You don't get it do you?
The wealthy and hardworking folks just don't want to be called upon to help those laid back and lazy people who chose early retirement over hard work, and only to find out much later in their retirement that their funds have run out!
The wealthy and hardworking folks know all too well that the best way to help these laid back and lazy people is to tell them now the danger of retiring prematurely without proper financial planning and preparation.
The government recognizes this too! First it was just
CPF. Then they created
CPF retirement account to hold some money back from people who reached 55. This was because they saw many retirees squandering their
CPF monies very quickly. Now they created yet another safety net - the
CPF annuity life to further regulate the payout which starts only at age 65.
The danger is very real yet people are seemingly unaware of this danger.
Anyway, it is their life.
Quote:
Originally Posted by Unregistered
Common on guys. Let's not quarrel like a bunch of old ladies.
Retirement is all about choice. Noone is right or wrong. Some prefer to retire like a king while others prefer to retire simply. To each his own. We don't need to impose your idea of retirement on others.
If you want to maintain your current lifestyle in retirement, you can do so and just need to work longer to 70 or 75 years old.
If you want to retire early at 50 or 55, and willing to downgrade to public housing, just do it since you value your free time more. Or if you have other pursuits in life.
At the end of the day, be happy with your choice. Don't need to quarrel.
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