Hi ,

As I was doing some research recently, I came across something that really struck me.

Singstat reported that hawker food prices rose 6.1% in 2023, the steepest climb since 2008. Everyday dishes like chicken rice, Char Kway Teow, even kopi went up between 6–9% in just one year.

Most of us don’t think much of it we just pay and move on. But if even simple meals are rising this quickly, what do you think will happen to our retirement expenses 10 or 20 years down the road?

That’s why I encourage clients to think of retirement in terms of different pots of money for different purposes:

Pot 1: Base Income

• Covers the essentials — your non-discretionary expenses like housing, utilities, groceries. CPF LIFE is a great base here, because it gives you predictable lifelong income.

Pot 2: Lifestyle Income

• This is the “fun” pot, meant for discretionary spending — travel, hobbies, eating out, or treating the grandkids. It usually needs more flexibility and some growth to keep up with inflation.

When both pots are in place, you get peace of mind knowing your essentials are always covered, while still having the freedom to enjoy life in retirement.

If it interests you, here is the link to the report.

Best regards,

Zest Chia

Executive Wealth Consultant | Associate Estate Planning Practitioner |

Licensed General Insurance Advisory

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