Millennials And The 2050 Retirement Deadline: What You Need To Know Now [ft HCA Hospice & MoneyOwl]

The Financial Coconut Podcast

Singapore Budget 2025 continues to recognise that a topic that's top of mind for many Singaporeans - retirement planning and what it really means to retire well in Singapore today.

Our panel of experts:

- Daphne Lye, Financial Planning Solutions Lead at MoneyOwl

- Dr Chong Poh Heng MD, HCA Hospice, who brings over 35 years of experience in end-of-life care

- Ashok Samuel, Ex GIC Head of Private Equity Risk with 30 years in private equity experience, now retiree in his late 50s, offers a personal perspective on the realities of retiring in Singapore and the wisdom he’s gained along the way

Episode highlights:

- Why traditional notions of retirement feel uninspiring to many millennials

- The evolving landscape of retirement planning beyond just CPF Life and insurance schemes

- How to balance living well now while preparing for future healthcare needs

- And some candid conversations about end-of-life planning that you won't hear anywhere else

03:59 What does hospice care actually involve?

05:56 What advice comes from those near the end of life?

09:51 How well do current retirement schemes support Singaporeans?

12:17 How can retirees manage rising healthcare costs?

18:29 How does Singapore compare to other retirement destinations?

21:03 How much should Singaporeans save for retirement?

29:28 What factors make retirees relocate from Singapore?

From financial strategies to emotional considerations, we cover the practical realities of retiring in Singapore today while challenging conventional thinking.

This is one conversation about retirement you don't want to miss. Tune in now to get inspired and empowered to rethink your own retirement journey!

Available on all podcast platforms. Drop your hot takes after listening.

Also, ask us anything today! and best questions will be selected to be personally answered by our expert network! Send us your questions here: https://www.thefinancialcoconut.com/ask-us

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Disclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions.

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