Retirement: the business opportunity
Retirement-related insurance products and income-generating funds are becoming popular in Singapore
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TAN Wee King, 59, is a financial planner's dream: debt-free, low- spending, comfortably drawing multiple streams of income - and happy to outsource money matters to someone else. (see infographic)
The former nurse trainer already has a number of retirement-related insurance plans. She bought another one this year, putting S$30,000 into a Great Eastern annuity that will start paying her roughly a guaranteed S$260 a month and a non-guaranteed S$80 a month five years later. The income stream lasts 10 years.
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