Why it’s hard to start planning for retirement if you wait till 50

Quick Summary:

Many people fare badly at retirement planning because they mistakenly think they can just save for it after 50.

Some even told OCBC during its annual survey that they could plan later if they are “thrifty and save up”.

SINGAPORE – About a quarter of working adults here have the wrong idea that it is easy to plan for retirement because they intend to do so only when they are in their 50s or even older.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Retirement Unlimited Access 99/month Media Limited First Plan Months Stories Subscriber-only

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 05:00:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 173 words

Reading Time: 1 minutes read

Sentences: 11 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23956066

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 13 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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