How much is enough for retirement in Singapore?
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Cannot spend the whole day chatting on KSP… need to have a more fulfilling life…
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janet88:
According to DH, previously, many cases of officers who died shortly after retirement, 2 plausible causes:
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.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.
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. -
lee_yl:
According to DH, previously, many cases of officers who died shortly after retirement, 2 plausible causes:
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.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.
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 -
MyPillow:
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.
such cases are really sad. suppose to retire n eat the fruit, end up ...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.
Moderate enjoyment n work to keep body going
Can go slow after 60+ but should not stop \"working\" entirely, need to cultivate some habits or play mahjong -
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. -
zbear:
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.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. -
zbear:
retirement is not a switch where it is simply turn on or turn off.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.
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. -
Agreed, scang.
I am planning my retirement
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I am totally shock majority of you claims that to retire a person needs 1 to 2 million.... :yikes:
Wow
All of you leading AN ATAS LIFE... Most Kiasuparents are Rich Landlords, Tai Tai.... me- I only can envy and dream .
when I reach 65 , if CPF Life each month can take out SGD2k ...I will be happy Like An Oasis in the Desert 
To have 1-2 million the only thing I can do is to strike TOTO and BIG Sweep.... -
Top 10 Things Everyone Should Know About Saving for Retirement
10. How Much You Should Save for Retirement
9. Even Just Thinking About Retirement Can Help You Save More
8. There Are Tons of Tools to Easily Plan and Manage Your Retirement
7. Choose the Right Retirement Account Type
6. Compounding Is So Powerful It's Almost Magical
5. Don't Miss Out on an Employer Match
4. Look Out for Fees First
3. Automate Your Savings—and Stick with a Plan
2. Getting Started Is Easier Than You Might Think
1. The Best Time to Start Investing Is Now
source: http://lifehacker.com/top-10-things-eve ... 1687055516
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