Optimising your CPF for retirement
Low-cost and robo advisers help you grasp the long-term impact of various uses of CPF
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THAT many Singaporeans are unprepared for retirement is perhaps unsurprising. What is sobering is the extent of unpreparedness.
Over the past few months a number of surveys have emerged. The findings as a snapshot of Singaporeans' retirement planning are disheartening.
An AIA survey found that young families put off saving for retirement in favour of children's needs. Great Eastern found that retirees who did not plan for retirement depended on a monthly income of S$1,200 from a combination of CPF payouts and allowances from family. But after expenses they were left with just S$30.
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