SENSE & CENTS
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.
