You are here

MONDAY MULTIPLE

Rethinking retirement

The days of a long, uninterrupted accumulation phase followed by a 30-year retirement might be over

BT_20170109_HXRETIRE9_2681252.jpg
People who are out of work are taking a longer time to find new jobs, according to the latest figures. Moreover, unemployed people continue to outnumber job openings.

RETIREMENT planning used to go like this.

Once people start work, they embark on the so-called accumulation phase. Over 30 to 40 years, they maximise their earnings potential and save up their nest egg.

Then they retire and the drawdown phase begins. On average, people have roughly

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom