Retirement Planning
In Singapore, retirement planning is crucial due to the rising cost of living and increasing life expectancy. The Central Provident Fund (CPF) serves as the foundation for retirement savings. Planning includes optimizing CPF contributions, investing in Supplementary Retirement Scheme (SRS) accounts for tax benefits, and exploring private retirement plans. The goal is to ensure a steady income stream through CPF LIFE and other investments, providing financial security and independence during retirement.