Secure your nest egg early
Prefer a lump sum, monthly income for fixed period of time, monthly income for life or a mixture of these 3 options available? Whichever the lifestyle you prefer, we will help you to work towards that. We are just a call or email away!
Use our budget planner to see how you can make your money go further.
Ask yourself when you would like to retire and your preferred lifestyle during retirement.
Work out how much money you can expect to have from your savings account, CPF savings, insurance policies, and investments when you retire.
Put in place a plan to help you save and / or invest regularly to accumulate your retirement savings.
Many of us think that saving for our retirement can wait till we are older – When we have a greater earning capacity, hence making savings an easier task. We may also be caught up with our immediate desires (travel, car, house etc.) or commitment to provide for both our parents and children.
There is never a “good” time to start planning for retirement. But there are advantages to start now. By starting today, it gives you the longest time horizon possible to grow your savings. You will also have the advantage of compounding interest. In addition, having a long term horizon will also help to ride out short-term price fluctuations.
A shorter time horizon will mean setting aside more money per month to accumulate the same desired amount. Investment opportunities may be fewer as you may have to be selective on the risk profile of your investments. There is a possibility that retirement may be delayed, adding on the stressor of remaining employable.
Apex Group is a group of authorized representatives of Income Insurance Limited | UEN:202135698W .
Disclaimers: All opinions expressed here are of my own and do not reflect that of Income Insurance Limited. Income is not responsible nor liable to any party for the content of this website and intellectual property used on this platform. Information and opinions provided do not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s); you may seek personalized financial advice to determine product suitability.
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