Quote:
Originally Posted by Unregistered
There are different types of top management.
If you're in top management in the financial sector, you can retire very comfortable, living in a paid up landed property or paid up luxury condo and still owning a paid up nice car, in your 40s. Your passive income in retirement can even be higher than the salary of those in top management of the manufacturing and engineering sectors.
If you're in top management in the manufacturing or engineering sectors, you will need to work longer and can only retire in your late 50s. You will not be retiring in a landed property and can only afford to retire in a cheap $2m condo. Your annual salary package can be less than the passive income of those retired top management in the financial sector.
This is the reality.
|
Don't be silly. A real top management in a manufacturing mutli-national is paid easily US$1mil+ a year. What cheap $2m condo retire in late 50s are you talking about? At Executive level, financial sector is one of the lowest paid now due in part to extremely strict regulations globally after GFC.