How much is enough for retirement in Singapore?

[sharonkhoo]

Zeal mummy\" post_id=\"2059495\" time=\"1645503788\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2059495 time=1645503788 user_id=58173]
I imagine when I’m in my 70s, I’ll have a few close friends and cute little grandkids to play with.. that will be meaningful retirement for me.[/quote]

My grandmother's experience: first her husband died, then her remaining friends died, and she was the last one left in her generation. Her grandkids grew up, and she forgot who they were (because of dementia). She had several great-grandkids by the time she died, but she never knew that they were hers.

[sushi88]

slmkhoo\" post_id=\"2059519\" time=\"1645507658\" user_id=\"28674:

My grandmother's experience: first her husband died, then her remaining friends died, and she was the last one left in her generation. Her grandkids grew up, and she forgot who they were (because of dementia). She had several great-grandkids by the time she died, but she never knew that they were hers.

Start playing Sudoku or Mahjong today! Dementia is terrible, I see it in my mum.
MRI shows her brain is shrinking so she is slowly forgetting us.

[doodbug]

Let me guess...think slmkhoo will take better to Wordle or Quordle! Lol These are great to keep dementia at bay too.

[Estéema]

sushi88\" post_id=\"2059522\" time=\"1645508010\" user_id=\"100857:

Start playing Sudoku or Mahjong today! Dementia is terrible, I see it in my mum.
MRI shows her brain is shrinking so she is slowly forgetting us.

I do Sudoku daily!

I was a victim to my mum’s dementia for some years, as the only caregiver to her but being accused of abandonment or abuse when I was a young in corporate life that I had to give up my job to care for her 24/7 for awhile fr balancing the stress workfront & homefront. One time, she went out returning home only 3 days later brot home by the men in blue! All those days I was worried sick where to find her. 😥

[starlight1968sg]

Dementia is getting more common in the elderies. I let my 80+ years old do worksheets meant for kids

These worksheets include simple math sums, join the dots, trace the lines, number pattern, colouring, word search etc.
I am unsure if he has dementia. As he grows older, he behaves like a kid. At times, he would enjoy doing worksheets. Other times, he would do less. I told him to do a few pages per day to keep his mind alert.

Back to retirement, nobody knows if dementia or even cancer would strike when old. This is the period we need money the most bec all the existing medical benefits from office are gone when retired.

[lee_yl]

Estéema\" post_id=\"2059518\" time=\"1645507341\" user_id=\"66413:

I’ve learnt fr my SIL, with almost entire family of doctors (pediatricians, obstetrician, dentist & ophthalmologist) just won’t buy any ‘high’ plans as they will plan their parents’ hospitalization needs according to admission needs. When their father was struggling with lung cancers & getting in/out hospitals in his late years, they’ll check him into C/B wards. But when there’s a need for any other non-longterm stays, they’ll admit any family members into B/A wards.

Understandably, I rmbr the many visits to comfort & cheer elderly uncle & aunty and can’t imagine if long term stay on high costs of daily charges of A wards and the respective higher consultation charges load on the family. That was the era when the elderlies hv no health insurance.

I cover myself & family health insurance (with PA for kids when young), but realized that many of the old plans with riders are term policies. Today, most health policies, even those with riders, “do not pay in full” as there’s a co-payment element besides the deductible. So, this drives us to select our ward class & consultants carefully.

Both DH & I just did our LPA with our family doc to authorize each other access to our properties, funds and manage our healthcare decisions. When MIL heard that, she wanted us to help her get her LPA done ASAP. I’ve alr given instructions if I’m seriously ill, just let me recover or go without struggle for long term life support. My hope & treasures are not earthly, as I look fwd to an everlasting life in heaven with my loved ones.

Did I see wrongly? If the children are all successful doctors and had plans to put their parents in ward C, I dare not imagine which ward my children will put me in. Lol.

I stayed in ward C before and didn’t like the experience. When I was 18yo, my grandmother fell in a public toilet, broke her hip, sent to A&E for operation. I cried and begged my aunties/uncles to place grandma in at least ward B2, and I offered to pay using my savings. Luckily my aunties/uncles agreed to put her in ward B. Of cos they didn’t charge me the bills.

I don’t think my hospital plan is expensive. If I want to stay in ward A, I foot my own bills. I don’t intend to make my kids pay my hospital bills. And of cos, if my children drive big continental cars yet put me in ward C, I will be kind of upset. If I need to depend on my kids to foot my hostipal bills, then of cos I have no right to ask for better wards but to keep quiet!!

[MrsKiasu]

I always associate long life is a good thing. We never talk abt this as family. I just guess we would try our best to save each other and give each other better condition.


I just imagine if I were to say these likely they will say no…but let’s be practical, now everything is so expensive maybe we should shift our thinking too for the benefits of those left behind.

[MrsKiasu]

Actually I also agree with leeyl…when all the children are successful…if me, I won’t give up so easily…unless say after long time, hope is dim then no choice…maybe shift to personal nurse/helper or those places that could care better than hospital lower grade ward?

[starlight1968sg]

Estéema\" post_id=\"2059518\" time=\"1645507341\" user_id=\"66413:

I’ve learnt fr my SIL, with almost entire family of doctors (pediatricians, obstetrician, dentist & ophthalmologist) just won’t buy any ‘high’ plans as they will plan their parents’ hospitalization needs according to admission needs. When their father was struggling with lung cancers & getting in/out hospitals in his late years, they’ll check him into C/B wards. But when there’s a need for any other non-longterm stays, they’ll admit any family members into B/A wards.

Understandably, I rmbr the many visits to comfort & cheer elderly uncle & aunty and can’t imagine if long term stay on high costs of daily charges of A wards and the respective higher consultation charges load on the family. That was the era when the elderlies hv no health insurance.

I cover myself & family health insurance (with PA for kids when young), but realized that many of the old plans with riders are term policies. Today, most health policies, even those with riders, “do not pay in full” as there’s a co-payment element besides the deductible. So, this drives us to select our ward class & consultants carefully.

Both DH & I just did our LPA with our family doc to authorize each other access to our properties, funds and manage our healthcare decisions. When MIL heard that, she wanted us to help her get her LPA done ASAP. I’ve alr given instructions if I’m seriously ill, just let me recover or go without struggle for long term life support. My hope & treasures are not earthly, as I look fwd to an everlasting life in heaven with my loved ones.

Esteema
Same for me. I have the \"as charged\" H&S which covers private hospitals' stay. If I were to stay long in a hospital, I would choose Ward B or C in a govt/restructured hospital too. This brings me the qn whether to downgrade my Shield plan to reduce my annual premium as am paying cash yearly since there is a cap on the portion payable using Medisave.

I helped my dad did his LPA. I have yet to do my LPA due to laziness to look for a doc to witness etc.

[MrsKiasu]

As for dementia, I foresee myself working or at least ksp ing in my 60s. So far no dementia history in family but I m a forgetful person so there may be risk.