This got me thinking about my parent's retirement plans and whether they are financially fit for retirement. I have had conversations with my parents about this before to see where I can assist them in their financial planning for retirement.
We usually end up discussing the sufficiency of the CPF Life payouts after taking into account the other factors of insurance, active & passive income and debt. That might be how I will write this post for a more complete financial analysis of my parents' retirement plans.
1. Insurance
My parents have health insurance plans that cover for hospital and surgical expenses. Although these health insurance plans are not the most ...
...I read an interesting post from this US personal finance blogger (Broke Millenial) - Are You Your Parent's Retirement Plan? It sets out conversation topics on insurance, retirement funds, mortgage and debt that adult children can consider having with their parents to better understand their retirement plans.
