By: Tien Yu-pin and Lilian Wu
Taipei, Aug. 19 (CNA) Taiwanese on average wait until they are 36.6 years old to begin to planning for retirement, and 22 percent do not start until in their 40s, a survey by an asset management company revealed Wednesday.
“That’s far too late,” said Andrew Wang (王彥傑), chief investment officer of Manulife Asset Management (宏利投信).
Wang said that although people are likely to become more financially stable later in life, their retirement plans should not consist solely of waiting for a pension. [FULL STORY]