【Events】What Are Your Plans for Retirement?
What’s the best way to invest for retirement and how much should you save for the future?Aging is frustrating, but it's part of nature. You can't expect to be young forever. It is inevitable that, despite all the advanced technology used to make our faces look youthful and slender, every page of the calendar proves that we are aging. Therefore, aging is a risk that each individual must deal with.
I would like to invite you to discuss retirement investing, and you will receive Tiger Coins as a prize.
Topic：
- What is the best age to retire?
- What’s the best way to invest for retirement？
- How much should you save for the future?
📢Activity Details
- All Tigers who leave a comment in this post will receive 50 Tiger Coins.
- One Tiger will be given 1000 coins for the comments with the Most Likes. ( Invite your friends to give you likes)
- All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 10 friends)
⏰Duration
- Today - 9th, June
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
There is no best age to retire.. but one would want to retire as early as possible so that we can enjoy life more..
In order to do that, we have to make sure we have enough to support ourselves and even our family till the very end.. so it is imperative that we have some form of passive income.. that can come in the form of property rentals.. dividends.. investment capital returns.. etc..
We can start by estimating how much we need monthly taking into account inflation and how long we are projected to be alive with somebuffer.. that would give us an estimated capital we need.. then from that.. we can determine what is the best way to generate that amount..
Retirement is not about fading into the sunset but having a zest for discovering new horizons, exploring new cities and having the time of our lives!
My goal is FIRE - Financial Independence Retire Early. My game plan is to set a budget to save and invest carefully, keep my expenses low and look for ways to boost my income.
In investing for retirement, I seek an income focused portfolio, balancing dividend and growth stocks and treasure hunting for high quality stocks. High quality stocks are those with strong balance sheet, ample free cash flow, high profit margins and high returns on invested capital. It is also important to have a diversified portfolio in different classes of assets to minimise risks.
Retirement planning takes time to plant, grow and flourish but with patience and determination, I know I will succeed in FIRE.
As Warren Buffett said, "Someone is sitting in the shade today because someone planted a tree a long time ago."
@TigerEvents
@TigerStars
My goal is to reach financial freedom rather than retirement. I will be free to do what I like and be able to travel around the world when I like. This pandemic has added many uncertainties. It is best to be able to do what we like now.
To achieve that, it is best for us to diversify our portfolio such as stocks, real estate, insurance, fixed deposits and even cryptocurrency (though volatile) to make our money work harder than us. Doyou agree with me?
@TigerEvents @koolgal @TigerStars @TigerStars
Invest in stocks that one knows for capital gains and dividends. No specific age that is best for retirement but must be financially secure for peaceful retirement.
No magic amount on what is sufficient. The bare minimum is sustenance and must have adequate insurance coverage.
@RDPD富爸穷爸 @DiAngel @Success88 @LuckyPiggie @Fenger1188 @SR050321 @Kaixiang @bernardtayet @pennylks @Venus_M @Wayneqq come join!
Not sure want retire. I think working is good, do what should we do, keep working when health allow. I think invest for financial freedom is better than retirement
I like invest in gold, dividen stocks, VOO, REITs..
Tagging for coin @wine18 @Sing2_Me @kungpao @Gunawanh @SakuraSakura @mothymo @PANDA039 @Mithnite free coins 🥳
Best way to invest for retirement? Slow & steady into blue chippy and dividend yielding...specifically defensive type namely national banks, dividend kingz & quality reits
Y? Because passive income via dividends able to ease one mind to some extend...giving sense of security and incentives of diamond hand during bear market. Sgx dividend stock not subjected to taxation ( only local citizens)
Saving: well i just follow the 5:3:2 ratio as much as i can.. Shifting the 3:2 during bear/ whenever have extra cash. No point aim a fixed value since inflation gonna made it pointless... (in 90s,1plate chicken rice how much? Fast-forward 30years admist chicken shortage) also life goal will always change based on lifestyle/status change/unfortunate events etc.. So just stick to a ratio that works well with you.
diversification is key. real estate, bonds, stocks, CPF and cash.
no amount is enough if you don't understand contentment.
INVEST INTO HIGH 7 TO 8% YIELD REITS ...PUT MONEY INTO CPF TO REAP HIGH 5% COMPOUNDING INTEREST
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RETIREMENT PLANS.... TAHGING FRIENDS @DiAngel @Paper_ @__DIA__ @JeremyKok @HelenJanet @SR050321 @StarLuck @StarLuck @koolgal @Tohlaykoon @MHh
Best way to invest for retirement - Property, shares, CPF
How much to save for the future - 10-15% of monthly paycheck