allows someone to save regularly into a workplace pension and insecure and irregular work without the safety net of a workplace pension . This trend will only expand in the future and may prevent workers from meeting their retirement goals , and push them into working well into retirement .
Cash-flow modelling by AAM Advisory , charting the average financial life of a resident of Singapore with major lifetime expenditure factored in , shows that even with a monthly salary of $ 10,000 by the age of 40 , without additional financial planning on top of their CPF , someone would exhaust their funds by age 74 , well before the current 83.53 years expected .
But there is hope for Generation Z : the earlier you plan , the easier it is to achieve your goals and the more flexibility you have to meet them . By definition , Generation Z are at the greatest advantage as they have much more time to generate the savings they require for retirement and can take a longer-term horizon , therefore taking on more risk when they invest , especially in the earlier years before they have other life commitments . The importance of
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