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20% Singaporeans unsure about retirement plans

Posted by jtsmyth8 on December 19, 2007

Save your money. The earlier you start the better. Put your money into safe investments. Bonds, guaranteed investments, money market funds. If you are more savvy and can handle fluctuation then invest in the stock market but choose your companies wisely, stick with the big companies or better yet just talk to an investment adviser and get some good advice.

“More than a third are clueless about how much money they would need for their golden years. And close to a fifth feel they need more than $1 million to retire comfortably.

The study touched on three main issues: their ideal retirement age, what age they can afford to retire, and how much money they need to retire.” (story)


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