Personal Finance
[Post 307] Planning Right For Retirement, When You’re In Your 50s (And In A Recession)
By Sonicericsg  •  August 16, 2022
Summary
You’re about to retire in the next few years - but wondering if you have enough funds to last you. Has the COVID-19 economic recession affected your retirement goals? Should you try to ride the recent stock market rally to grow your nest egg quickly?
Muthu Kumar, 55, is worried about not being able to get medical insurance coverage at his age with a medical condition. Private hire driver Terry Tan, 56, talks about making a property investment mistake, and the challenges of saving as a self-employed person.
Financial experts Kenneth Lou, CEO of Seedly (a personal finance platform), and Chuin Ting Weber, CEO of MoneyOwl (a financial advisory and fund management firm), advise how Terry, Kumar, and others in the same situations can work towards their ideal retirement lifestyle.
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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