Saving for retirement – How much is enough?
“How much is enough?” It’s a question that echoes in the minds of countless Singaporeans as they contemplate their future. With the rising cost of living, increased life expectancy, and the unpredictability of healthcare expenses, retirement planning has never been more urgent—or more daunting. While the Central Provident Fund (CPF) lays a strong foundation, the reality is that many Singaporeans worry that it won’t be sufficient to sustain the kind of retirement they aspire to. This article takes a comprehensive look at retirement planning in Singapore. We’ll debunk the myth of one-size-fits-all retirement goals, explore the intricacies of the CPF…