Singapore is one of the countries with the highest median death age or it simply means that Singaporeans live long lives.

According to Worldbank, Singapore’s median death age was 65.7 years in 1960 (birth year) and has increased to 83.1 years in 2018 (birth year). That’s a compounded annual growth rate of 0.41%.

Singstat has reported that 1 in 3 people in Singapore would live beyond 90 years old.

It is natural for a retiree to worry about running out of retirement funds before his death.

While the stock market can provide high returns, you can also experience a large drawdown on your capital, and the recent volatility is a stark reminder of that. Hence, the stock market isn’t a safe place to park all your retirement sum.

The most prudent way is to buy an annuity to provide for your retirement cash flow.

An annuity