Retirement

Supporting Parents Who Do Not Have A Retirement Plan

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It is not unheard of for Singaporean children to take care of their aging parents. This is partly due to our unwavering Asian culture of familial unity. We even have a legislation for it! Protected by the Maintenance of Parents Act, senior citizens who are unable to sustain their lifestyle can apply to the court in order for their children to provide a monthly allowance. More than just a social obligation, there are four steps to begin a retirement plan

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Retirement

6 Significant Reasons Why You Must Plan For Retirement Now

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According to a recent survey by Nielsen, 1 in 3 working Singapore adults are not planning for retirement. This is alarming because many people have curated a list of “excuses” for not saving money. Rather than adding glistening fuel to the fire, this article will give you six good reasons why you must save for your future. 1. TO DANCE TO THE BEAT OF YOUR OWN DRUM Planning for your golden future likely ensures that you covered your living arrangements

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Retirement

5 Must-Read Books About Retirement

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A prosperous retirement is more than just attaining financial independence. It involves finding happiness and meaning in this fresh chapter of life as well as stretching your financial resources to aid your journey. Here are the must-read publications if you are looking for ways to make the most of your remaining years: 1. “HOW TO MAKE YOUR MONEY LAST: THE INDISPENSABLE RETIREMENT GUIDE” BY JANE QUINN But it here. Are you at the library right now? Check out the self-help

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Retirement

Why The Current Generation Of Singaporeans Must Save Longer For Retirement

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It is no secret that Singaporean and expat workers have to face a higher cost of living compared to other cities in the world. In order to cultivate a sufficient retirement fund, these employees have to save nine years longer than the preceding generations. This information is according to the recent HSBC report that included 1,008 Singaporeans who are either working or retired. Findings in “HSBC’s Future Of Retirement: Generations And Journeys” report showed that the average Singaporean begins saving

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