Are you prepared for what the future holds?
Many of us who have just started joining the workforce have the notion that that saving for retirement can start in later years and the main priority is to focus on current needs and wants such as upgrading to a nicer home, getting a new car and travelling once a month.
The hard truth, however, will eventually catch up with us when we are in our 40s and 50s when we realised that our retirement savings is hardly enough to provide for our long term needs.
There is never a “good” time to start planning for our retirement. But there are advantages to starting early. If you start early, you will have a longer time horizon and that means more time to grow your savings. If you have made investments, a long term horizon will also help to ride out short-term price fluctuations on your investments.
But, if you start late, you will have to work harder at growing your retirement savings. If you cannot afford to lose money, you should avoid investments that come with higher risks. You may even need to think of delaying retirement provided you remain employable. – MoneySense.gov.sg
Unsure of how to plan for your retirement? Visit the upcoming roadshows organised by The Central Provident Fund Board (CPFB) to pick up insightful tips.
|Event Date||Event Time||Venue|
|28 to 30 August 2015||11:00AM to 06:00PM||Bedok Mall|
|13 September 2015||11:00AM to 06:00PM||Toa Payoh HDB Hub|
|10 October 2015||11:00AM to 06:00PM||Jurong Point|
|31 October 2015||11:00AM to 06:00PM||Ang Mo Kio Center Stage|
|14 November 2015||11:00AM to 06:00PM||Braddell Heights Community Hub|
Hear from celebrity and entrepreneur Irene Ang and financial expert Christopher Tan, CEO of a financial advisory firm as they discuss retirement planning. Win prizes at various game booths when you test your financial knowledge too!
Visit www.cpf-bigrchat.sg to find out more
For enquiries on the roadshows, please email the organiser at [email protected]