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Housing choice linked to retirement comfort

MAS study says that households tend to underestimate expenditure for the twilight years

Published Tue, Nov 29, 2016 · 09:50 PM

Singapore

A YOUNG couple who plans to spend S$4,000 per month - at current prices - during retirement would need to save S$2,800 a month during their working years, a study by the central bank on Tuesday showed.

And a large part of this can be in the form of Central Provident Fund (CPF) savings, but only if the couple, each aged 30, makes "prudent housing choices", said the Monetary Authority of Singapore (MAS) in a report as part of its financial stability review.

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