Planning for a sustainable retirement
An annuity is handy as it potentially provides a stream of 'guaranteed' income flow to supplement other sources of income
BUYING an annuity insurance policy is a daunting experience.
That was how I felt when I forked out $100,000 to insurance cooperative NTUC Income in 2011 in return for some peace of mind in my golden years.
It was unnerving not only because I coughed up a six-figure sum as a one-time single premium. It was daunting because, knowing that I'm here on earth on borrowed time, I felt as if I was audaciously negotiating with my maker for a longer life.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story