How are you planning for your retirement using various streams of income (including CPF)? E.g. how many % CPF, %endowment, %investments(stocks/ssb)

Retirement planning in Singapore is like preparing for a long-awaited vacation - exciting, but requiring careful planning and the right financial tools. As a financial consultant who's guided many Singaporeans through this journey, I've seen how a well-diversified strategy can turn anxiety into confidence.

Let's dispel a common myth: "CPF alone is enough for retirement." While CPF is crucial, relying solely on it may limit your retirement options. The key is to view CPF as part of a larger, diversified strategy.

Here's my approach to creating a robust retirement plan:

1. CPF Optimization (30-40%):

• Maximize CPF Special Account (SA) contributions for higher interest.
• Consider CPF top-ups for tax relief and compounded savings.
• Aim for Full Retirement Sum (FRS) or Enhanced Retirement Sum (ERS).

2. Investments (30-40%):

• Stocks/ETFs: Mix growth and dividend stocks. Consider REITs for passive income.
• Bonds: Singapore Savings Bonds (SSB) offer safe, flexible options with decent returns.
• Aim for a globally diversified portfolio to spread risk.

3. Endowment Plans (10-15%):

• Provide guaranteed returns and insurance coverage.
• Look for plans maturing near your retirement age.

4. Property (if applicable) (10-20%):

• Consider potential rental income during retirement.
• Explore right-sizing or lease buyback schemes if needed.

5. Side Hustle/Passive Income (5-10%):

• Develop skills or hobbies that can generate post-retirement income.
• Consider dividend-paying investments or digital products.

6. Cash Savings (5-10%):

• Maintain a separate emergency fund.
• Consider high-yield savings accounts for better returns.

Percentages may vary based on your risk tolerance, age, and goals. Younger individuals might focus more on growth investments, gradually shifting to conservative options near retirement.

Remember, retirement planning isn't one-size-fits-all. It's about creating a personalized strategy aligning with your lifestyle goals and risk tolerance. Start early, review regularly, and don't hesitate to seek professional advice.

For more insights on fine-tuning your retirement strategy and navigating Singapore's unique financial landscape, follow me on Instagram @ngooooied. Let's make your golden years truly golden – financially secure and full of your dream experiences!

I am 48. Started putting my retirement thoughts and plans at 36 after my second retirement. Restart from $0.

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Started putting my OA to my SA and reach FRS then at 40. Continue to work and fully paid off my HDB at 40 plus one month old.

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Started to accumulate cash from there.

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At 42, saved enough to pay for down payment for a condo. Paid off condo at 47, rental income and future income from CPF at 65 years old at about $4100 per month. SRS can be unlock at 62 projected at $150k if I stop working at 55.

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Stock portfolio at about $120k which returns about 6%.

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so the different streams of income would be unlock at different age and different accounts.

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stream:

dividends: $1000/month

Rental: $1100/month

CPF @65: $4100/month

cash: building.

excess value in properties.

A good balance of cpf, endowment, and investments

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