Will your retirement be a time of rest or money stress?

Some retirees are blessed enough to enjoy the love of family and friends. Photo: Filepic

Many of us who have retired wonder how long our EPF savings will last. For those with financial commitments, life gets a little more difficult.

A group of friends who bought houses late in their careers, are still servicing housing loans. The monthly instalments were manageable when they were still working. However, it becomes a nightmare once they have retired. Even government pensioners who draw half their monthly salaries will find it difficult to make ends meet if they are still servicing a loan.