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

19 Replies

Write a reply

Hi Joanna, My kids are slightly bigger now, but a few years ago we started an investment plan where we invest a lump sum every year for the next 10 years. A few years after that, the kids get a dividend, which they can use for their education. Although our plan for the kids is more structured, we're a little more lax with our retirement investments. However, we are thinking about that as well and putting aside some money every year, which will be for our retirement.

18 Replies

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