He is honest about that. But he now has systems that work without him having to actively remember. His CPF has not been below the minimum threshold in fourteen months.
Self-employment rewards initiative. Retirement planning requires structure. The two are not mutually exclusive.
Your situation
If you are self-employed and have been putting this off, the first step is simply understanding where you stand.
Worth a conversation