With 91 per cent of Singaporeans owning their own homes and having an average net financial wealth per household of $640,000, it would be fair to assume most of the population is positioned to achieve financial independence and retire comfortably when the time comes.
However, these numbers do not tell the complete story. In reality, many Singaporeans are not planning effectively for their futures and retirement years. This year's Budget focused in part on the ageing population and got me thinking about how savers can ensure they have put aside enough to support their retirement plans.
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