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  #3454 (permalink)  
Old 09-01-2014, 05:31 PM
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Originally Posted by Unregistered View Post
Strange that so many people are thinking of leaving Singapore upon retirement. Is Singapore really an expensive place to live for retirees?

How much does a meal cost? $4 (coffeeshop) to $40 (good meal in a restaurant)
How much does public transport cost?
How much does recreational activities cost? Movies ($10), swimming ($2), library and shopping (free)?
How much money do you really need to lead a fulfilling life upon retirement?
It is not strange at all. Singapore is a good place to earn money and enjoy life WHILE YOU ARE WORKING. However, once you are retired and there is no active income and you depend passive income and savings for your retirement expenses, then it makes sense. Many in the west will retire somewhere cheaper within their big country when they retire. For us, it will be in our neighbouring countries.
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