Financial experts from The Sunday Times and DBS Bank will address retirement risks and how to manage them in a Web-based seminar (webinar) next week.

The event is timely as recent surveys have highlighted the fact that retirement planning is one of the top priorities for Singaporeans.

Many people believe that retiring is going to be tough, yet few have actually started planning for it.

Some are unsure about how much money they will need for retirement and how to go about planning for this phase of life. There is also a tendency to underestimate the amount needed for retirement.

During the inaugural webinar, Mr Brandon Lam, DBS Bank's Singapore head of financial planning group, will debunk misconceptions which could hinder one from proper retirement planning. These include believing that you do not need to spend as much when you retire and that it is too early to start saving for retirement.

Ms Lorna Tan, Invest Editor of The Sunday Times, will discuss retirement risks, such as the danger of outliving your nest egg and the risk of retiring too early, and how to minimise these risks.

The session will be moderated by The Straits Times Business Editor Lee Su Shyan.

•The webinar is free and will be held on Wednesday, Oct 12, from 1pm to 2pm. Please register at http://go.dbs.com/sg-sutwebinar