Retirement

last SG · 2013-02-02T19:45:13+00:00

I still want to be 'paid' when I'm retired. Which is why must cheong now and work for my retirement. Got a retirement planning policy from posb, when I hit 6...

zulkifli mahmood SG

Its easier to say than to do....if we didn't save enough for retirement, we can get stuck with bills to pay and unexpected expenditures....SG is a nice place for the people who have cash...its a good choice...but for the common worker, they can't afford to retire totally....most will hold simple jobs or working part-time...we simply can't hope that our grown children can give us money...they will have financial problems of their own...

I think most Singaporean elderly workers have failed to plan their own retirement because they think the Singapore government can help them and they depended on the government to give them the assistance when they retire later. My opinion, they have failed to plan for their own retirement themselves. I have spoken to many of my working colleagues regardless of their race in the past who were around my age at that time or older than me. I've asked them, "Do you think you can afford to retire in Singapore later?" Out of 10 people, 7 have said, "No." So when I asked which country they would retire later, some of them said that they would retire in Malaysia and China but some just don't know where to go for retirement later.

zulkifli mahmood SG

SCOOT

http://www.flyscoot.com/

zulkifli mahmood SG

CHINA AIRLINES

http://www.china-airlines.com/en/index.html

Genie99b SG

What is your idea of retirement.

What will you want to do during retriement?

My idea of retirement means keeping a lifestyle that is comfortable for me without having to work or spend time on it.

Eat. Travel. Enjoy.

The real question is how...using maths.

Compounding + leveraging

zulkifli mahmood SG

Cruise Resort Clubs ™ – Ocean Liner Luxury Resorts

Retirement living aboard our ocean liners can be very interesting when you retire, and cost effective.

The lowest cost residential property to live aboard for one month annually on level V is $16,026.65 inclusive of maintenance fees.

If you averaged owning this property over a 20 year period this would be $801.33 for roughly a month each year (28 Days). Total accommodation pricing in the initial year would be $28.62 per day. Much less than what it would cost to live on or retire on a cruise ship, but why would you want to. This is a one bedroom and bathroom condo type residence with a kitchenette, totaling 325 square feet. Much larger than most cruise ship cabin accommodations. This is the accommodation only expense. For a couple living onboard by the month as a part time resident, the price would be $400.67 per person, or $14.31 per day, if two persons were residing. This is with our annual fractional ownership programs.

http://residentialcruiseliners.com/retire_live_…

M the name SG

Manulife Retirement Solutions : http://www.manuliferetirement.sg

charlize SG

If I am 50 years old, can retire on $50,000 or not?

Demon Bane SG

If I am 50 years old, can retire on $50,000 or not?

If you have no loans to repay....I think you'll need at least $100k...what happens if you live to 80 years old?

charlize SG

If I have 30 year hdb loan and $50,000, can retire at 50?

$100,000 can retire?

How?

Demon Bane SG

If I have 30 year hdb loan and $50,000, can retire at 50?

$100,000 can retire?

How?

Actually it depends on your spending habits....if you retire, don't buy car or take taxi cab, eat modestly, should be ok with $100k...

Genie99b SG

australians go bali. singaporeans go malaysia

facepalm lol

charlize SG

Actually it depends on your spending habits....if you retire, don't buy car or take taxi cab, eat modestly, should be ok with $100k...

Assuming live for 30 years from 50 years old to 80 years old.

$100,000 divided by 30 years = $3,333 a year

$3,333 divided by 12 months = $277 a month

$277 divided by 30 days = $9 a day.

Each meal $3.

Can survive?

That's only for eating. Not including handphone bills, clothes, entertainment, shopping, water and electricity bills.

zulkifli mahmood SG

I watch this sg+ programme after midnight. They should have aired this programme in the early evening so more Singaporeans can view it.

CPF: Enough For Life

Will you have enough Central Provident Fund savings at retirement? Or will you have used too much on housing and healthcare? This week we look at how much say citizens should have about their retirement savings.

http://www.channelnewsasia.com/tv/tvshows/new_d…

zulkifli mahmood SG

CENTRAL PROVIDENT FUND

http://mycpf.cpf.gov.sg/

All the Best! SG

Actually try to hv savings and spent within ur means for ur retirement.

even if u r so rich, what if sth happen and u become poor, so always spent within ur means... About 100,000+ would be needed for retirement since calculations prove 100000 cannot

zulkifli mahmood SG

QANTAS AIRLINES

http://www.qantas.com.au/

zulkifli mahmood SG

ROYAL BRUNEI AIRLINES

http://www.flyroyalbrunei.com/

M the name SG

CENTRAL PROVIDENT FUND

http://mycpf.cpf.gov.sg/

IM$avvy : http://www.areyouready.sg

Summer hill SG

I have retirement plans.

If I become a lawyer, the first thing I will save to buy is a condo. Rent it our to pay my installments. I will still stay in my parent's house. [lol i love Yishun]

Then, after saving money for another condo, I will buy another condo again. Rent it out again to pay for installments. Don't spend a single cent from my condo renting out ever until I reach 50.

Then, I buy again..

No choice lah, life is like monopoly.

car is useless. buy as many properties as you can.

if you get seriously ill, no need to wait for gahment, sell of your condos and pay for your medical fees.

Summer hill SG

IM$avvy : http://www.areyouready.sg

don't put money in the bank. it is as useless as CPF.

spread it around in gold, properties, land investment.

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