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Have you started planning for your retirement? Tell us in not less than 50 words how you have started planning for your retirement needs. If you haven't started planning, tell us why not. Or if you have already retired, why not share how you planned financially for it!
Hi, Im Kavi I'm 29 years old I' married with a 2 years Son. We don't have any saving for the family,cos My salary is $1250 get at 25 of the month and my husband gets his pay $2500 between 15 to 22 of the month. He's a self employeed. He need to pay for his CPF, MEDISAVE, Bills and my pay goes to paying for BabySitter $500 and my boy's thing like milk, diapers etc.
I'm 37 this year. I have started to calculate roughly how much is required for retirement. I will save about 30% of my monthly income. And also, I can rely on my savings, investments and insurance policies.
Have yet to do any retirement plan. Started to contribute about 20% of combine income from my hubby and myself. Have got some saving for emergency use for about 2 years. Has bought some insurance saving plan for my family. Think need to plan for some health insurance for my family as medical fees is getting more costly that will not be able to afford in future for low-middle class family like myself.
It is important to plan retirement early to ensure that we can support ourselves in our golden years. I am 63, already retired. The CPF savings are the retirement nest eggs that we need to nurture with care. My husband and myself are very careful with investment. We will decline investment which offers high returns with low risk. We are glad that we have savings and insurance plans.
I'm 37 this year. I have started to calculate roughly how much is required for retirement. I have been saving about 30% of my monthly income. And also, I can rely on my savings, investments and insurance policies. I have my own financial plan and I have used the CPF Retirement Calculator at least once to plan and keep track of my retirement goals.
Of course! Personally I have some insurance and investment plans in place that will ensure that my retirement goals can be achieved. To have an adequate retirement fund, one would probably need to save up at least 20-50% of their monthly income on a regular basis. And the best alternatives would probably be putting your money into investments because the rate of inflation is so high and the interest rate is too low. However, with investment there will be certian risks involved so perhaps the individuals should do an analysis to know their risk attitudes and tolerance level before committing their money into the investments...
I am 41 years old and have not specifically started planning for my retirement. Instead, i have a balance of insurance, incestment-linked, unit trust, shares and cash savings. In addition, i have a home, which is an asset that i will own in about 10 years time. In addition, i prepare a budget and ensure that i meet the planned savings i have budgeted for.
I am in my mid 40s did not really do any financial planning yet. The reason is that I don't understand how to go about planning properly and am trying to read up more about retirement planning. I have some life insurance, endowment and cash savings. I am also going to attend the CPF life to find out more about CPF Life and how I could use that as part of my retirement planning.
Im 28 yrs old, although not really have planning about my retirement, but me and my hubby did having our investment, insurance and all the thing tat able to help for stablalise our future life.
