Addressing the reality of living longer

Those entering retirement should consider illiquid strategies with predictable income to enhance their investment returns, the writer says.
Those entering retirement should consider illiquid strategies with predictable income to enhance their investment returns, the writer says.ST FILE PHOTO

With retirement prospects in flux, it is vital to build long-term assets for one's golden years

With life expectancy increasing by approximately one year every five years, expectations of retirement are being reshaped, even as the number of older people still in employment continues to grow.

One in five Americans over 65 is in employment, and one in 12 is working over the age of 75. A similar trend can be observed in Singapore, with the employment rate for residents aged 65 and above reaching 27 per cent last year.

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A version of this article appeared in the print edition of The Sunday Times on July 07, 2019, with the headline 'Addressing the reality of living longer'. Print Edition | Subscribe