Everyone aspires to enjoy a happy retirement.
Yet, without discipline and proper planning, it will be difficult to achieve your desired financial goals.
As our individual life spans increase, it becomes all the more important to plan early.
For context, Singapore will raise its mandatory retirement age to 63 and the re-employment age to 68 by July next year.
This move is in line with the longer lifespan of Singaporeans.
Living longer is a good thing.
But it also means that we need to ensure our savings last us well into our golden years.
According to a survey by Fullerton Management Fund, the pandemic has pushed more adults to think about retirement planning, with more than half aged 21 to 40 expecting to maximise their retirement income through investment returns.
It wouldn’t be easy.
According to data compiled by online property portal Juwai IQI, Singaporeans need around US$3.23 million to achieve financial freedom....