Everybody hopes for a comfortable retirement.
However, the truth is that many fail to adequately plan for this phase of their life, leading to disappointments when they fall short of what is needed.
A survey in August last year by Endowus Singapore found that one in three Singaporeans are worried about retirement planning.
Yet, 45% have yet to start planning.
Another earlier survey by Fullerton Fund Management showed that, on average, Singaporeans estimated they will need S$1.4 million for a desirable retirement.
Meanwhile, by July 1 this year, the retirement age will be raised to 63 and the re-employment age to 68, to eventually raise these two ages to 65 and 70, respectively.
With these changes, more people will find themselves working for longer.
It is normal to feel worried about whether you can retire comfortably in light of all these news.
By investing in REITs, you stand a good chance of being able to do so....