How much is enough for retirement in Singapore?
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Iluvmygals\" post_id=\"1936934\" time=\"1569334373\" user_id=\"26453:
I like to share a real life inspiring story.
Recently a colleague gave me an idea....if HDB is fully paid....when old...rent out the HDB and then use the rent to find a small 1-2 bedroom condo just for me and wife....like that can still enjoy life without spending too much....then once every few years can change location and move around condos....
I used to know this old lawyer neighbor staying at a condo which went enbloc some years back. During our last chit chat, she causally asked about getting a new HDB flat which she can retire in. So all along, I had the impression she’s gonna retire in a HDB flat with the windfall until one day, another neighbor told me this lady bought another old condo along orchard road, waiting for another enbloc.
You can call this lawyer lady greedy (which is how DH describes her) but her actions really inspire me!! Instead of retiring in a 3 room flat, why not retire in an old apartment with enbloc potential and sit on a goldmine?! -
lee_yl\" post_id=\"1936948\" time=\"1569336242\" user_id=\"17023:
enbloc is another way of toto
I like to share a real life inspiring story.Iluvmygals\" post_id=\"1936934\" time=\"1569334373\" user_id=\"26453:
Recently a colleague gave me an idea....if HDB is fully paid....when old...rent out the HDB and then use the rent to find a small 1-2 bedroom condo just for me and wife....like that can still enjoy life without spending too much....then once every few years can change location and move around condos....
I used to know this old lawyer neighbor staying at a condo which went enbloc some years back. During our last chit chat, she causally asked about getting a new HDB flat which she can retire in. So all along, I had the impression she’s gonna retire in a HDB flat with the windfall until one day, another neighbor told me this lady bought another old condo along orchard road, waiting for another enbloc.
You can call this lawyer lady greedy (which is how DH describes her) but her actions really inspire me!! Instead of retiring in a 3 room flat, why not retire in an old apartment with enbloc potential and sit on a goldmine?! -
I have a good friend, single, high flier, 50 yo, owns a fully paid condo worth about $2 mil, living a luxurious lifestyle.
Recently doc asked her to go for a complete hysterectomy as her fibroids keep growing and one of them has grown to about 8 cm. She visited the doc coz she has been experiencing incontinence (fibroid pressing on bladder).
She is reluctant to go for hysterectomy as she is yet to menopause.
She has some few hundred thousand savings and discussed with me about retirement to reduce stress and hopefully her biggest fibroid will shrink and her incontinence improves (her work is highly stressful and stress is very bad for fibroid growth).
I advised her if really want to retire, she has to downgrade her housing and lifestyle.
She said difficult for her to change lifestyle.
I said then cannot retire, just go for the hysterectomy and then recover and chiong some more.
Another one, also single, 4-room HDB, recently quit her high paying job at age 60 after a complete knee caps replacement. She shared with me her regrets of not retiring earlier to travel the world (her dream) and now with the new knee caps, her mobility is not as good as in the past. This one has much more than enough to retire comfortably (recurring income of at least $10K per month excl coming CPF life payment). -
MrsKiasu\" post_id=\"1936942\" time=\"1569334996\" user_id=\"43981:
Haha. Er...dunno
that one can tio cancer or not, bro
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lee_yl\" post_id=\"1936948\" time=\"1569336242\" user_id=\"17023:
Not greedy lah. Shrewd.
I like to share a real life inspiring story.Iluvmygals\" post_id=\"1936934\" time=\"1569334373\" user_id=\"26453:
Recently a colleague gave me an idea....if HDB is fully paid....when old...rent out the HDB and then use the rent to find a small 1-2 bedroom condo just for me and wife....like that can still enjoy life without spending too much....then once every few years can change location and move around condos....
I used to know this old lawyer neighbor staying at a condo which went enbloc some years back. During our last chit chat, she causally asked about getting a new HDB flat which she can retire in. So all along, I had the impression she’s gonna retire in a HDB flat with the windfall until one day, another neighbor told me this lady bought another old condo along orchard road, waiting for another enbloc.
