Mr. Tan
What are your views about planning for the expenses set out in this article?
http://blog.moneysmart.sg/…/5-retirement-expenses-singapor…/
What are your views about planning for the expenses set out in this article?
http://blog.moneysmart.sg/…/5-retirement-expenses-singapor…/
Is it necessary to include these items in the financial planning? How much should be set aside for each item?
REPLY
I do not recommend setting aside a specific amount of savings for each item.
I advise people to make adequate savings to cover all contingencies, including retirement and unemployment.
I do not recommend setting aside a specific amount of savings for each item.
I advise people to make adequate savings to cover all contingencies, including retirement and unemployment.
My approach is explained in this talk.
http://c-onyx.com/page/2363
http://c-onyx.com/page/2363
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