Is S$1 million enough for retirement? There is no magic number; what counts more are good financial habits
Make use of CPF Life, take some risks, be open to making trade-offs
Add BT as a preferred source
[SINGAPORE] The retirement age in Singapore will rise to 65 by 2030. Raising it makes sense as life expectancy increases.
Indeed, I hope I never retire and continue to be gainfully employed – perhaps on a part-time basis way past the official retirement age.
Still, many people who have toiled for decades in the workforce may welcome retirement. A new chapter opens where one is free from meeting work deadlines and can devote more time to family, travel, hobbies, religion, serving the community, fitness and so forth.
TRENDING NOW
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Dr Koh Poh Koon resigns from ministerial roles for ‘family reasons’, will stay on as MP
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects
