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How much are you earning per annum?

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  #12211 (permalink)  
Old 19-04-2021, 03:11 PM
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27yo, 120k base, doing finance
What industry are you doing this finance role for?

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  #12212 (permalink)  
Old 21-04-2021, 02:36 PM
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We will be 55 soon and plan to retire. When we reach 55, we will go for the Enhanced Retirement Sum option of the CPF Life. This gives us about $2.1k pm from age 65 onwards. So our passive income will be $4.2k pm or $50k pa. This is a lot for a retired couple as we plan to cook our meals and will travel by public transportation.

Between age 55 to 65, we will need about $5k pm or $60k pa. In total $600k over 10 years. We can get this amount of cash by selling our $1 mil condo and then buying a 3 room HDB flat for $300k paid in full cash. Living in a 3 room HDB flat has many advantages as we get to enjoy utilities rebate which we donít enjoy now as we are living in a condo.

Life is short.
This is an awesome plan! Youíre a million couple. 55 years old is a bit late to retire but itís better late than never!



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  #12213 (permalink)  
Old 23-04-2021, 08:25 AM
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I am in my fifties. I am motivated to retire before I reach 65 yo. How much savings do we need to retire before 65? Any advice? Thanks



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  #12214 (permalink)  
Old 23-04-2021, 10:51 AM
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Fresh grad 8k/month
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  #12215 (permalink)  
Old 23-04-2021, 10:58 AM
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Fresh grad 8k/month
Wow! What are you working as?


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  #12216 (permalink)  
Old 23-04-2021, 06:25 PM
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Wow! What are you working as?
Software engineer at FAANG

But these jobs are the outliers. Avg C/S grad probably take in 4-6k/month.

I know some of my friends even higher pay than me + sign on bonus + vested stocks + AWS, can go past 100k as a fresh grad
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  #12217 (permalink)  
Old 23-04-2021, 06:26 PM
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Banking degree at SIM UOL.

Currently working as Grab driver for $5 per hour. Am trying to break into the banking industry (have a conditional offer for PA to a graduate associate at a local bank).
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  #12218 (permalink)  
Old 23-04-2021, 06:59 PM
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Software engineer at FAANG

But these jobs are the outliers. Avg C/S grad probably take in 4-6k/month.

I know some of my friends even higher pay than me + sign on bonus + vested stocks + AWS, can go past 100k as a fresh grad
Is 8k your base or including RSUs? Was under the impression that faang would pay higher than that actually.
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  #12219 (permalink)  
Old 23-04-2021, 08:18 PM
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Is 8k your base or including RSUs? Was under the impression that faang would pay higher than that actually.
8k is base. I was not offered RSU right off the bat. Will probably have to 'prove' myself in the first performance appraisal within a year to be able to negotiate for RSU. Or wait till promotion

I do get additional AWS of 1 month for every 12months of staying in coy. Bonus is 20% of yearly salary and but can be lower or higher from appraisal
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  #12220 (permalink)  
Old 23-04-2021, 09:23 PM
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8k is base. I was not offered RSU right off the bat. Will probably have to 'prove' myself in the first performance appraisal within a year to be able to negotiate for RSU. Or wait till promotion

I do get additional AWS of 1 month for every 12months of staying in coy. Bonus is 20% of yearly salary and but can be lower or higher from appraisal
Interesting...never knew faang extended offers without RSU. Did you try to negotiate?
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