How much are you earning per annum? - Page 1023 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

Reply
 
Thread Tools
  #10221 (permalink)  
Old 28-06-2016, 08:08 AM
Unregistered
Guest
 
Posts: n/a
Default

You really missed the point dude. Posters here are aiming for a higher standard of living in retirement.

Cannot imagine that after working hard for 30 - 35 years, you would want to cut back everything and live like a hermit upon retirement? Retirement is a time to take back your life and live! Do the things you want to do, travel to places and experience other cultures and pamper yourself.

When planning for retirement, always plan for more. For eg., if you think you would only require $84k pa ($7k pm) in retirement, aim for $100k pa ($8.5k pm).

In this way, you will build up a comfortable buffer. This will also prevent you from making a mistake in retiring prematurely.

Plan the retirement savings to last 30 years (or up to 90 yo).

It is better to continue working now as long as you can, than having to re-enter the job market at 60 when you find that your money runs out!

So in summary, aim high in retirement planning, give yourself buffer. Aim low and you risk falling short and without buffer.

Quote:
Originally Posted by Unregistered View Post
Many people here talks about retirement. How much do you really need for retirement? It all depends on your retirement lifestyle. So, what's the typical average Singaporean retired couple's profile and how much do they need? Let's explore.

A typical, average heartlander retired Singaporean couple would be staying in a 4 room HDB flat which they bought cheap, direct from HDB many years ago and would be paid off fully by the time they retire (no more mortgage). They would most likely not own a car (a car is a luxury and not a necessity, especially for a retired couple) and do not employ a maid. They would do their own housework, which is not much for just two persons. They also cook their own meals or buy food from hawker centres.

How much are their expenses (TWO PERSONS ONLY)?

Groceries, hawker food, utilities - $1000 pm
Public transport (discount with PG card) - $100 pm
Medical - $200 pm
Medical insurance premium - $400 pm
Entertainment - $100 pm
Holiday travel (pro rated) - $200 pm
Total - $2000 pm

So, if they can earn a passive income of $2500 pm or $30,000 pa, they can retire before 65. If they don't have this passive income, they will have to retire at 65.

At 65, if they choose the Enhanced CPF Life, they will get $3,600 pm or $43,200 pa.

Reply With Quote
  #10222 (permalink)  
Old 28-06-2016, 10:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You really missed the point dude. Posters here are aiming for a higher standard of living in retirement.

Cannot imagine that after working hard for 30 - 35 years, you would want to cut back everything and live like a hermit upon retirement? Retirement is a time to take back your life and live! Do the things you want to do, travel to places and experience other cultures and pamper yourself.

When planning for retirement, always plan for more. For eg., if you think you would only require $84k pa ($7k pm) in retirement, aim for $100k pa ($8.5k pm).

In this way, you will build up a comfortable buffer. This will also prevent you from making a mistake in retiring prematurely.

Plan the retirement savings to last 30 years (or up to 90 yo).

It is better to continue working now as long as you can, than having to re-enter the job market at 60 when you find that your money runs out!

So in summary, aim high in retirement planning, give yourself buffer. Aim low and you risk falling short and without buffer.
Continue working as long as you can? Nope. You should aim to earn high income fast and quit early and retire comfortably. Definitely not working as long as you can. You got the "take back your life and live" part right though. Just don't wait till 55 to 65 to take back your life. Aim to take it back before 55.

Reply With Quote
  #10223 (permalink)  
Old 28-06-2016, 11:41 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Continue working as long as you can? Nope. You should aim to earn high income fast and quit early and retire comfortably. Definitely not working as long as you can. You got the "take back your life and live" part right though. Just don't wait till 55 to 65 to take back your life. Aim to take it back before 55.
High flyers retire early by age 50. They earn a lot and make enough passive income to retire well. Those ordinary workers have to work in their 50s and 60s.

Reply With Quote
  #10224 (permalink)  
Old 28-06-2016, 01:29 PM
Unregistered
Guest
 
Posts: n/a
Default

$100,000 monthly. Lawyer. I may be a Singaporean but I don't think and behave like one. That's the secret of my success.
Reply With Quote
  #10225 (permalink)  
Old 28-06-2016, 03:50 PM
Unregistered
Guest
 
Posts: n/a
Default

This behaviour doesnt match those high flyers that we know. They are still very much in their jobs in their late 50s and even late 60s holding senior positions.


Quote:
Originally Posted by Unregistered View Post
High flyers retire early by age 50. They earn a lot and make enough passive income to retire well. Those ordinary workers have to work in their 50s and 60s.
Reply With Quote
  #10226 (permalink)  
Old 28-06-2016, 04:12 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
This behaviour doesnt match those high flyers that we know. They are still very much in their jobs in their late 50s and even late 60s holding senior positions.
Greed and lust.
Reply With Quote

  #10227 (permalink)  
Old 28-06-2016, 07:29 PM
Unregistered
Guest
 
Posts: n/a
Default

I laugh every time I read these foolish comments. What's wrong with working until 60 or even 65? The wise are happy to contribute back to society and nurture the younger generation. Some people like me enjoy every day at work.

