How much is enough for retirement in Singapore?

[lee_yl]

DH's colleague passed on due to cancer and after deducting insurance payouts, the family is still laden with a $500K bill for the cancer treatment and ICU stay

[ammonite]

lee_yl:

DH's colleague passed on due to cancer and after deducting insurance payouts, the family is still laden with a $500K bill for the cancer treatment and ICU stay

That should be private hospital, A1 ward? For chronic ailments, choice of hospital and ward are very important.

Another relative who is single and childless was in an accident. Spent three weeks on life support before passing away. Everything covered with subsidies and insurance.

[starlight1968sg]

The greatest uncertainty is the medical bills during old age.

[Yngmng]

starlight1968sg:

The greatest uncertainty is the medical bills during old age.

I try to lead a healthy lifestyle....hope can persist....no more kopi...kopio siew dai...

[Yngmng]

starlight1968sg:

The greatest uncertainty is the medical bills during old age.

Lead a healthy lifesyle....hubby switched from Kopi to Kopi o siew dai....

[MyPillow]

Yngmng:

I know a close relative in her mid forties who has no savings nor investments. Her only assets are cpf and hdb flat ( not fully paid) But, she has a car, a maid and her kids attend tuition. She goes for her hair treatment and manicure sessions. Sometime, life is really a matter of choice...

i think there are a lot of such people around us
They dun think too long and far, earn and spend, save some rather than save a HUGE SUM.
yep its a matter of choice .

I calculate on and off for retirement $ needs, esp the gap years , can make one worry too much
Live simple,eat humble , I need car now but i dun need one during the golden years
No need to go holidays / or travel far /luxury in golden years if not sufficient $
Need to keep Healthy - Health is WEALTH
But if i retire at 55, I also wonder what should I do at home :faint: I may have occupational hazard- enjoy bossing around

[MrsKiasu]

dh now kopi O kosong. I most time kopi O kosong and other times add some fresh milk.

[MyPillow]

lee_yl:

starlight1968sg:

I feel apprehensive with retirement.

I am not looking at building a portfolio to generate enough passive income to fund my daily expenses during retirement but merely saved enough to last till my end.

If I don't have something that generates income but only savings, I think I will feel scared. To see my savings account depleting day by day is like dripping blood,

property lor
But property has its ups and downs, need capital to maintain non tenant period too
back to Basic should be ok. the most ah lao go drive grab , i go sell ice-cream or go call center to work as cust serv - old but hopefully still got nice voice

[MrsKiasu]

MyPillow:

Yngmng:

I know a close relative in her mid forties who has no savings nor investments. Her only assets are cpf and hdb flat ( not fully paid) But, she has a car, a maid and her kids attend tuition. She goes for her hair treatment and manicure sessions. Sometime, life is really a matter of choice...

i think there are a lot of such people around us
They dun think too long and far, earn and spend, save some rather than save a HUGE SUM.
yep its a matter of choice .

I calculate on and off for retirement $ needs, esp the gap years , can make one worry too much
Live simple,eat humble , I need car now but i dun need one during the golden years
No need to go holidays / or travel far /luxury in golden years if not sufficient $
Need to keep Healthy - Health is WEALTH
But if i retire at 55, I also wonder what should I do at home :faint: I may have occupational hazard- enjoy bossing around

i m getting more stingy/careful with spending. went ikea yesterday for salmon meal @ $9+ per plate. this morning bought 2 packets of salmon from ntuc abt $15 in total.. got 3 portions of fish! carrot only $0.86, banana $1.80..jiak bao bao

[MrsKiasu]

MyPillow:

lee_yl:

[quote=\"starlight1968sg\"]I feel apprehensive with retirement.

I am not looking at building a portfolio to generate enough passive income to fund my daily expenses during retirement but merely saved enough to last till my end.

If I don't have something that generates income but only savings, I think I will feel scared. To see my savings account depleting day by day is like dripping blood,

property lor
But property has its ups and downs, need capital to maintain non tenant period too
back to Basic should be ok. the most ah lao go drive grab , i go sell ice-cream or go call center to work as cust serv - old but hopefully still got nice voice [/quote]in future grab may be driverless, ice cream ppl can make at home and call outctr jobs already outsourced to india/Philippine etc..do what arh?