Terms and Conditions

Tuesday, January 24, 2012

Are You Retirement Ready?



From CPF Projections, the earlier you start to save for retirement, the more you will be able to gain in future, with the least capital you need to put in.
Consider this: If you started contributing $100 a month to your retirement account at the age of 25, and you were going to retire at the age of 60, then your account would reach $379,000. If you started saving for retirement at the age of 35 with the same contribution, then you would have just $132,000. The point is obvious. If you start saving NOW, compound interest becomes your best friend when it comes to investing money.

CPF Board always offers good information on our retirement.
Try out the interactive tool Are You Retirement Ready at https://www.cpf.gov.sg/cpf_trans/ssl/rnr/index.htm

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