I think these comments about retiring early at 40 or 50 are coming from middle-class folks stuck with average income in jobs they hate, and they spend their time online dreaming about retiring early cos they can't in real life.

To them, retiring is their end-goal. How sad and myopic. A life where they study, work and retire is without meaning. Perhaps they will come here to post about their "fantastic" retirement life eating at hawker centres and living in Johor while earning rent from their HDB?
Reply With Quote
  #10228 (permalink)  
Old 28-06-2016, 08:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Stop being arrogant. Your comments show you cannot appreciate others' perspectives and points of view. Why must everyone agree with you? You are very bossy and arrogant. Has anyone ever told you in real life that you are very arrogant? Btw, there's nothing wrong about living in Johor. Many Singaporean families are already doing so. They live in Johor and commute to Singapore everyday. Please don't look down on them. Stop being arrogant.


Quote:
Originally Posted by Unregistered View Post
I laugh every time I read these foolish comments. What's wrong with working until 60 or even 65? The wise are happy to contribute back to society and nurture the younger generation. Some people like me enjoy every day at work.

I think these comments about retiring early at 40 or 50 are coming from middle-class folks stuck with average income in jobs they hate, and they spend their time online dreaming about retiring early cos they can't in real life.

To them, retiring is their end-goal. How sad and myopic. A life where they study, work and retire is without meaning. Perhaps they will come here to post about their "fantastic" retirement life eating at hawker centres and living in Johor while earning rent from their HDB?
Reply With Quote
  #10229 (permalink)  
Old 28-06-2016, 10:09 PM
Unregistered
Guest
 
Posts: n/a
Default

You know who is really looking down on people? The guy who always said that he was a high flyer, earned a lot, but cannot handle the stress and retired early. He sneered at ordinary people who cannot afford to retire and have to work even in their 60s.

Now that's an arrogant fool and one day at 60 or 65, he will back looking for a job.

Quote:
Originally Posted by Unregistered View Post
Stop being arrogant. Your comments show you cannot appreciate others' perspectives and points of view. Why must everyone agree with you? You are very bossy and arrogant. Has anyone ever told you in real life that you are very arrogant? Btw, there's nothing wrong about living in Johor. Many Singaporean families are already doing so. They live in Johor and commute to Singapore everyday. Please don't look down on them. Stop being arrogant.
Reply With Quote
  #10230 (permalink)  
Old 28-06-2016, 10:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You know who is really looking down on people? The guy who always said that he was a high flyer, earned a lot, but cannot handle the stress and retired early. He sneered at ordinary people who cannot afford to retire and have to work even in their 60s.

Now that's an arrogant fool and one day at 60 or 65, he will back looking for a job.
There you go again, arrogant fool. Looking down on the young high flyer who you're so jealous of. He said he made millions, more than you. I don't think he will ever need a job until he dies. What about you, arrogant fool?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 25 23-04-2021 10:40 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
16,762 Replies, 13,704,036 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,172 Replies, 6,331,800 Views
Lawyer Salary ( 1 2 3... Last Page)
21,877 Replies, 11,616,184 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,466 Replies, 5,286,292 Views
How is life as a doctor in... ( 1 2 3... Last Page)
8,988 Replies, 4,011,165 Views
Engineer Pay ( 1 2 3... Last Page)
674 Replies, 516,724 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
193 Replies, 349,621 Views
GovTech ( 1 2 3... Last Page)
6,988 Replies, 2,981,475 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
1,090 Replies, 660,633 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,538 Replies, 5,250,197 Views
How much are you earning per annum? ( 1 2 3... Last Page)
14,489 Replies, 7,051,854 Views
Civil Service Pay - Director level ( 1 2 3... Last Page)
172 Replies, 412,069 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,512 Replies, 2,855,941 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,315 Replies, 643,565 Views
Career as Teacher ( 1 2 3... Last Page)
12,276 Replies, 7,850,725 Views
Civil Servant Year-End Bonus ( 1 2 3... Last Page)
217 Replies, 133,315 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
450 Replies, 585,822 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,079 Replies, 607,534 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,084 Replies, 4,352,261 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,560 Replies, 1,327,074 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,190 Replies, 717,699 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,087 Replies, 597,690 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,272 Replies, 790,882 Views
ST Electronics ( 1 2 3... Last Page)
4,093 Replies, 1,871,183 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,651 Replies, 1,377,690 Views
Early Retirement ( 1 2 3)
27 Replies, 23,125 Views
OKX SuperNova Graduate Program ( 1 2 3... Last Page)
305 Replies, 162,075 Views
Certis Cisco ( 1 2 3... Last Page)
85 Replies, 127,775 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,648 Replies, 904,736 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,792 Replies, 1,657,979 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:03 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2