This is in reply to a reader's comment:here.
Hi hosea,
Welcome to my blog. :)
I am not allowed to give advice to individuals and I don't. ;)
However, if I were 57, I must recognise that I cannot be too adventurous with my money. I need to be more conservative.
Being more conservative, the returns might be lower but there is less chance of a massive or total loss of capital which a senior can ill afford.
I want to consider investment grade bonds which includes Singapore Savings Bonds and also possibly maxing out my CPF-RA to benefit from a risk free 4% to 6% per annum return. This will provide a guaranteed monthly income in future.
Of course, I would have to make sure that my lifestyle is adjusted according to how much I expect to have coming in at retirement.
It is not just how much we have ......
