How much will I spend in Retirement? (2) Where does the money come from, and where does it go?
By Life Finance Blog  •  April 10, 2020

Retirement means giving up a regular salary or paycheck. At the same time, the household will change too, as the children leave the home to start their own families. So, where does money for retirement come from, and where does it go? We find that there is a growing reliance on income from financial investments and CPF, and less on rental property investments and insurance. For spending, healthcare and health insurance are amongst the largest expenditures and likely to increase quickly as the retiree ages as well.

In our previous post How much will I spend in Retirement, we dispel the common belief that a person’s spending will fall after retirement. In fact, the opposite is true. Not only does spending not fall, but it continues to increase at roughly the rate of inflation. But clearly, financial matters are not the same after retirement. Where does money for retirement

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By Life Finance Blog
The Life Finance Blog is a blog which seeks to explore, educate and elucidate our understanding of financial issues in living the life we want.

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