First of all, what is retirement planning? Retirement Planning is the process that assists individuals to become financially secure at retirement to live at a desired comfort level without the need for employment income. In this first series of the 10 part series, we will discuss why is it important to plan for your retirement. […]
Blog Archives
FAQs on Retirement Funding
How much should I set aside for my retirement years? To determine how much retirement income is needed, it is important to first identify your retirement goals. You should try to envision the type of lifestyle you aspire to have, at what age you expect to retire and most importantly, establish what retirement means to you. […]
Retirement funding
Retirement Funding With immediate needs and financial commitments such as purchasing a home and getting married taking precedence, Singaporeans often defer planning for retirement. According to a survey conducted in 2006, only 1 in 10 Singaporeans actively saved for retirement. CPF is insufficient for your retirement needs Many people have the misconception that their CPF savings […]