Recently, while planning my retirement plan, somethings have come across my mind which is generating Passive Income for retirement. Understand that many of the reader here have plan using dividends from stocks as part of their passive income, some even put them as the main source of passive income when retirement.

I also had this plan as well, but something strikes me is that what if the company that I invest goes boom. My money will be gone and there goes my passive income. What if I am still in my 40s when I retire and the dividends that I rely on goes boom? Will I be stuck in the middle whereby I have not enough passive income and my working skills become obsolete? Because you never know what will happen in the future right?

Some people suggest going for blue chips because it is safe. But no matter blue chip, or whatever chip, there is still a certain amount of risk, anything can happen. How will you guys prepare for such scenarios? 

I also thought of buying properties as investment in Singapore, but it will still have the same concern as shares, what if foreign talents are moving to other countries like Vietnam, Bangkok and etc. since these place are moving towards the first world country/city, how will Singapore rental property fare in the future? So is relying on property a good suggestion as well?