At what age do you plan to retire, and how are you working towards that goal?

Hi, its good to start ponder on this question.

As a start, start planning and action for retirement at early age. The older you plan for it, the more steep(lesser time and working years) it is to reach your retirement desired age and desired retirement amount.

Vision an age where you wanna 'go slow' after years of working hard. Plan early so that you have the time horizon to work on a comfortable retirement amount.

Ask yourself,

1. what age do you want to start 'go slow'?

2. what is the retirement income per month you will like during your retirement to spend with?

3. how many years do you wish to receive this retirement income?

You can refer to https://www.income.com.sg/retirement-calculator
for a calculation

So the age which one starts to plan for retirement, will have an impact on one's retirement goal amount.

Before starting to act on the retirement plan, set aside at least 6 months of emergency cash in your bank as liquidity amount to be used for suddent unforseen events. thereafter, set aside an amount every month for retirement as force savings after netting of your monthly expenses. More important is also to stay healthly and have a healthy lifestyle to enjoy your retirement later on.

Retirement fund can come from savings, insurance payouts and investments.

If you are not sure where to start or what should you do to maximise the retirement income, connect with and adviser from a trusted company for a personalised analysis. hope this helps.​​​

Age 55. Saving and Investing using compund interest. Start early to accumulate more so you can retire earlier. Savings plans and investments platforms will change so stay up to date with new products and educate yourself to get the best offer