Would you be financially ready to retire? Unfortunately, if you're anything like most Singaporeans here, the answer is likely "no". According to a June 2020 survey conducted by OCBC, around two-thirds of working Singaporeans and permanent residents indicated that they did not even have enough savings to last them beyond 6 months – highlighting the urgent need for you to start beefing up your nest egg as soon as possible. And the key to that? It's in ensuring a steady stream of passive income that adequately covers your lifestyle preferences, needs, and any unexpected expenses; here are 4 strategies you can leverage to achieve that. Maximise Your Monthly Payout from CPF Life Retirement Account Savings At 55 (S$)Standard Plan (S$)Escalating Plan; Increases by 2% every year for life (S$)Basic Plan; Progressively Lowers When CPF Balances Falls Below S$60,000 (S$)Basic Retirement Sum (BRS): 93,000770600730Full Retirement Sum (FRS): 186,0001,4201,1001,350Enhanced...