Basic Steps In Retirement Planning

Learn about the nature of retirement in Singapore and some basic steps you can take to prepare for retirement.
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  • Lectures 13
  • Contents Video: 41 mins
    Other: 2 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 8/2013 English

Course Description

This course will help you to understand the nature of retirement, particularly in Singapore. It will highlight the importance of starting retirement savings early, the effects of inflation and some points that you should take note of before starting your retirement plan.

Several financial calculators are presented that will help you determine your retirement needs. Note that these are presented in the context of Singapore.

What are the requirements?

  • nil

What am I going to get from this course?

  • know why it is important to start retirement planning early
  • know about the effects of inflation
  • know how to calculate the amount you need for your retirement nest egg

What is the target audience?

  • working adults

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
02:39

In this lecture, find out some important facts about retirement in Singapore.

01:33

In this Lecture, find out more about MoneySENSE's core financial capabilities:

  • Understanding Money
  • Understanding yourself, your rights and responsibilities
  • Managing everyday money
  • Planning ahead
  • Selecting financial products
Section 2: Some Considerations Before Retirement Planning
03:27

In this lecture, find out why it is very important to start retirement planning and saving early.

04:30

In this lecture, find out about the possible effects of inflation on your retirement plan. Learn how to estimate how long it would take for the cost of living to double.

04:52

In this lecture, find out what factors you need to carefully consider before formulating your retirement plan.

Section 3: Retirement Planning Process
01:20

This lecture presents the five steps of the Retirement Planning Process.

04:51

In this lecture, find out more about two methods that you can use to estimate the funds needed for a comfortable retirement. They are namely the Income Replacement Ratio Method and the Adjusted Expense Method.

Section 4: Activities
04:55

In this lecture, learn how to use the CPF Retirement Savings Interactive Calculator which is available at this link.

03:07

In this lecture, learn how to use the CPF Retirement Estimator which can be found at this link.

06:34

In this lecture, learn how to use the detailed CPF Retirement Calculator which can be accessed from here. There are six steps in using this calculator.

02:49

In this lecture, we present the personal activities that you can do for retirement planning.

Section 5: Conclusion
Article

This lecture concludes Basic Steps In Retirement Planning. Join us for the next module entitled Constructing Your Retirement Plan.

3 questions

Try this quiz to test your understanding on Retirement Planning.

Article

This lecture contains links to additional resources where you can learn more about money matters pertaining specially to Singaporeans.

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Instructor Biography

Peggy Chan, Financial Literacy Trainer

Peggy Chan, Financial Literacy Trainer, Institute for Financial Literacy

MSc, CFP

Peggy has 8 years of experience in the financial services industry, helping clients understand their financial needs, objectives and risk tolerance as well as reviewing company policies and procedures to ensure compliance. She was also an adjunct lecturer with a Polytechnic, teaching insurance and retirement planning subjects.

Prior to joining the financial services sector, Peggy was working in the information technology sector for 13 years, first in a government agency and subsequently served as a Senior Systems Analyst in an international bank.

She is a Certified Financial Planner, which is a professional certification specific to retirement planning and wealth accumulation in addition to overall financial planning.

Peggy has a Masters of Science, majoring in Network Management. She also holds other industry certification in M5, M8, M8A, M9 and HI.

Instructor Biography

Institute for Financial Literacy, Unbiased Financial Education Courses

The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy is a collaboration between MoneySENSE, the national financial education programme in Singapore and Singapore Polytechnic.

MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee which comprises representatives from the Ministry of Health, Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People’s Association.

Our financial education courses cover basic money management, financial planning and investment know-how.

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