SINGAPORE (16 Mar): Retirement is not something you’d normally think about when you’re in your youth.

It is easy to let loose and have fun. After all, you are likely to have just started in your first job, and it’s the first time you are enjoying financial freedom. And even if your current job doesn’t pay very well, you can always make up for it later with a better-paying role.

However, due to a longer life expectancy – the average Singaporean is expected to live up to 78.8 and 83.3 years for men and women respectively – you want to be careful not to fall into financial distress, especially when you’re much older and are facing retirement.

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