Personal Finance
$1.38m – that’s how much you need to retire: Online poll
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  July 12, 2015
Survey also finds building a nest-egg is top priority among affluent Singaporeans Saving for retirement is the top priority among affluent Singaporeans, well ahead of putting cash aside for a rainy day and education, according to a recent online poll. It found that the ideal retirement nest-egg is estimated to be about $1.38 million, although respondents varied in how they arrived at this figure. About 55 per cent sought professional financial advice before investing while 13 per cent derived it from the media. But around 25 per cent relied on guesswork, which is "alarming", said Mr Chris Gill, general manager, Southeast Asia at Friends Provident International, which conducted the poll in May of around 500 affluent and aspiring-affluent investors in Singapore and a similar number in Hong Kong. It defined affluent here as having $200,000 to $1 million in investable assets while those with $80,000 to $199,999 were deemed "aspiring affluent". CW8888:......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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