S'pore may raise retirement age to 68

[3Boys]

Its not really about the retirement age is it?


Its about the CPF withdrawal age right?

I.e. for those who can afford to stop working early, they will stop working early, even if the retirement age is 70+. I've heard of someone age 38 who has accumulated enough wealth and is now golfing around the world.

For someone who is interested in working, he will keep on working, whatever the retirement age. MM Lee being case in point, but there are others.

For those who cannot afford to stop working, then even if the retirement age were 55, they would still work on well beyond that.

So why this hang up about a number? Whether you stop or continue working quite often is down to yourself and very little to do with what a g'ment or any other agency says about it.

So its all about the CPF withdrawal.

There are those for whom CPF will be an insignificant part of their retirement funds. For them, whatever age they withdraw their CPF is inconsequential

There are those whose CPF will form a meaningful but not overwhelming part of their retirement fund. For this group, raising the retirement age poses an interesting conundrum of trading retirement lifestyle for added security, and in my view, it is this group that need to talk through the pros and cons of raising the retirement age. However, one could also argue that if you had done your sums right, you could still stop work at 65, live off your initial savings, and then access CPF at 68. So its not all dire.

There are those for whom CPF will be a large or only chunk of retirement funds. For these folk, there is no question that they need the most prudent policy possible. If they are desperate for cash at 65, how will they be at 75? And at that age it will be even harder to have any kind of income and harder to deal with poverty.

[dunnoleh]

verykiasu2010:

... In my previous work place, there are some who worked till 70+ and the record was age 87

you an ex staff of PMO?

[verykiasu2010]

dunnoleh:

verykiasu2010:

... In my previous work place, there are some who worked till 70+ and the record was age 87

you an ex staff of PMO?

hahaha, you are quite a joker!!

[Funz]

3Boys:

Its not really about the retirement age is it?


Its about the CPF withdrawal age right?

I.e. for those who can afford to stop working early, they will stop working early, even if the retirement age is 70+. I've heard of someone age 38 who has accumulated enough wealth and is now golfing around the world.

For someone who is interested in working, he will keep on working, whatever the retirement age. MM Lee being case in point, but there are others.

For those who cannot afford to stop working, then even if the retirement age were 55, they would still work on well beyond that.

So why this hang up about a number? Whether you stop or continue working quite often is down to yourself and very little to do with what a g'ment or any other agency says about it.

So its all about the CPF withdrawal.

There are those for whom CPF will be an insignificant part of their retirement funds. For them, whatever age they withdraw their CPF is inconsequential

There are those whose CPF will form a meaningful but not overwhelming part of their retirement fund. For this group, raising the retirement age poses an interesting conundrum of trading retirement lifestyle for added security, and in my view, it is this group that need to talk through the pros and cons of raising the retirement age. However, one could also argue that if you had done your sums right, you could still stop work at 65, live off your initial savings, and then access CPF at 68. So its not all dire.

There are those for whom CPF will be a large or only chunk of retirement funds. For these folk, there is no question that they need the most prudent policy possible. If they are desperate for cash at 65, how will they be at 75? And at that age it will be even harder to have any kind of income and harder to deal with poverty.

I do so agree with you. Like I said earlier on, why the hang up about the age, it is just a number.

With the raising of the retirement age, I believe it will help those who do not have enough in their CPF to see them through their old age.

[Funz]

[quote="verykiasu2010]

In my previous work place, there are some who worked till 70+ and the record was age 87[/quote]

My 2 oldest employees were 77 and 72 when they finally retired, well, sort of, cos within a year, both of them came to me asking if I have any opportunities for them and I found them placements elsewhere as I have no vacancies for them.

[Trapwithin]

verykiasu2010:

dunnoleh:

[quote=\"verykiasu2010\"]... In my previous work place, there are some who worked till 70+ and the record was age 87

you an ex staff of PMO?

hahaha, you are quite a joker!![/quote]A good Joke indeed

[INNOVATE]

dunnoleh


Small-cap stock-Actionasia Ltd

Co had released its 3rd qtr result after market closed today.
Summary: turnover for 1st 9-mth period $290M more than FY2009 $267M
nett profit $18.185M vs 2009 $12.553M +44.87%
dividends 0.5ct payable on 1st Dec this yr.

Plus the dividends of 1ct paid this yr,the yield is 7.5%-clearly
one of the highest in SGX.

As mentioned earlier, the main concern is a large chunk of profit is derived from a single major mnc, though the co is making progress in diversifying its customer base. Exchange rate loss due to the falling US$ was $1.09M, better than expected. Co has cautiously given a positive outlook notwithstanding economic uncertainities.

In conclusion, co is worth investing at price of $0.2 or lower if you are prepared to hold for at least 6 mths. I am holding on to my existing position at least till full yr result.