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How your expenses can hit your retirement plans

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People often find themselves short of cash in old age because they are tripped up by unexpected expenses that eat away at their savings.

People often find themselves short of cash in old age because they are tripped up by unexpected expenses that eat away at their savings.

ST PHOTO: GIN TAY

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How much you need for monthly expenses is a crucial number to note because it will determine whether you have enough stashed away for a comfortable retirement.

It is not enough to just look at your savings as everyone’s needs are different.

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