Share Now
retirement income plan

You Can Retire Long Before 65: Retirement Income Plan : A blog about how you can plan for income during retirement.

Retirement Income Plan is often ignored. When talking about retirement, most persons would focus on central provident fund’s CPF Life and property as main areas of concern, while they ignore one’s Retirement Income Stream.

It is an income stream designed to provide regular payments at a specified rate in exchange for an upfront premium payment. Retirement Income Plan usually come with a Death Benefit feature too, so it can be used to payout upon your death. This blog will help you to know more about retiring in Singapore and Retirement Income Plan.

What’s Retirement Income Plan?

Experts recommend that people start thinking about retirement around age 40. This is partly because the laws of physics don’t allow people to work for another 40 years and also because people tend to feel more confident after a few decades have passed.

It’s hard to imagine doing anything else for the rest of your life. And yet, if you start saving now, at 40 you can probably still be comfortably retired with enough money to live on (assuming you invest wisely).

If you’re nearing retirement age, you should think seriously about investing in a Retirement Income Plan. Here are a few things to consider:

1) It can help provide income during retirement.

With it, your investment grows tax-free over time and is paid out when you retire. You can make payments based on your life expectancy or other factors that make sense for your financial situation. Generally speaking, the longer you plan to stay in retirement, the better the return on your investment will be with a Retirement Income Plan.

 ensure that your assets maintain their value during retirement

2) A good Retirement Income Plan can help ensure that your assets maintain their value during retirement.

It provides guaranteed minimum returns over its term, so it helps protect against inflation — which often plagues retirees — by ensuring that your investment doesn’t lose its value if the stock market dips.

help provide income in retirement if you live longer than expected

3) It can help provide income in retirement if you live longer than expected.

This is a big consideration when retiring early or at a later age than planned. If you’re living longer than expected, an Retirement Income Plan might be able to pay out as much as 100 per cent more than expected — even though it was originally designed to pay out only 70 per cent of what was expected.

With your retirement income plan in place, you can retire much earlier than the traditional 65!

When you hear “retirement,” what comes to mind? Many people picture a beach vacation or a quiet afternoon on the porch. Some imagine world travel or an adventure-packed retirement filled with new experiences. Of course, most of us also associate retirement with being 65 or older.

But what if you could choose to retire at 50 instead? What about 45? Or how about 40?

Retire early with Retirement Income Plan

This is a piece of information I wish I would have known much earlier myself.

The idea of getting a Retirement Income Plan plan is to have a guaranteed income. Once you retire, the money from your Retirement Income Plan is yours, and you don’t have to do anything with it except enjoy the peace of mind that comes with having the cash waiting for you.

However, the reality is that not everyone lives long enough to make it to the end. And when they die, there’s no guarantee your plan will continue on after you.

So what’s the alternative? Retirement Income Plan are a form of insurance that can provide guaranteed income in retirement as well as during the duration of the plan. They’re also new features known as Secondary Insured option because they continue to pay your regular monthly payments to your loved ones even after you’ve passed away.

Source:NTUC Income

Retirement Income Plan are typically purchased through a financial advisor and can be very effective if used right.

And it’s not just me, we all have to think about money before we’re 40.

Start a Retirement Income Plan

Here’s a common misconception that retirement is something that happens after you leave your job. But the truth is, you need to be thinking about it before that. And it’s not just me; we all have to think about money before we’re 40.

The truth is, you need to start saving for your retirement income plan a long time ago so you don’t end up like M: in his 70s and still working..

And we all have to think about money before we’re 40 because things can change, and they change fast. It’s the decade when lots of people retire, and the decade when lots of people are pushed into early retirement by layoffs, downsizing or other sources of job loss. It’s also the decade when our health care costs creep higher, and the single biggest expense in most Singaporeans’ budgets.

A little bit of planning now can save a lot of headaches in the future.

Takeaway: The sooner you start planning, the easier it will be to retire.

The best time to think about retirement income plan, and then act on them, is right now.

It offers a way for you to guarantee a decent income, without putting all of your money into the stock market. And you don’t have to worry about losing it.

They are a great way to take control of your future financial security. They allow you time to continue working while taking care of the money that will eventually go towards your secure retirement.

early Retirement Income Plan

Takeaway: You should be thinking about Retirement Income Plan.

Most people still have a long time to go before they retire completely. They might be putting away money for a pension and living off that money for the next 15 or 20 years, or they may have a company pension plan and other savings plans in place.

But whether you’re working or not, it never hurts to look ahead at what you’ll need in retirement. You can start doing this now by talking with your adviser about a retirement plan and exploring your options for income later on.

So what should I do? At 40, you have put a lot of time and money into your career, but it is time to think about it.

Contact us to decide if Retirement Income Plan are right for you


  • MoneyLine.sg is an independent information provider. It is not a bank or financial services provider and cannot give direct financial advice.
  • All Sample Premium results if shown are based on the criteria indicated and MoneyLine.sg does not warrant or guarantee that anything written here is accurate, timely, or relevant to the solution of any problem you may have.
  • Contents are intended as general information only and do not consider financial situation or need of any user or reader, any specific person or group of persons. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract.
  • Moneyline.sg works with Synergy Financial Advisers to present these contents. Synergy Financial Advisers makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose. All information provided is not intended to be and does not constitute financial advice, insurance advice or any other advice or recommendation of any sort offered or endorsed by Synergy Financial Advisers.
  • Promotions indicated on this page may not be accurate and may be subjected to changes by providers without warning. Moneyline.SG does not take responsibility for the accuracy of the information shown in this content.
  • You are recommended to seek financial advice from a qualified financial advisor for product suitability and its latest premium rates quotation before deciding to purchase the product. In the event you choose not to seek advice, you should consider if the product is suitable for you.
  • Without prejudice to the generality of this, MoneyLine.sg Pte Ltd specifically excludes liability for any loss or damage no matter how arising from the use of this Web Portal or of any information or services provided through this web portal.
  • Please read our full Disclaimer on the use of our website.