You can call this lawyer lady greedy (which is how DH describes her) but her actions really inspire me!! Instead of retiring in a 3 room flat, why not retire in an old apartment with enbloc potential and sit on a goldmine?! -
MyPillow\" post_id=\"1936945\" time=\"1569335490\" user_id=\"70594:
Aiyo....you all must update yourselves. MILF is highly sought after by younger men. In almost every forum. Google MILF if you dunno what it means.....
Btw, not a lot of woman will keep lil fresh meat, woman got better brains in this area la . which stupid young man will truly like a woman who is older n given births to a few de. So no need worry Wife run road de
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lee_yl\" post_id=\"1936948\" time=\"1569336242\" user_id=\"17023:
Er....actually, I live in an en bloc potential apartment. Old generation type. Chose it not bec of en bloc potential. But bec my MIL/FIL lives below me. Same block. My wife grew up here. My PIL helped look after my kids when they were young. My kids get to see their grandparents every day. Very happy. Maciam kampung spirit. Every week run up and down exchange orange, ginger, onion, fish etc. I get to eat my MIL's awesome vinegar pig trotters. My wife gets to see her mom everyday.
You can call this lawyer lady greedy (which is how DH describes her) but her actions really inspire me!! Instead of retiring in a 3 room flat, why not retire in an old apartment with enbloc potential and sit on a goldmine?!
We defeated the en bloc group the last time. Sometimes money not everything. Kinship is. Bonds are. Happiness is. -
hercules\" post_id=\"1936943\" time=\"1569335011\" user_id=\"14947:
Haha, for the sum of $1.5mil how many zeros are there? At least 6 zeros, not enough zeros ah?
My interpretation of the story is more towards to know what one wants in life.lee_yl\" post_id=\"1936918\" time=\"1569331954\" user_id=\"17023:
What’s the moral of the story? I see more than one interpretation. One interpretation - it’s pointless to work hard and scrimp if the end-goal is a simple way of living, so don’t bother to work hard and just enjoy and fritter time away. Which interpretation do you prefer?
I wonder what’s over-pursuit? Is buying anything more than a 4 room flat “over pursuit” ?
The village living is the 3 or 4 room flat while the city living is the ‘higher living’. If my kids can be happy with a village living style, then there is no point in ‘over pursuit’ over a city life at the expense of more working years and most likely also health.
I gave my kids the spreadsheet to plan for at least a 1 mil retirement fund. My girl charted 1.5 mil at age around 45 yo (living a reasonable lifestyle and not really ‘scrimping’), and from there, she most likely could live ‘happily ever after’ to pursue her own interests. However, if she ever changes her mind to want to have a ‘city life’, then she probably has to add another 10 or 15 or 20 years to that 45 yo.
So, my kids have to choose whether want to maintain village living or city living and the level of stress they willing to put themselves through over the x number of years (I certainly hope I have influenced them successfully by now not to chase after extra unnecessary zeros).
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tyeogh\" post_id=\"1936957\" time=\"1569339441\" user_id=\"94399:
I very scared to hear the words 感情 in enbloc potential apartments. Means no possibility liao.
Er....actually, I live in an en bloc potential apartment. Old generation type. Chose it not bec of en bloc potential. But bec my MIL/FIL lives below me. Same block. My wife grew up here. My PIL helped look after my kids when they were young. My kids get to see their grandparents every day. Very happy. Maciam kampung spirit. Every week run up and down exchange orange, ginger, onion, fish etc. I get to eat my MIL's awesome vinegar pig trotters. My wife gets to see her mom everyday.lee_yl\" post_id=\"1936948\" time=\"1569336242\" user_id=\"17023:
You can call this lawyer lady greedy (which is how DH describes her) but her actions really inspire me!! Instead of retiring in a 3 room flat, why not retire in an old apartment with enbloc potential and sit on a goldmine?!
We defeated the en bloc group the last time. Sometimes money not everything. Kinship is. Bonds are. Happiness is.
We are always debating if we should invest in enbloc potential units. Do not want to be throwing money into maintenance. -
Will you all take care of your grandkids or go retired at a fishing village?
My son asked if I can take care of his future kids next time. Lol. He knows I quit my job to take care of them and doesn’t think next time wives will be contented with giving up their careers and staying home for the kids.
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