Personal Finance
1 in 2 Singaporeans Plans to Retire Before the Age of 62: Here’s How You Can Do So
By The Smart Investor  •  December 3, 2021
A recent survey conducted by SingSaver has uncovered something interesting. Half of Singaporeans surveyed plan to retire before the official retirement age of 62, and nearly two-thirds of them started to build their wealth before the age of 30. The pandemic caused around 30% of the respondents to adjust their plans as the uncertainty caused them to realise the importance of saving and investing. To achieve their retirement goals, 87% of Singaporeans own some type of investment, with the top investment products in the last six months comprising stocks, cryptocurrency, and bonds. Despite their eagerness to invest, most have not forgotten how to save for a rainy day. Seven out of 10 of the respondents saved 30% of their monthly income, and this habit is a useful one for building resilience during times of stress. Saving money also provides you with the means to inject cash into the stock market at periodic intervals to grow your wealth....
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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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