As Singapore's population continues to age rapidly, anticipating and understanding the unique needs and dreams of the elderly are more crucial than ever. Increasing longevity brings longer retirements, changing healthcare needs, and many other financial challenges.
Longevity risk refers to the likelihood that retirees live to such an advanced age that they deplete their retirement savings. It is impossible to know how long you will live and how long your savings must last. No doubt, the longer you live, the more money you will need to fund your retirement expenses. But for a pre-retiree to determine when to stop working and claim retirement benefits, as well as handle insurance needs, can be a...
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