Walter de Oude, founder and CEO of SingaporeLife, dives into the essentials of retirement planning. He shares vital steps to secure a monthly retirement income of $3,000, emphasizing early savings and the CPF Life scheme. De Oude explains useful calculations, like the '300' formula for estimating necessary savings. He highlights the importance of considering factors like inflation and longevity. Strategies for individuals in their 40s to maximize CPF savings and close income gaps are also discussed, providing a roadmap to financial security.
