How much is enough?

Might want to start an investment pot of 15% of your monthly nett income first, once you hit about $5k or $10k then only consider the investment options.

Can start off slowly with low risk investments such as SSB and Tbills

Fidelity Investments released a report that suggests that a 40-year-old should have a net worth consisting three times his annual salary and someone who is about to retire should have ten times his annual salary. That's what I'm working towards.

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I'm still at stage 1 of my retirement plan - reach the Enhanced Retirement Sum as soon as I can. I see CPF as the bedrock of my retirement funds. I will probably then invest my spare cash in various ways to make up for the shortfall haha

1. Determine your retirement goals and needs.
2. Start saving for retirement as early as possible.
3. Take advantage of employer-sponsored retirement plans and contribute enough to receive the maximum matching contribution.
4. Diversify your investments to manage risk and maximize potential returns.
5. Consider tax-advantaged retirement accounts like IRAs or Roth IRAs.
6. Regularly review and adjust your retirement plan as needed.
7. Seeking guidance from a financial advisor to personalize your retirement strategy.