How much is enough for retirement in Singapore?
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Estéema\" post_id=\"1937180\" time=\"1569407003\" user_id=\"66413:
Maybe you married the better 50%. I never say they didnt take care of their children and wives. I say they take care of other women too. Esp those that go business trips. Not a nice topic. Maybe just ignore what I say.
No lah. Pls don’t run down men or generalize leh. Some are very responsible & dutiful both to parents and to kids. DH ensure our family members & extended family each gets health insurance cover. In the early days, my mum didn’t hv this so my Medisave was quite depleted till I was posted on a senior position years later when she left. DH feels by having ms manage homefront, kids get good home care & he didn’t need to worry abt his parents as I ensure all his siblings are updated on their parents’ needs. -
I must say ladies are more daring & expressive than the past generations of womenfolk. But hah, think also female are more assertive and men still hold the alpha complex and hv not caught on the co-sharing in partnership in a relationship nor co-parenting duties. To be fair, I know some womenfolk wants their cake & eat it too or for keeps. Don’t bash yourself up lah.
This generation seems like divorce is so easy to utter, but it affects both sides (worst if kids are in the equation) if they care to admit as afterthots. It’s good that our society institute some form of cooling period & divorcing parties can retract after careful considerations. -
MrsKiasu\" post_id=\"1937177\" time=\"1569406550\" user_id=\"43981:
Cloud Cloud\" post_id=\"1937172\" time=\"1569405116\" user_id=\"160688:[quote=\"Cloud Cloud\" post_id=1937172 time=1569405116 user_id=160688]
at 28yo, AFTER you paid off those things..not bad already la.I had my first child at 28 years old. Means more spendings. -
Estéema\" post_id=\"1937183\" time=\"1569410240\" user_id=\"66413:
Dun say I anyhow say. I just switch from chatting here to chatting there. Guess what I saw. Haha.
I must say ladies are more daring & expressive than the past generations of womenfolk. But hah, think also female are more assertive and men still hold the alpha complex and hv not caught on the co-sharing in partnership in a relationship nor co-parenting duties. To be fair, I know some womenfolk wants their cake & eat it too or for keeps. Don’t bash yourself up lah.
This generation seems like divorce is so easy to utter, but it affects both sides (worst if kids are in the equation) of they care to admit as afterthots. It’s good that our society institute some form of cooling period & divorcing parties can retract after careful considerations.
https://drive.google.com/file/d/1hQjEPMO87ePFvatmNmzR7gnqT7y7r0YZ/view?usp=drivesdk
Apologies for being OT. Pls do not repost this. -
That’s very sad…
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That’s 1 of the reasons why our Govt has to ‘help’ us keep our CPF till we are 65 🤪 and not let these men splurge on their immoral activities.
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Most men I know have extra-marital affairs. The wives are either in denial or don’t know or they accept it.
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starlight1968sg\" post_id=\"1937074\" time=\"1569386424\" user_id=\"14025:
A general rule of thumb at your stage of life:
Hercules
The challenge is when to know or realise that \"enough is enough\".
1. Set aside a sum of about $50,000 - $100,000 as FD or govt bond for your emergency medical needs.
2. Know your monthly expenses / budget well to have a decent living.
3. See whether you can hit the below (4% pa rule). For greater sense of security, maybe you add another 10 - 20% as spare cash. *I didnt take CPF Life into consideration and so if you want to incl it, have to open spreadsheet to see the fuller picture.
Monthly Income / Retirement Sum
1,000.00 / 300,000.00
1,500.00 / 450,000.00
2,000.00 / 600,000.00
2,500.00 / 750,000.00
3,000.00 / 900,000.00
4,000.00 / 1,200,000.00
5,000.00 / 1,500,000.00
Bulk of my savings are currently in different types of annuity that suits my needs (so that I don't bother with economy good or bad and even if I turn senile and risk being 'conned', the sum of money will continue to flow in monthly). Can explore annuity (never mind about agent making the commission as I think this is suitable for the ultra careful you).
Small parts are in REITs and bank stocks (for dividends) + corporate bonds. You don't really have time to explore unit trusts and so may skip this instrument (my kids do buy UT). I think REITs and maybe bond ETF are more suitable for you.
When you are free, you go library to borrow some personal finance books. You may start with those 'textbook' kind as it offer step by step for you to see the fundamental of financial planning. Read at least 10 books to have a basic grasp. Read enough to feel more assured (basically content is more or less repetitive) instead of maybe keep wondering about uncertainties.
Don't trust people who try to sell you snake oils (such as expensive investment courses that look 'free') but then you also cannot be afraid of investing.
Knowledge is always power.
PS: Everyone has different patterns of money needs and so above is just very general kind of planning. -
lee_yl\" post_id=\"1937125\" time=\"1569393683\" user_id=\"17023:
200k seeding funds? Lucky girl! :rahrah:
Standard would be shares, unit trusts... And inheritance?? I read that Hercules’ daughter received $200K seeding funds from grandparents’ inheritance. So good leh.MyPillow\" post_id=\"1937077\" time=\"1569386799\" user_id=\"70594:
Hercules, since u are not into property ..
can share light on what types of investment products that u had aimed many yrs ago that can make $10k passive income now ? -
Estéema\" post_id=\"1937183\" time=\"1569410240\" user_id=\"66413:
I think the long hours and stress at work bring people together. 日久生情 celebrating wins together, experiencing the adrenlin rush of success, consoling each other in bad moments, growing together professionally, etc.
I must say ladies are more daring & expressive than the past generations of womenfolk. But hah, think also female are more assertive and men still hold the alpha complex and hv not caught on the co-sharing in partnership in a relationship nor co-parenting duties. To be fair, I know some womenfolk wants their cake & eat it too or for keeps. Don’t bash yourself up lah.
This generation seems like divorce is so easy to utter, but it affects both sides (worst if kids are in the equation) if they care to admit as afterthots. It’s good that our society institute some form of cooling period & divorcing parties can retract after careful considerations.
Not all spouses are supportive. Not every home environment is conducive to someone who has a bad day.
Some people will rather not go home if it means a second shift of doing housework or supervising kids. It's more enjoyable socialising outside. 我逗你开心 你逗我开心
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