S1E9: Retirement planning mistakes to avoid: Invest Talk

  • 4 Dec 2023

Find out how to generate as many as 8 streams of income for retirement.

Series synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors.

Host Lee Su Shyan - associate editor at The Straits Times - offers you an extra edge in managing your hard-earned money.

In this episode, Su Shyan speaks with Mr Jonathan Chan, a senior financial services director at PhillipCapital, Singapore’s largest retail brokerage. Mr Chan has nearly three decades of experience in the finance industry and has been conducting retirement planning seminars since 2015. 

Mr Chan highlights some of the common mistakes that investors make, such as keeping too much cash. Instead, he offers tips on how people should look at using their capital to set up multiple income streams, which will then allow them to enjoy a more comfortable retirement.

Highlights (click/tap above):

1:10 Outlook for inflation and interest rates 

2:21 Common mistakes made by investors in retirement planning

4:48 How much cash should you be keeping?  

6:27 Hear about creating as many as 8 different retirement streams 

8:02 Property as a retirement stream? Crucial factors to consider

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Produced by: Lee Su Shyan (sushyan@sph.com.sg), Ernest Luis, Teo Tong Kai and Eden Soh

Edited by: Teo Tong Kai

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Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.

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