CPF, cash not enough for comfortable retirement

In reality, many Singaporeans are not planning effectively for their retirement.
In reality, many Singaporeans are not planning effectively for their retirement.ST PHOTO: KELVIN CHNG

With 91 per cent of Singaporeans owning their own homes and having an average net wealth per household of $640,000, it would be fair to assume that most of the population is positioned to achieve financial independence and retire comfortably when the time comes.

However, these numbers do not tell the whole story. In reality, many Singaporeans are not planning effectively for their retirement.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Sunday Times on September 23, 2018, with the headline 'CPF, cash not enough for comfortable retirement'. Print Edition | Subscribe