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Why Saving S$1,000 a Month for Retirement Could Be Your Biggest Financial Mistake—Here’s What You’re Missing!

Why Saving S$1,000 a Month for Retirement Could Be Your Biggest Financial Mistake—Here’s What You’re Missing!

“I think I have taken care and saved up for my retirement.”

“The only thing that I might need to save up more is if he (son) needs to go to an overseas university. So we might be looking at a sum of $400,000.”

As the conversation develops, Alex shared about retirement.

“If I look at what I need, I would probably need $1,000 monthly in my retirement. Not including her [wife]. If we include that, we are probably looking at double that.”

I told Alex straight up I was astonished he would actually tell me such a number.

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