Originally Posted by Unregistered

It is correct money is not everything, not just for retirees but for everyone.

The question is how much money is enough.

In a high cost society like Singapore, that amount, that magic number can be quit high.

I was just reading a 65 yo retiree's plight about not having enough money and seeking to go back to work. He said he got $500 pm payout from his minimum sum and that is going to dry up in 9 years. The $500 pm is severely inadequate for him and his wife. He estimated he would need at least $2000 pm. To supplement the $500 pm, his wife had to go out to work.

So it is important to get the basics right. Many times, things are sweeter knowing you have a safety net. If you don't have enough money, you will constantly worry about it, and not able to devote time and love to your spouse. Worse, both of you will end up quarreling all the time - about the lack of money.