How much is enough for retirement in Singapore?
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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 -
When your passive income = monthly expenses * 3
you can retire. -
shawnlim88:
I will be very glad if my passive income = monthly expenses/3. :oops:When your passive income = monthly expenses * 3
you can retire. -
shawnlim88:
When your passive income = monthly expenses * 3
you can retire.
You can say that, but it is likely the idea of THAT as your only target is going to demoralize you from even starting out at all.
Many gave up when they are in their 20s, when they form their family with only $1000 left in savings and telling them they need $1 mil or $2 mil like what most voted here because it is just so so so so far away.
They don't even feel like getting started. The grind is hard.
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