Quote:
Originally Posted by Unregistered
Why you worry so much? Your income is so high compared to many Singaporean households. Don't compare with the many show offs in this forum. You can follow the advice of one smart forumer here who plans to retire in KL to join his relatives and friends. He plan to rent out his flat and get the CPF Life payout as passive income for retirement. You don't need millions to retire well. Just a paid up HDB flat and a CPF Life will do. Only fools don't see this. |
Certainly one can retire and lives with the lifestyle he chooses.
If he can afford to spend a million a year, he lives like a king. He can have driver, ADC, PA, gardener, domestic helpers etc. He can do a lot of welfare and charity work slightly less than Bill Gate. People will address him as 'that gentleman so and so'.
If he can afford 100k a year, he can have oversea vacation with his wife once a year. He can has fine dinning on special occasion. Spend moderately on CNY and Christmas.
If he can only afford 12k a year, people will address him as 'that poor old man', should gahmen help him to find him a shelter.
So the lifestyle you choose definitely depends on how much you have saved, and how much passive income so derived from your nest eggs when you retire.