I’ve been thinking about the cost of education in Singapore and would like some advice or feedback.

Like most parents, my children’s education is priority and I also know how expensive it can be. With this, I am also worried of my own retirement - that I would not have saved enough. I also don’t expect my kids to look after me (financially) and I don’t wish to be a burden to them. Any thoughts on this? How should I go about planning my retirement yet supporting my kids’ education to the best of my ability?

Joanna Tan

mom of 2

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I can relate! I only have 1 daughter, 3yo, but as early as now, I'm already thinking about the same thing like yours. Seeing my parents who do not have retirement plan and reaching senior age soon, I'm just glad they are good enough in handling their finances and have savings in their bank. And social security agency will be helpful for their pension. But I'm not good with money like them. So now I'm opening myself to conversations about financial planning, savings and retirement. I have spoken to one agency already and expecting more. Being able to provide to you child's needs is one thing very precious. Keeping yourself sustained and independent when you grow old is another!

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Home Random Talk like most parents children education priority i know how expensive with i worried own retirement that i not have saved enough i dont expect kids look after financially i dont wish burden them thoughts how should i go about planning retirement yet supporting kids education best ability