I'm an ok retiree for the last 30+ yrs but I can't say that to
most of my friends.
Many are poor and have little to start with. Some are a bit well
off but get off to bad investments or into silly things or health
problems that turn their retirement upside down.
Even as a retiree, one has to be mindful on how to inflation can
eat up one's savings when income and situations can change with
time.
Time and tide wait for no man even you're a retiree...
If I'm not wrong, those civil servants who were under the
former pension scheme can retire with ease of mind.
I knew of one old man, said he worked for over 40 years in the
civil service, withdrawn lump sum pension of 400 to 500K.
Unfortunately for him, he still has to work at his age because one
of his children - special need case.
