Not enough savings for retirement - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




Not enough savings for retirement

Reply
 
Thread Tools
  #1 (permalink)  
Old 14-05-2007, 08:59 PM
Salary.sg
Guest
 
Posts: n/a
Default Not enough savings for retirement

Business Times ran a story today on a study conducted by Manulife.

The study finds that the average Singaporean expects himself/herself to live for another 9 to 12 years in retirement. But the reality is that he/she can live for another 17 years based on actual statistics.

Due to this misguided expectation (or underestimation), the general population will likely have insufficient savings to last through retirement. They don't plan to live so long!

The CEO of Manulife Darren Thomas said:
Quote:
"To enjoy a comfortable retirement, one would easily need a steady stream of income for at least 20 years, and to be prudent, one should really be planning for 25 to 30 years since these are just averages."
My take is that you should save as much as you can during your working years while leading a comfortable lifestyle. I know it's easier said than done.

http://www.salary.sg/2007/not-enough...or-retirement/



SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


» 30 Recent Threads
How is life as a doctor in... ( 1 2 3... Last Page)
511 Replies, 601,518 Views
Compare civil service salary ( 1 2 3... Last Page)
7,448 Replies, 4,311,377 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
952 Replies, 757,928 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
206 Replies, 66,328 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,245 Replies, 1,070,333 Views
Associate in DBS ( 1 2 3... Last Page)
145 Replies, 189,807 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,907 Replies, 723,952 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
497 Replies, 244,887 Views
Salaries of Professors in SG ( 1 2 3... Last Page)
127 Replies, 193,405 Views
Constituency Manager (People... ( 1 2 3... Last Page)
679 Replies, 330,373 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
70 Replies, 56,351 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,077 Replies, 1,352,127 Views
UOB Management Associate Program ( 1 2 3... Last Page)
190 Replies, 106,986 Views
Queries about Cpib application ( 1 2 3... Last Page)
915 Replies, 366,448 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,400 Replies, 353,945 Views
Really that bad for engineers? ( 1 2 3... Last Page)
1,213 Replies, 797,467 Views
Lawyer Salary ( 1 2 3... Last Page)
4,069 Replies, 1,397,029 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,255 Replies, 430,865 Views
Exxonmobil ( 1 2)
14 Replies, 11,623 Views
GIC career ( 1 2 3... Last Page)
185 Replies, 242,531 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
79 Replies, 46,203 Views
Foreigner in Banking Industry
4 Replies, 436 Views
Govtech bonus ( 1 2 3)
22 Replies, 2,622 Views
Enterprise Singapore hiriing... ( 1 2)
15 Replies, 3,604 Views
Asset Management Salary and... ( 1 2 3)
20 Replies, 6,563 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,170 Replies, 570,489 Views
anyone working at NCS ? ( 1 2 3... Last Page)
269 Replies, 202,361 Views
Salary Calculation
3 Replies, 476 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
781 Replies, 556,296 Views
OCBC Graduate Talent Programme... ( 1 2)
15 Replies, 4,370 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:07 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2