How much is enough for retirement in Singapore?

[starlight1968sg]

3 Assumptions About Retirement Singaporeans Will Regret Making:

1) My kids will look after me
2) I only need to rely on my CPF
3) I don’t need so much money when I retire
http://blog.moneysmart.sg/saving/3-assu ... et-making/

[zbear]

starlight1968sg:

3 Assumptions About Retirement Singaporeans Will Regret Making:

1) My kids will look after me
2) I only need to rely on my CPF
3) I don’t need so much money when I retire
http://blog.moneysmart.sg/saving/3-assu ... et-making/

For item 3, we no need to sit in void deck, we can chit chat on KSP.

[starlight1968sg]

zbear:

starlight1968sg:

3 Assumptions About Retirement Singaporeans Will Regret Making:

1) My kids will look after me
2) I only need to rely on my CPF
3) I don’t need so much money when I retire
http://blog.moneysmart.sg/saving/3-assu ... et-making/

For item 3, we no need to sit in void deck, we can chit chat on KSP.

To chit chat on KSP, must hv a device (smart phone or ipad) connected to an ISP :oops:

[TheAnswer]

Cannot spend the whole day chatting on KSP… need to have a more fulfilling life…

[lee_yl]

janet88:

lee_yl:

Anyway, for hubby, he is likely to work until 62 or 67 even though he is likely to receive his full pension by 55, which we may go for one lump sum instead of monthly pension payouts. Better to have him occupied otherwise, Parkisons will set in early. Plus better for him out of the house so that we can have some personal space to ourselves.

what you mentioned very true...I worry for the time when hubby retires...from being busy to being too free at home. then he will meddle in everything and I lose my personal space...arguments will be frequent.

According to DH, previously, many cases of officers who died shortly after retirement, 2 plausible causes:

1) without the excitment, the body can't adapt so deteriorate and die fast,
2) lack of social and mental stimulation which leads to a declining health and early death.

[MyPillow]

lee_yl:

janet88:

[quote=\"lee_yl\"]
Anyway, for hubby, he is likely to work until 62 or 67 even though he is likely to receive his full pension by 55, which we may go for one lump sum instead of monthly pension payouts. Better to have him occupied otherwise, Parkisons will set in early. Plus better for him out of the house so that we can have some personal space to ourselves.

what you mentioned very true...I worry for the time when hubby retires...from being busy to being too free at home. then he will meddle in everything and I lose my personal space...arguments will be frequent.

According to DH, previously, many cases of officers who died shortly after retirement, 2 plausible causes:

1) without the excitment, the body can't adapt so deteriorate and die fast,
2) lack of social and mental stimulation which leads to a declining health and early death.[/quote]such cases are really sad. suppose to retire n eat the fruit, end up ...
Moderate enjoyment n work to keep body going

[lee_yl]

MyPillow:

lee_yl:

According to DH, previously, many cases of officers who died shortly after retirement, 2 plausible causes:

1) without the excitment, the body can't adapt so deteriorate and die fast,
2) lack of social and mental stimulation which leads to a declining health and early death.

such cases are really sad. suppose to retire n eat the fruit, end up ...
Moderate enjoyment n work to keep body going

This is not unique to my DH's workplace, there was a study conducted on Shell's employees and it was found that for employees of the same socialo-economic background, those who retire at 65 live longer than those who retire at 55.

Can go slow after 60+ but should not stop \"working\" entirely, need to cultivate some habits or play mahjong

[zbear]

lee_yl:

This is not unique to my DH's workplace, there was a study conducted on Shell's employees and it was found that for employees of the same socialo-economic background, those who retire at 65 live longer than those who retire at 55.

Can go slow after 60+ but should not stop \"working\" entirely, need to cultivate some habits or play mahjong

I think this refers more to men than women? Usually these are the ones who ''sold'' their lives to the job until when they are no longer working, they are not prepared n didn't look for alternative activities to keep them occupied.

[lee_yl]

zbear:

lee_yl:

This is not unique to my DH's workplace, there was a study conducted on Shell's employees and it was found that for employees of the same socialo-economic background, those who retire at 65 live longer than those who retire at 55.

Can go slow after 60+ but should not stop \"working\" entirely, need to cultivate some habits or play mahjong

I think this refers more to men than women? Usually these are the ones who ''sold'' their lives to the job until when they are no longer working, they are not prepared n didn't look for alternative activities to keep them occupied.

Quite true, women can better handle retirement than men as women have other priorities beyond work. Most men are too attached to work for too many years.

[scang]

zbear:

lee_yl:

This is not unique to my DH's workplace, there was a study conducted on Shell's employees and it was found that for employees of the same socialo-economic background, those who retire at 65 live longer than those who retire at 55.

Can go slow after 60+ but should not stop \"working\" entirely, need to cultivate some habits or play mahjong

I think this refers more to men than women? Usually these are the ones who ''sold'' their lives to the job until when they are no longer working, they are not prepared n didn't look for alternative activities to keep them occupied.

retirement is not a switch where it is simply turn on or turn off.

It also requires planning, like a job or work, where it needs to be manage meaningfully with time occupied by hobbies, interest or doing some meaningful stuff.