How much is enough for retirement in Singapore?
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I do feel guilty for going on holidays trips when I am not working. However, I am not sure if I will still be fit to travel when I am older. For children enrichment, I see it as a kind of investments.
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There are many “inappropriate” things we can’t change despite we know is a waste of $$.
I just make sure my pocket has enough for my retirement and that is it.
If travelling is something you want to do, go do it and don’t wait till old. When old, nobody knows if your health and body permit you to travel. -
starlight1968sg:
Starlight,Janet
Yes, medical expenses is my greatest fear.
If one is old and healthy, he will still be able to work eg as s cleaner or odd job to make ends meet.
If one is old and sick, no hope
Quality of life is very important to me.
The basic human functions, ability to talk, walk, feed myself, bathe...all these are crucial.
Mum went for 2 knee replacement operations...the bills were mostly paid by insurance. She had a very patient and experienced doctor who did the op...touchwood! if I have to go for knee replacement, I don't want to go to govt hospitals because I've heard so many stories about people who can't walk for a long time after the op.
when I accompany mum for medical check up, we met patients who had operations done at tan tock seng or SGH but unsuccessful...they took a long time to get over the fear before seeing this doctor.
sorry for going OT -
I have tickets to Lorna Tan Seminar on 2nd June 2018. During the seminar, she gonna talk about how to go about retirement planning that she wrote in her book, Learn How To Retire Smart.
PM me if you are interested in attending the Seminar. -
EPF: Some retirees spending all their withdrawals in 30 days
https://www.thestar.com.my/news/nation/2016/12/28/epf-some-retirees-spending-all-their-withdrawals-in-30-days/#6dZiRtJ6FUV9oG8M.99 -
Having 1m to 2m, one can get a 2nd property and live on the rent till the end. Property can even pass down to kids
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17/18 NOV MoneySense Financial Health Check roadshow (Monetary Authority of Singapore)
https://www.moneysense.gov.sg/events/moneysense-roadshow
25 NOV MoneySense Introduction to personal investing (Monetary Authority of Singapore)
https://www.moneysense.gov.sg/events/introduction-to-personal-investing -
For sharing:
There is a \"calculator\" on retirement planning in https://smartwealth.sg/retirement-plans/ -
Must also take into consideration of inflation rate…
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GoBear Personal Finance Masterclass
https://gobear-personal-finance-masterclass.peatix.com/
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