In your fifities, these are the goals and concerns that you may have.
Safeguarding your cash flow
You are in your early fifties and almost lost your job? It is time to rethink your finance so you can sleep better.
That Magic Number 65
You are less than 10 years to that magic number to qualify for CPF Life draw down. Do you want to know what is your projected monthly CPF Life pay-out or wish to know how much CPF Life pay-out you should have to sleep peacefully every night? Or do you know what are the options available to supplement your CPF Life pay-out to meet your desired retirement lifestyle?
Rebalancing liabilities and insurance coverage
Your children are in their late teen or early adult and are about to fly off, but still dependent on you to finance their studies. It is a good time to review all your financial commitment and do some rebalancing of your loans and existing insurance.
Taking stock of your retirement funds
Children are working and earning their own keep, at the same time you are near your retirement age. Have you counted your eggs and strategize your CPF Life accumulation and its draw down?
Leaving a legacy
You are in retirement mode and have enough income from your CPF Life and various instrument to lead a comfortable life. Have you given a thought how to leave a legacy for your loved ones when you are no longer around?