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Why You Need a Retirement Plan

While CPF LIFE offers a basic safety net, most Singaporeans find it insufficient to cover lifestyle and healthcare expenses during retirement. Here’s why private retirement plans are worth considering:

• Inflation Protection – Savings alone often lose value against inflation.

• Guaranteed Income – Annuities provide stable monthly payouts for life or a fixed period.

• Flexibility – Choose payout age, duration, and premium terms to suit your financial needs.

• Family Protection – Many plans offer death or disability benefits alongside retirement income.

For this comprehensive review, InterestGuru.sg looks into the best retirement plans in Singapore that provide the highest income payout toward meeting your lifestyle needs and expenses.

• Best Retirement Plan for Disability Benefit – Manulife RetireReady Plus III

• Best Retirement Plan for Flexibility – NTUC Income Gro Retire Flex Pro II

• Best Retirement Plan for Lowest Premiums – China Taiping i-Retire II

• Best Retirement Plan for Guaranteed Payout – Singlife Flexi Retirement II

Related article: The Complete Guide to Retirement Planning

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