This is the personal website of James Lim, an established financial consultant who is serving hundreds of happy clients. Through this site, he hopes to keep his clients and new prospects updated on latest developments that will impact their financial plans. This site will also give potential clients a good idea of who James is and how he can help them achieve their financial objectives.


James Lim started out working in the government, before going on to found and run a highly successful IT company for about 10 years. He moved into the finance industry in 2016 and has since become a member of the prestigious Million-Dollar Round Table. He builds his business on the foundation of integrity and trust, which is why most of his clients have placed their investments and financial plans with him.

More retiring later, but is it for the right reason?

Home/Retirement/More retiring later, but is it for the right reason?

Interesting commentary in the StraitsTimes about some possible reasons why Singaporeans are retiring later. The author is a Professor at the Singapore University of Social Sciences who heads the gerontology graduate programme there.

The 3 main reasons cited in her commentary are:

1. Changing attitudes of people towards retirement as life expectancy increases
Many in Asia are self-employed or have their own businesses, which means that the concept of retiring is quite different from those who hold a regular 9-to-5 employment.

2. Fear of not knowing what to do with their lives when they retire
Some wonder what they will do if they retire and this uncertainty drives them to delay their retirement. But for those who have already have a future envisaged, retirement is usually welcome.

3. Work defines their live or gives them meaning
Many tie their own identities to the work they do. Apart from work, they feel lost and aimless. Still others fear the loss of social interaction when they retire and thus cling on to work to define their lives.

Personally, the reason why various people retire later is not as interesting to me as what it means for each of us. This article, I feel, is another reminder for us to start planning for our retirement phase of life, which is going to come whether we choose it or the choice is imposed on us. Much better to start the thinking process now, than to face the future with uncertainty and fear or worse still, realize that we are completely not prepared for it.

One particularly interesting line in her article struck me:

Voluntary retirement with sufficient financial means is obviously the ideal situation.

And this further emphasizes the need to face up to the realities of life and start working towards having the ideal retirement lifestyle one desires. I’ve yet to meet someone who complains about starting his planning or saving too early.

Read more at https://www.channelnewsasia.com/news/singapore/commentary-more-retiring-later-work-longer-unhealthy-9826644



By | 2018-01-10T10:54:14+00:00 January 10th, 2018|Retirement|0 Comments

About the Author:

Leave A Comment