While you may already be on the right track to a financially independent retirement, there are a host of opportunities to consider without compromising on your needs or your lifestyle.
Supplementary Retirement Scheme (SRS)
The Supplementary Retirement Scheme was introduced by the government to allow Singaporeans to save more for their retirement years, beyond their CPF savings. The benefit? Investing in SRS and SRS-approved financial instruments help with reducing your taxable income, and allowing you to earn even higher returns for your eventual retirement.
Investment-Linked Insurance
Beyond keeping you and your loved ones protected for the unexpected, there are many insurance plans that combined both protection and investment These offer the flexibility of dividing your premiums into insurance protection and investment funds.
Unit Trusts
Another popular option, Unit Trusts have the potential to deliver higher returns compared to traditional savings plans. You may diversify your investment portfolio as you gain exposure into professionally managed investment opportunities in local, regional and global markets.
Finally, explore opportunities that create passive income streams to supplement your income and boost your savings. These are ventures requiring minimal effort and upkeep, yet able to earn meaningful returns to boost your retirement kitty.
Speak to a financial adviser for more nest egg opportunities so you can look forward to retiring restfully, happily and comfortably.
