Firstly, ensure that she has a basic level of guaranteed income when she retires by ensuring that she has CPF contributions. CPF Life is one of the best annuities around and it gives a lifetime of income. As we do not know how long we live, a lifetime annuity forms the basis of 'survival income' to ensure that she will has money for essentials. You can also contribute to her SA (up to the prevailing FRS) when you start working so as to enjoy tax relief and help her retire better. Once she turns 55, you can contribute to her RA. Do note that this is a one way traffic however, money put into SA/RA will largely not be able to be withdrawn. Next, ensure she has medical and Long Term Care coverage. Medical and nursing bills cab be quite hefty and we want to ensure that such bills do not drain us of money for retirement. Beyond Medishield life and Eldershield, look at getting an integrated shield plan as well as Eldershield enhancement. Once those are taken care of, we can look beyond the basics. Creating lasting income from both guaranteed and variable sources will ensure diversification across various asset classes (retirement plan, equities, fixed income, etc) and a stable, low volatility portfolio. The exact composition of such a portfolio is dependent on your mom's risk appetite and preferences, so discuss with a consultant who can help you to plan and allocate her limited resources accordingly. Retirement saving plans from the banks would be an option but it is important to compare with other insurer plans as the banks only distribute products from a single insurer, so as to ensure that she gets the most for her money.