Ah, a common controversial topic discussed over coffee with some slamming of tables about the government and whether the CPF (Central Provident Fund) sufficiently covers for our retirement life.
We decided to investigate a little deeper and perhaps it is at this juncture we would like to share with you some pretty alarming stats. Did you know that you would need a total of $400,000 to retire at age 55 in Singapore?
However, this article won’t be about the hard numbers. Instead, I will focus more on the less discussed side of retirement – what it means to most people in Singapore today. And for that, we enlisted the help of our Seedly personal finance community!
(Editor’s note: Two members won the ‘Retire Smart’