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  #9999 (permalink)  
Old 23-05-2016, 12:57 AM
Posts: n/a

When we have a job, we looked forward to retirement. When we are jobless, we would give anything to have a job.

Having a job is a privilege. Having a good job is a blessing.

Whichever it is, we should treasure it. It means we have skills that people are willing to pay for. It also means we are healthy enough to do the work.

As in any privileges, think carefully before giving it up, especially one that allowed you to feed and bring up a family.

I have a good job, so it is a real blessing. While we have more than enough to retire, I chose to continue working till the official retirement age.

Having enough to retire should allow you to choose the workload to take on, to have better work life balance. You could, for example, work half time (eg Monday to Wednesday) and use the other days to pursue your other interest. Actually, my wife is already doing that. For me it is a little difficult because of the savings we will forgo.

But if your work is really unbearable, you can take on another less stressful one with lower pay since you have enough saved up for retirement.

Originally Posted by Unregistered View Post
My spouse and I can retire in about 5 years time when we reach 55.

We estimate that we will have a passive income of $60k pa at 55. Our 3 bedroom modern luxury condo is paid up. We don't intend to own a car (our condo is near an MRT station and near shopping facilities) nor employ a helper (not much house work for two persons). Our children are likely to be married and living in their own hdb flats by then.

Given that we will not have any liabilities by then, our expenses will be the most $4k pm as we just need to spend on food, utilities, medical and some short travels. We have comprehensive medical insurance. We also don't drink, don't smoke, don't gamble and don't party. But occasionally we do spend on good food at restaurants.

We plan to do charity work, reading, exercising in the condo gym and engage in our hobbies when we retire.

We look forward to a good retirement after working so hard in school and at work for so many years. It will be time for us to relax, take care of our health and give back to society. Life is short so we must treasure our time.
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