How much is enough for retirement in Singapore?
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Was hoping to cut tuition when DD1 in Sec. But she need help in maths and one of the sciences. DD2 only P1. But I kiasu and give tuition. I treat as investment la. Total damage per mth almost $1,200. Can pay for a condo mortgage. 😭
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doodbug\" post_id=\"1936791\" time=\"1569294109\" user_id=\"13281:
This I agree. 55-65 most jia lat period. Employers hiam we expensive. Wake up everyday somewhere pain. Dunno how to cross sia. I see many high flying peers kena pok from their jobs ard this age.
I personally feel the 'vulnerable' age is really 55 to 65, before CPF Life payouts kick in. This is the time when kids may not be fully financially independent yet, when one may be retrenched, health issues may set in etc. If one is fortunate to have sums in CPF (beyond what is required for CPFLife) for withdrawal at 55, I guess we'll really have to be careful and prudent with managing it to tide over or for contingencies during this period. -
tyeogh\" post_id=\"1936863\" time=\"1569311003\" user_id=\"94399:
I think 45 already employer find us ex. Say must guide younger colleagues and value add more. Unless promoted, pay hit ceiling liao. Kids still in school. Aging parents. Cannot lose job.
This I agree. 55-65 most jia lat period. Employers hiam we expensive. Wake up everyday somewhere pain. Dunno how to cross sia. I see many high flying peers kena pok from their jobs ard this age.doodbug\" post_id=\"1936791\" time=\"1569294109\" user_id=\"13281:
I personally feel the 'vulnerable' age is really 55 to 65, before CPF Life payouts kick in. This is the time when kids may not be fully financially independent yet, when one may be retrenched, health issues may set in etc. If one is fortunate to have sums in CPF (beyond what is required for CPFLife) for withdrawal at 55, I guess we'll really have to be careful and prudent with managing it to tide over or for contingencies during this period.
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MyPillow\" post_id=\"1936858\" time=\"1569310054\" user_id=\"70594:
Joy indeed. Right now it's still a struggle. This week PSLE. Tuition end. So can start saving after this month haha
tye, u have bundles of joy(s) to support mah . u will reap benefits when they grow adults .. must wait longer too .. next generation life is not easy to save up.
cut tuition to more down to earth rates.
Just balance monthly budget is risky - wat if one party becomes jobless ... -
MrsKiasu\" post_id=\"1936859\" time=\"1569310227\" user_id=\"43981:
Only applies to PSLE year nia. After PSLE, no more tuition. Daddy broke liao. I tell them, Daddy give you a leg up in primary school only. After that, you dont make it into local tertiary, it's your own funeral.
1.7k per child tuition, you have 4 kids, tyeogh..you actually rich lei. I just calculated agar ahar la..dd1 600/mth and dd2 700+/mth coz dd2 has music/dance..based on 4wks. -
the mummy can sell the H bags after a while ,still can support tuition for some months
true - it may be troublesome, but its good to keep a year plus of detailed expenses in excel /chart
then pick a/some dept to cut expenses
my dh is also more careful/ stingy in the tuition/ enrichment dept ... he feels we are making that industry rich & RICHER ; while parents slough like a buffalo ..which the $ can be saved to buy better insurance, investment pdt - cloud just pointed out $1k+ can pay mortgage for 1 bedder condo or another new 4rm flat monthly -
lee_yl\" post_id=\"1936838\" time=\"1569305809\" user_id=\"17023:
I'm waiting to be able to downsize to a 3-room flat! I think that size will be fine for a couple who don't like to do housework. And we will still have a spare room for a visitor if necessary. A 2-room will be a bit tight, I think, and we won't qualify for rental anyway. We finally paid off our HDB mortgage a couple of years ago, so whatever we gain from downsizing will go into our retirement kitty. But it won't happen so soon as both girls are still studying, and nowadays, they don't marry so early. But certainly by the time the older one hits 35, even if she isn't married, we will get her to buy her own flat and we can downsize. The younger can squeeze with us until 35 (only 2 yrs) if she still isn't married by then.
My thinking may change in 20 years’ time but right now, I do not wish to imagine myself downgrading to a 3-room flat or 2-room rental flat and that I have to spend my golden years there till I pass on!!
Else if I sit inside the 2-room flat and look out of the window, I will ask myself what have I been doing my whole life.
Our Matrimonial home has been fully paid up (cos we opted for an aggressive payment schedule) and we recently retired our old family car of 13years+. The new family car was purchased (fully paid up) and in doing so, we saved almost $20K in projected car loan interest. -
MyPillow\" post_id=\"1936870\" time=\"1569312563\" user_id=\"70594:
She'd rather sell me off. Some topics are out of bound for world peace.... :lightrod:
the mummy can sell the H bags after a while ,still can support tuition for some months -
slmkhoo\" post_id=\"1936871\" time=\"1569312988\" user_id=\"28674:
Actually, I was hoping to buy a 3 room hdb. Finished paying home loan ady. Got some CPF. Buy 3 room hdb to stay. Rent out my current home. Retirement settled. But govt dun allow. Wife says we divorce in paper. Put our property in her name. Then I go apply 3 room hdb. But I scared she run away with my money. Go find little fresh meat. So now stuck. How da?
I'm waiting to be able to downsize to a 3-room flat! I think that size will be fine for a couple who don't like to do housework. -
tyeogh\" post_id=\"1936880\" time=\"1569314420\" user_id=\"94399:
:rotflmao: you are funny.... usually we, the women, that worried that the men will find little fresh meat...
Actually, I was hoping to buy a 3 room hdb. Finished paying home loan ady. Got some CPF. Buy 3 room hdb to stay. Rent out my current home. Retirement settled. But govt dun allow. Wife says we divorce in paper. Put our property in her name. Then I go apply 3 room hdb. But I scared she run away with my money. Go find little fresh meat. So now stuck. How da?slmkhoo\" post_id=\"1936871\" time=\"1569312988\" user_id=\"28674:
I'm waiting to be able to downsize to a 3-room flat! I think that size will be fine for a couple who don't like to do housework.
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