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.

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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