There is this report in the Straits Times talking about half of the affluent in Singapore may not be hitting their retirement goals.

This sounds very short of details, but the actual report is quite interesting.

The news article talks about a Standard Chartered Wealth Expectancy survey done on 10,000 individuals around a few countries. Let us just say that we are not the only one falling short. So it is less of a Singapore problem.

The report sort of concludes that we may have too much in savings and equivalents. We may not be diversified enough and are not able to reap a higher return expectation due to our high cash and high property asset allocation.

Standard Chartered’s methodology is rather interesting.

The report is made up of both opinion and economic modeling. This means that qualitative answers were asked but