The survey also found that many fear not having enough for retirement due to factors like the costs and time needed to raise a family.
SINGAPORE: A recent study by Fidelity International has uncovered a significant gap in retirement planning among Singapore investors, despite their active involvement in various investment areas.
However, younger investors are increasingly recognizing the importance of early planning. The data reveals that 19% of investors under the age of 30 have already initiated their retirement plans, while 27% are seriously considering starting soon. Notably, 57% of investors express concern about potential investment losses, 54% fear being forced into early retirement, and 34% cite income shortfalls caused by time taken off work for family responsibilities or maternity leave.
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