What is the best retirement insurance plan out there?

Hi Anon, I have a comparison table for retirement income policies available from multiple insurers. This is just a quick screenshot.

It states the different projected and guaranteed yields and the payout you can expect.

Do rop me a message on FB if you'd like a copy or you can email me at [email protected].

The earlier you start, the higher your payout. Most of these plans can give you a 4.1-4.6% projected IRR if you start earlier. :)

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-pers...

Next, perform a detailed calculation to find out the shortfall to reach your retirement goal. Once this step is completed, decide whether you will prefer to have a lump sum upon your intended retirement age or to have multiple streams of passive income.

Personally, I prefer to have a balanced of both - to meet my day-today expenditure while having some lump sums of monies as bonus for other needs and wants.

Finally, yes, you should always start planning for your retirement early and take full advantage of the compounding effect. Here is why it works: https://www.blog.pzl.sg/what-is-compound-interest/

All in all, starting early allows you to leverage a small amount of money for a bigger goal in the future. At the end of the day, the best retirement plan is one that you are comfortable with and is capable of helping you reach your goal.

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