It’s good news to know that the world has finally put the pandemic behind it. Borders are reopening and people are travelling once again as tourism experiences a sharp rebound. Despite the feel-good sentiment, new worries have emerged in the past year. Inflation has reared its ugly head and surged in the past year, hitting close to a 14-year high of 5.5% as of February 2023. Because of this persistently-high inflation, the US Federal Reserve has hiked interest rates to between 4.75% and 5%, the highest since 2007. Financial experts have also warned that Singapore’s economy could go into a technical recession in the first half of this year, defined as two consecutive quarters of negative quarter on quarter GDP growth. Recessions are naturally a worrying phenomenon as it means that companies may shed jobs and hiring may slow down significantly. With this trio of problems, it’s natural for you to wonder if you can ever enjoy a comfortable retirement....