Here are a few tips…
- Up your contributions: Consider increasing your monthly retirement fund contributions. Every bit counts.
- Invest smart: Invest in portfolios that match your financial goals and lifestage. Read more about the available investment portfolios and lifestage option.
- Review your life insurance: Do you still need the same level of death cover? The less you pay for cover, the more you can save for retirement.
- Avoid early retirement: The longer you work, the more you can save for retirement.
- The power of compound interest: Your money can grow much faster in the last few years before retirement, thanks to compound interest.
- Preserve, preserve, preserve!: Don’t cash out your retirement savings when you change jobs. Preserve the money so it can continue to grow.
- Additional Voluntary Contributions: Boost your savings by increasing your monthly contributions or making an annual lump sum additional contribution.
- Pay off debt: Try not to go into retirement with debt so you can enjoy all your savings without bills hanging over your head.
- Review old policies: You might have old policies or investments gathering dust – and interest! Track down policies or investments you may have forgotten about.
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