DID YOU KNOW?
Fixed Deposits, Endowment plans and Stocks are the top three financial products in Singapore.
60% of mass retirees have no retirement plan for regular income.
66% of Singaporeans afraid to take risks.
47 % depend on children to develop a financial plan.
Only 3% go to Financial Adviser.
I strongly feel that Singaporeans are in big trouble. They have neglected the issue of retirement thinking that CPF is sufficient for their retirement. Hello? Things are way different know. Look at the alarming rate Inflation is rising to. Its 7.5% now. Its creeping up on all of us slowly. People are beginning to realize the pinch... Will it go away? hard to say....As long as oil prices continue to rise, things are definitely going get a lot more worse.
60% of mass retirees have no retirement plan for regular income.
66% of Singaporeans afraid to take risks.
47 % depend on children to develop a financial plan.
Only 3% go to Financial Adviser.
I strongly feel that Singaporeans are in big trouble. They have neglected the issue of retirement thinking that CPF is sufficient for their retirement. Hello? Things are way different know. Look at the alarming rate Inflation is rising to. Its 7.5% now. Its creeping up on all of us slowly. People are beginning to realize the pinch... Will it go away? hard to say....As long as oil prices continue to rise, things are definitely going get a lot more worse.
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