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Anonymous
Male 35 years old with less than 5k saving, only feel the urgency to invest and plan for retirement now. In hoping to have sufficient monthly income(2k per month) during retirement for the rest of life.
How do actually get started
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If plan retire before that. Min.15 years is achievable. DCA $2k per month (bare minimum) into S&P ETF. When you ready to retire re-allocate to dividend stock with min. 4 to 5% p.a. (local bank stocks)
Alternatively, renting rooms will also provide monthly income. At least 3 bedroom. 2 can rent 1 you stay yourself. At least can get $1k+
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You need to ensure you have insurance and amount set aside for emergence first b4 talking about investment!
For $2k income you can do that if you can lock in about $300k into your CPF life at 55 years old. That can be achieved,