facebookI am a 24 year old female who has just started working full-time this year and abit bth la so I am already thinking of retirement. As such, I would like to ask about the steps to plan for retirement? - Seedly

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Anonymous

26 May 2021

General Investing

I am a 24 year old female who has just started working full-time this year and abit bth la so I am already thinking of retirement. As such, I would like to ask about the steps to plan for retirement?

I have my insurance (i.e hospital plan, whole life with ECI + CI plan) sorted out. Currently aiming to hit my 6 months emergency fund which will probably be around Feb/Mar 2021. Thereafter, I would like to begin investing for my retirement. I will have about $1K/month to spare and would like to find out how I can plan for my retirement + some investment options to consider. Looking into ETFs at the moment but open to other options as well!

Discussion (6)

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Buy CSPX / QQQ for growth and sg bank stocks for dividends.

Gd that you're planning so early! While it is encouraged to start early, do not lose sight of your near term goals too like house/marriage/kids..You can plan your retirement w/o neglecting other areas too.

For your reference:

To me inorder to retire your monthly cashflow must be sufficient. You may o...

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