Retiring early is a dream everyone wants to achieve — but it can be difficult to reach. While most Singaporeans know how to save and stick to a budget, there are also many individuals that are behind when it comes to saving enough for retirement. In fact, an online survey found that 60% of working adults are not sufficiently prepared for retirement and 69% felt that they would not be able to retire comfortably.
This finding must be an eye-opener for Singapore’s 20-somethings. If you are one of them, consider how you have entirety of your career still in front of you. As such, you have more than enough time to prepare for your (hopefully early) retirement. The following tips will help you do that.
Start as early as you canThe later you start, the less you’ll have post-retirement since you’ll be left with just a short time to grow
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