As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Friday, 23 April 2010

No planning, but they want to retire early

By TEH SHI NING


HALF the working Singaporean population has yet to make financial plans for retirement even though three in five wish to retire by age 60, a new survey by global financial services firm Russell Investments has found.

'These findings are somewhat startling,' said Mahendran Nathan, Russell's chief executive for Asean, Hong Kong, Taiwan and India, who thinks they reflect a lack of awareness of the need for retirement planning and thought over what an increased retirement age might imply.

The desired retirement age of 60 reflected in the survey's results is shy of the current statutory retirement age of 62. Singapore's government has been preparing companies for the rollout of new re-employment legislation which will effectively raise the retirement age to 65 by 2012, and 67 eventually.

HOW TO RETIRE?

1 comment:

  1. Early retirement!!! Fade up of your professional life..Its time to enjoy now....But plan your retirement first...Lump Sum Annuity

    ReplyDelete

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