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John Ng, aged 40, plans to retire at 65 with S$3,000 monthly to spend in real terms. He hopes to enjoy such an income in...
07/09/2018

John Ng, aged 40, plans to retire at 65 with S$3,000 monthly to spend in real terms. He hopes to enjoy such an income in his old age for 20 years.

By the time he retires, he must set aside a retirement sum of almost S$1.15 million, assuming a long-term inflation rate of 3 per cent.

Many of us put off planning for our retirement until we’re in our forties but it doesn’t have to be an onerous chore, says one financial advisor.

SINGAPORE - Only one in every five youth in Singapore believes their parents have enough personal savings to finance the...
01/09/2018

SINGAPORE - Only one in every five youth in Singapore believes their parents have enough personal savings to finance their retirement, while merely 15 per cent trust that their parents have planned for retirement such that they need not worry about them in their golden years.

This is according to a Nielsen research commissioned by insurance cooperative NTUC Income and released on Monday (Aug 27), which covered more than 400 parents aged between 30 and 55, and some 200 youth between the ages of 19 and 25.

On track with these findings, the parents surveyed set aside only about 35 per cent, or about $1,146 monthly, of the amount they themselves perceived they needed for retirement, which was $3,314 a month.

Only one in every five youth in Singapore believes their parents have enough personal savings to finance their retirement, according to a Nielsen research commissioned by NTUC Income.. Read more at straitstimes.com.

06/08/2018

Many of us think of retirement as a time to live comfortably and travel to different places. While this is true to some extent, you still need to ensure that you can sustain the change in your lifestyle and still be able to make your money work for you. When planning for retirement, it is essential to learn the fundamental steps involved in the process so you can avoid making mistakes that can affect your financial security.

The key to a successful retirement life is to have a clear vision of the kind of life you want to live and to get things right the first time. Because the stakes are high, you want to set your financial goals early and lay out a plan to achieve it.

Many of us think of retirement as a time to live comfortably and travel to different places. While this is true to some extent, you still need to ensure that

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