Singapore’s latest population census threw up some startling statistics on our ageing population.
Around one-third of all households have at least one member aged 65 and above.
What’s even more alarming is the doubling in the number of seniors who are living alone, from 27,900 in 2010 to 63,800 last year.
Unfortunately, there are nearly 98,000 people were unable to or struggled to carry out activities such as seeing, hearing, walking, concentrating, dressing and communicating.
Unsurprisingly, the bulk of this group comprised seniors aged 65 and above.
These statistics highlight the need for us to plan for our retirement.
It’s easy to underestimate how much you’ll need for retirement as many do not factor in rising healthcare costs and medical insurance.
For those with children, relying on them for financial support is not a sure thing as most of those earning under S$40,000 could not afford to pay for their parents’ needs.
In a nutshell, you need to ensure you have enough socked away when you hit your 70s and 80s, otherwise, you may end up having to work during your golden years.
This sobering fact is why you should endeavour to start investing as early as possible.
Building up that nest egg is vitally important to ensure you can enjoy a worry-free retirement.
Here’s a look at our top articles for this week.
1. Looking for REITs That Can Feed You for Life? These 4 are Worth Your Time
If you’re an income-seeking investor who’s looking for a consistent flow of dividends, then you should have a second look at these four REITs.
2. Top Growth Stocks to Watch Out for in July 2021
Here are some of the top growth stocks you should look out for as we welcome the month of July.
3. Investors Should Look for These 3 Catalyst Signals to Boost Their Stocks
Catalysts are important events that can benefit your investments. Here are three that you should watch out for.
4. Keppel Corporation’s Combination is Poised to Transform the Company: 4 Things You Should Know
Keppel Corporation Limited (SGX: BN4) announced a potential combination with rig builder Sembcorp Marine Ltd (SGX: S51). Here are four things investors should know.
5. Sembcorp Marine Announced a Second Rights Issue Within a Year: What Are the Implications?
Sembcorp Marine Ltd (SGX: S51) dropped a bombshell with its second rights issue in one year. We explore the implications of this move.
CapitaLand Limited (SGX: C31) is shifting towards an asset-light model by partially selling off its China properties. Here are five highlights from that announcement.
7. Interested in IPOs? Here Are 3 Reasons Why They Are Worth a Second Look
Here are three great reasons why IPOs are worth exploring as potential investment candidates.
8. 6 Types of Companies According to Peter Lynch: Part 1
Famous fund manager Peter Lynch classified businesses into six different categories. We take a look at the first three to see how they may fit into your investment portfolio.
9. Warren Buffett Reveals the Biggest Mistake You Can Make When It Comes to Money
The Oracle of Omaha reveals a major mistake that many make with their money. Read on to find out what it is.
10. The Joy of Dividend Investing
It’s a happy feeling when dividends flow into your bank account. Here’s why pursuing a dividend investment strategy can bring you happiness.
Can’t decide between growth or income? Now, you can enjoy the best of both worlds with our newest FREE report, 8 Singapore Stocks for Your Retirement Portfolio. You’ll discover 8 SGX stocks we believe can offer you strong capital growth and juicy dividend payouts. Click here to download the report.
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Please refer to the individual articles for stock ownership disclosures.
