Mediacorp Artiste, Rebecca Lim, is planning her retirement early. Check out what she has to say about planning a future while still having the means to enjoy the present.
The old way was to think about retirement as an end. But actually, it should be a journey - A journey of Retiring. It's where you get more out of life as you work towards your retirement.
A research by NTUC Income shows that retirees wished they had started saving earlier for their retirement. A lot of them are dependent on their children upon retirement or had to take a step back from their current lifestyle. This is something I would like to avoid, with early financial planning.
For me, I believe in starting early and saving small, which allows me to balance other commitments. I would then step up my savings at a later stage in life where I have more financial freedom to ensure that I achieve my retirement goal of being financially independent.
Financial planning has helped me be assured of my future.
Speaking to my financial planner, I realised that it doesn't need to take much to start planning. You can take baby steps and start comfortably with an amount like S$300 a month, which is only half the amount of what young Singaporeans are willing to set aside as indicated in the research by NTUC Income.
I encourage everyone to plan early and consult a financial planner to get started!