Originally Posted by Mr Middle

Hellooo, where have you been? Our Gahmen have been telling us to work as long as we can. This is because they are seeing more and more people outliving their savings. Your minimum sum is not going to give you a dignified standard of living, not even 3 square meals a day. It is dangerous to stick your head in the sand. Why no beggars in Singapore you asked. This is because they are all rounded by the Gahmen and sent to homes for the destitue. Dont you know that begging in Singapore is a crime?

Preparing for your future and retirement is a serious matter especially in high cost Singapore. I have neighbours who have downgraded from landed properties to HDB to cash out (~ $1M) some years ago only to realise now that their S$1M cash is not going to last very long. They keep cutting back their already simple lifestyle, and now they constantly worry about falling sick and the medical bills.

Ignore all this at your own peril