Retirement Planning Tips That Will Keep Worry At Bay

This article first appeared on Financial Alliance’s blog.

While everyone wishes to put in place the best retirement plans, it ought to be noted that starting to build a retirement plan at a younger age has irreplaceable benefits.

The longer the time horizon, the better an investment portfolio can capitalise on the compounding effect on retirement fund value. It is, therefore, unsurprising to hear that on average, Singaporeans start planning for their retirement when they are 27 years old.

Below are three retirement planning tips that you could take into consideration when you set out to create what might be the best retirement plan for yourself so that you will not have to worry too much about it in the future.

Tip 1: Property Returns May Not Always Be the Key to Retirement

Sometimes, you could hold on to certain beliefs that might have an adverse impact on your ability to accumulate funding for your golden years and leave you worrying about your retirement funds.

More than 50% of the working population in Singapore perceive that properties offer the best returns for retirement savings but that trust may be unwarranted.

As Financial Alliance’s Wealth Management (Economy & Market Strategy) Director, Mr Sani Hamid, puts it, “The returns from property have been above average over the past few years as a result of low-interest rates and excess liquidity in the system. However, these conditions are not expected to last and thus, such returns may be hard to sustain as the property cycle moves into a new phase of its cycle.”

best retirement plans - financial alliance

Tip 2: Take Increased Life Expectancy into Consideration

With the advancement of medical treatment and technology, as well as a more widespread emphasis on healthy living and diet, life expectancy is higher than ever.

Yet with a longer life, it comes with more things that you will be worried about. In this case, you will be concerned about how much you will have to spare during your old age. You will then have to make careful planning for your retirement.

Hence, one of the essential retirement planning tips is to include an additional 5 years into one’s retirement plan. For example, if a person estimates that his retirement life will last for 20 years, he may wish to create a retirement plan that lasts for 25 years to ensure that he has more funds to live off.

Tip 3: Retain Risk Preferences Despite Starting Late

Do bear in mind that the later one starts planning, the more risky things get, so remedies, even if available, might be less effective. One mistake investors often make when starting late is to take on more risk than necessary to try and make up for the lost time.

Here are some methods that could be employed to make up for lost time include:

  1. Divide retirement investments into two portions: one to cater for the earlier stage of retirement (age 65 to 80) and one to cater for the later stage of retirement (age 80 to 90). The latter portion can take more risks since there’s a longer time period before these funds are needed.
  2. Save and invest a larger portion of income
  3. Look for ways to raise liquidity, for example, downsizing one’s property to partially cash out on one’s accommodation.

Unless it is absolutely necessary to take risks, a person should always keep to his/her risk preference. One’s retirement savings should also always have a combination of assets to reduce risk through diversification. With such an allocation, you will be less likely to worry about your finances when you reach retirement age.


We do hope that these retirement planning tips will help you to keep your worries at bay and get you started on planning for your old age.

At the end of the day, the best retirement plans will require more thought and action than the above retirement planning tips suggest, so do use them as food for thought, and take them into consideration when you are creating the retirement you desire.

With a comprehensive retirement plan, you only have to sit back and rest easy during your retirement years.

If you need some advice with regards to retirement planning, do feel free to contact me.

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Eileen Low Geok Lin

I have been in the financial services industry for the past 20 years helping clients to amass wealth and addressing their protection needs. Strong ties with my clients and their families are established over the years as I work on their priorities on a continual basis.
Being an advocate of growth mindset, I strive towards helping my clients and their families to accumulate wealth and helping them grow their investment portfolios. This has honed my investment skills and helps to acquire new knowledge in this ever-changing landscape.
The long term relationships with my clients have been, and will continue to be my source of motivation to strive for excellence in this crucial industry. I wish to work with established individuals and to help families with legacy planning so that their next generation will benefit from the fruits of their labor.
Eileen Linkedin page 


Contact Me

What type of services are you looking for? 请问您需要咨询哪些方面的服务?(Please select all that applies)


By submitting this form, I confirm that


  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
  • 我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策,并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
  • I have read and understood the disclaimers above and hereby affirm my acceptance of these terms.
  • 我已阅读并理解了上述免责声明,特此声明接受这些条款。
  • I have not been directly contacted or approached by any representative or employee of FAPL with an offer or solicitation to apply for any financial products not offered in my home country.
  • 鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.
  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照,并许可在新加坡共和国境内依据财务顾问法(第110章)和证券与期货交易法(第289章)进行财务咨询等相关业务
  • Any services provided by FAPL to persons not ordinarily resident in Singapore are provided solely on an offshore basis from Singapore, resulting from direct enquiry on the part of the foreign residents.
  • 鑫盟理财为非新加坡居民所提供的任何服务仅限于直接向鑫盟理财发出咨询请求的国外居民。
  • As an integral part of the provision of such services, FAPL may from time to time make available to such residents, documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of the foreign jurisdiction).
  • 作为提供此类服务的一部分,鑫盟理财会不时向此类咨询者提供有关产品的参考文件和信息(例如,关于海外司法管辖区以外的资金管理或投资咨询服务等信息)。
  • Such documents and information are provided by Financial Alliance Pte Ltd (“FAPL”) is for general information only and is not intended for anyone other than the recipient.
  • 此类由鑫盟理财所提供的文件和信息仅供收件人做一般信息参考。
  • It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
  • 此类文件和信息不会把-个人投资目标,财务状况或其特定需求等考虑在内。
  • It does not constitute the making available of, or an offer or solicitation by FAPL to buy or sell or subscribe for any such capital markets product or to enter into a transaction or to participate in any particular trading or investment strategy nor an advice or a recommendation with respect to such financial products.
  • 鑫盟理财向该人士提供此类文件和信息将不构成要约或招揽购买或出售或认购任何此类资本市场产品,或达成交易或参与任何特定的投资策略,也不构成有关此类金融产品的建议或推荐。
  • These documents may not be published, circulated, reproduced or distributed in whole or in part to any other person without FAPL’s prior written consent.
  • 未经鑫盟理财的事先书面同意,不得将这些文件全文或部分发布,传播,复制或分发给其他人。
  • This document is not intended for distribution to, publication or use by any person in any jurisdiction, where such distribution, publication or use would be contrary to applicable law or would subject FAPL and its related corporations, connected persons, associated persons and/or affiliates to any registration, licensing or other requirements within such jurisdiction.
  • 鑫盟理财无意在分发,出版或使用此类文件可能违反当地法律,或本公司及关联公司或关联人士需要注册,获得许可或符合规定的司法权区向当地人士分发、出版此类文件或供其使用。
  • You shall ensure that you have and will continue to be fully compliant with all applicable laws in your home country when entering into discussion or contracts with FAPL.
  • 在与鑫盟理财进行讨论或签订合约时,您应确保您已完全遵守并将继续遵守您所在原居住国的所有适用法律及条规。

In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at

根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.


Scan for Contact Details

Join our newsletter

Subscribe to our newsletter to receive updates on our latest content!

By providing the info below, I confirm that I am the user and/or subscriber of the telephone number(s) and email address provided by me and I consent to receive from Financial Alliance and/or its financial adviser representatives, any marketing, advertising and promotional information organise by Financial Alliance via voice calls, SMS/MMS (text messages) or faxes to my telephone number(s) provided below. I understand I may withdraw any consent I have given at any time by writing in to Financial Alliance Pte Ltd.

Scan for WeChat QR

Retirement Planning

Will I be able to retire comfortably?