Many Singaporeans will face a lot of uncertainty when they retire at age 62, 65…
After 10 years in the financial advisory industry, I realised that most young Singaporeans and PRs are very much occupied with putting bread on the table, upgrading their homes, getting that dream car, sending their kids to the best schools, paying the utility bills, buying the latest IT gadget, going for overseas trips. Most of us do not or will not bother to take a real hard look into their future, especially their own retirement needs. Maybe it is too far away to even think about it… 20, 25, 30, 35 years later…
Stephen Covey’s book, “7 Habits Of Highly Effective People” advised us that one of the habits was to “begin with the end in mind”. A successful person will plan to succeed and not just hope to succeed. Nobody plans to fail, they failed because they failed to plan!
May I urge you to really set aside a weekend afternoon with your spouse to discuss about this very important but often neglected event of your life. If you are single and intend to remain single, it is even more important for you as you may not have financial support from anyone when you retire.
Let me know if you need help to determine the amount of money you need at retirement.
If you are looking for a guaranteed income for your retirement, I have the solution to meet that need of yours. A visit to our office will clear the air for you and you will enjoy your “golden years” not sunset years.
Deciding to take action and really taking action are two completely different matters.
Taking action will transform your life but just deciding to take action will lead you to nowhere
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