Best retirement plan singapore
Retirement plans or annuities, when paired together with your lifelong payout from your CPF LIFE, can supplement your retirement income during your golden years. You can even expect a payout multiplier (2x) due to disability or when you are unable to perform a minimum 2 or 3 of 6 ADLs.
As you will be committing a significant portion of your life savings, ensure that the payout for your retirement plan is competitive and personalised to your needs.
For this comprehensive review, InterestGuru.sg looks into the best retirement plans in Singapore that provide the highest income payout toward meeting your lifestyle needs and expenses.
Best High Income Retirement Plan for Disability Benefit – Manulife RetireReady Plus III
Best High Income Retirement Plan for Inflated Payout – Etiqa Enrich Retirement
Best High Income Retirement Plan for Lowest Premiums – China Taiping i-Retire
Best High Income Retirement Plan for Guaranteed Payout – Singlife Flexi Retirement
Related article: The Complete Guide to Retirement Planning
What makes a good retirement plan or annuity policy?
The main objective of a retirement plan or annuities would be to provide a consistent stream of income starting from your preferred retirement age. Ideally, a shorter premium tenor would provide the highest yield to the maturity of the policy.
In order to retire without much financial stress, you should look to increase the number of income streams you have. This will guard you against the event where one income stream runs dry.
A retirement annuity plan helps you to achieve that by paying out guaranteed monthly income as well as potential bonuses upon reaching your chosen retirement age. In this post, we breakdown what are some of the best retirement plans offered in Singapore and which fit your unique needs.
Read More : https://www.interestguru.sg/compare-best-retirement-plans-in-singapore/