IM$avvy

The latest news on personal finances and CPF savings.

Thoughts, views and critiques. Writings from those in the know.

Lessons on finances at your place. We bring the education to you.

Express yourself. Engage others. This is your place to buzz!

A quick test to see how your financial knowledge measures up.

The lighter side of being savvy.

Read, Watch and Listen. Information that's worth learning about.

Everything you always wanted to know about personal finances.

Workshops, seminars and events to grow your financial knowledge.

Practical checklists for major financial decisions in life.

Home > Are You Ready? > Secure Your Retirement

With increasing life expectancy, it is important for us to put a plan in place as early as possible so that we can be financially independent during old age.

Use our simple checklist to run through some fundamentals for your retirement planning.

^NEW! Alternatively watch this video this find out more.

Checklist

I have estimated how much I need monthly for my retirement.

Tip: As a general rule of thumb, you may need 50% to 70% of your last drawn monthly income.

I have calculated the lump sum I need to save for retirement.

Tip: Try the Retirement Savings Interactive Calculator .

I have started saving for my retirement.

Tip: With compounding interest, the earlier you start, the more your money will grow.

I try to build up my retirement savings beyond the mandatory CPF contributions.

Tip:

Top up the Special or Retirement Account in cash
Transfer your Ordinary Account savings to your Special or Retirement Account
Participate in the Supplementary Retirement Scheme

I will join CPF LIFE to have a lifelong income.

Tip: Attend talks on Reaching 55 and CPF LIFE conducted by CPF Board to find out more.

Related Events

More Checklists:

[CLOSE]

Quiz Me

Sitemap | About Us | Terms of Use | Privacy Statement