Quote:
Originally Posted by Unregistered
Its between 150- 200k TC per couple! This is the general range of a couple in the early 30s who are both teachers. Why are you only assuming a single income household, when the OP was about a teacher couple.
Not enough retirement income? Lol, please do the maths when it comes to just cpf savings please. And then add on the savings from take home income. That's more than enough to cover the needs of retirement. It's just that people are just dooming instead of admitting that they're bad with money. |
I think previous commenter was talking about the fact that they have to support their own parents as well. Eldercare is not cheap if parents have specific needs that a regular helper cannot fully meet. And if they have no siblings to split the financial load with, it's no joke. Their spouse may have their own responsibilities to their own parents.
All this is even before they have to manage their own children, if any.