Retirement

Endowus Singapore Retirement Report 2021: Almost 50% of Singaporeans have not started retirement planning

Singapore residents crossing the road

Do you know that though CPF members’ total balance has increased from roughly S$125 billion in 2006 to S$474 billion in March 2021, only 63.6% of active CPF members who turned 55 could set aside their Full Retirement Sum (FRS) or Basic Retirement Sum last year? Hence, to better understand Singaporeans’ attitudes towards retirement, Endowus has worked with YouGov Singapore to develop the Endowus Singapore Retirement Report 2021. The survey took place in May this year with a sample size

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Retirement

Ponder over these things if you want to be on track to building your retirement fund

two elderly persons sitting on a swing

Whether you’re young or old, it’s never too early to start thinking about saving up for retirement. After all, it’s the best way to guarantee a comfortable life after you cross that critical stage. However, you must start planning to make sure everything gets taken care of. Even though it might seem scary at first, have no fear. By reading this article alone, you’re already making that crucial first step. It takes dedication and discipline to get where you want

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Retirement

4 Retirement Myths That Singaporeans Should Scrap

A number of Singaporeans who are planning for their retirement tend to rely on myths without even realizing it! It can happen to you too. As believing in these retirement myths can be detrimental to your financial future, it is important to scrap these myths. MYTH #1: THERE IS A CERTAIN PERCENTAGE TO QUANTIFY YOUR RETIREMENT FUND Some financial gurus have set a rule of thumb regarding the percentage of income you need for your retirement. According to them, you

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Retirement

Plan For Your Retirement In These Upcoming CPF Roadshows

CPF Featured

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

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Retirement

Best Resources For Retirement Planning In Singapore (These Are Free Too)

In 2014, a survey by DBS bank showed that over 76% of the participants said that their key long-term financial goal is to have sufficient for retirement. Why are these people not ready? Perhaps time and awareness are the factors. Majority of people think that saving for retirement can wait until you are more stable later on in life. Some may get caught up with their spending patterns and life events such as celebrating weddings and raising children. There is

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