The Seedly Personal Finance Community reached an auspicious total of 8,888 members over the weekend, just in time for the TOTO Hong Bao Draw!

This week on Seedly’s Personal Finance Community, we received a really good question on retirement. You see, most Singaporeans only start to think about retirement at the age of 38 years old. While 38 years old is already quite late an age to start planning, what happens if one starts later than that?

We find out from the community this week.

The context of the question:

Last month, the member started investing through a well known Independent Financial Advisory (IFA) on Unit Trusts, with an annual management fee of 1.25%. The member wishes to have a 4% or slightly higher return per annum for the next