Personal Finance
Smart Retirement: How Much Is Enough for Retirement?
By The Smart Investor  •  October 5, 2021
The financial world is on “FIRE”, with the word “retirement” rapidly becoming the buzzword of our generation. Over the last few years, the “FIRE” (Financial Independence, Retire Early) movement has been gaining momentum all around the world, with more and more people exploring ways to retire. To achieve financial independence, it’s important to ensure that we have sufficient funds to last us through our golden years so that we do not need to worry when we have silver in our hair. However, what exactly is “enough” for retirement? The word could mean different things to different people over different timeframes. So, let’s try to define certain metrics and aspects of what constitutes “enough” so that investors can get a better handle on what it takes to achieve retirement. Creating a financial cushion Let’s start with the basics, which involves building a strong enough financial cushion to buffer against emergencies. Think of it as an “emergency fund”,...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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