How many assets do most people have at age 50?

Hi Doris,

Common number of assets, I think there's 4 to 5. Property (fully paid), CPF, stocks, Insurance.

It will be a natural progression to work towards these 4 or 5. If one is gainfully employed, we should be fine with CPF although I think we might be better inclined to repay mortgage using cash.

If you include CPF as an asset class. My estimate would be 4- CPF, Insurance products, FD and Shares.

At age of 50, work towards building your share sand CPF portfoilo. You can top up into your CPF SA and earn tax deductibles from it

Hi Doris,

In the context of Singapore, with your property, CPF, investments and savings, $1 million is a very realistic figure to achieve. My aunt is a clerk and she achieved that around 55, with property, CPF, savings and some investments. So you have to make sure you grow your wealth and not let your money sit in the bank. At least CPF does that for you, risk free, but the rest is up to you.

Without looking at statistics, this is a difficult question to answer.⁣
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I'm not sure about your reason for asking this.⁣
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Everyone has different circumstances and opportunities. So I think it is best not to compare with others, but to compare with yourself. ⁣
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E.g. of questions I would ask myself:⁣
Have I made the most of the resources I was given? How much of my goals have I reached? What else should I do?⁣
What helped me get here, and what could I improve on?