New Grad? Never too early to think of retirement

New Grad? Never too early to think of retirement

The Straits Times – 06 August 2017

Last month, more than 15,000 university students graduated here. Now that they are entering the workforce, these millennials should set up a financial plan, whip their money management habits into shape and adopt financial discipline .

Experts say it is never too early to start. In fact, surveys have shown that the main reason most people cannot retire comfortably is that they started saving only around their 40s.

Ms Shirley Tan, head of marketing and customer experience at Etiqa Insurance, said the big advantage millennials have is time.

“Millennials are in the best possible position to get started, with about 40 years to save for retirement, and whatever they contribute will grow and accrue interest greatly over time,” she noted.

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