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How much are you earning per annum?

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  #12751 (permalink)  
Old 07-10-2021, 09:47 AM
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How much does a retired couple need assuming they are debt free?

Some people say $2000 pm is enough for them

Some people say need $2 mil in cash

If you look around at coffee shops the retired uncles donít seem to need much. They sit at the coffee shops drinking coffee and eat lunch. The most they spend maybe $10 per day so $300 pm is enough as long as they donít gamble.

So $2000 pm for a retired couple is more than enough if they are frugal.

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  #12752 (permalink)  
Old 07-10-2021, 10:03 AM
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Originally Posted by Unregistered View Post
How much does a retired couple need assuming they are debt free?

Some people say $2000 pm is enough for them

Some people say need $2 mil in cash

If you look around at coffee shops the retired uncles donít seem to need much. They sit at the coffee shops drinking coffee and eat lunch. The most they spend maybe $10 per day so $300 pm is enough as long as they donít gamble.

So $2000 pm for a retired couple is more than enough if they are frugal.
You think life is just about eating and drinking?

Household expenses, leisure, medical, you don't need all those things? Just eating sleeping and shitting you might as well be a plant

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  #12753 (permalink)  
Old 07-10-2021, 01:52 PM
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You donít need so much in retirement if you live a modest lifestyle

Retirement monthly expenses for retired couple
- Food and groceries = $700
- Utilities, wifi and mobile = $350
- Public transportation = $200
- Medical insurance = $600
- Miscellaneous = $150
- Total = $2000
Thank you. $2000 pm for a retired couple will suffice since they are debt free.

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  #12754 (permalink)  
Old 11-10-2021, 09:28 PM
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Quote:
Originally Posted by Unregistered View Post
How much does a retired couple need assuming they are debt free?

Some people say $2000 pm is enough for them

Some people say need $2 mil in cash

If you look around at coffee shops the retired uncles donít seem to need much. They sit at the coffee shops drinking coffee and eat lunch. The most they spend maybe $10 per day so $300 pm is enough as long as they donít gamble.

So $2000 pm for a retired couple is more than enough if they are frugal.
Didn't prepare for covid medical bills?
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  #12755 (permalink)  
Old 11-10-2021, 11:01 PM
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Didn't prepare for covid medical bills?
insurance will cover bulk
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  #12756 (permalink)  
Old 12-10-2021, 01:00 PM
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Finance, 28y/o
Company profile: large PE firm
YoE: 4 (served NS)
Total Comp: 400k+ sgd (200 base, 200+ bonus)

Started in IB (120 base, 80 bonus)

Generally I spend very little, but don't see myself quitting because I am used to having work occupy my time
Troll spotted. I am in a PE firm and I assure everyone here that this is incredulous. Even more so that PE deals only come good after some number of years depending on the nature of the investment.
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  #12757 (permalink)  
Old 12-10-2021, 06:47 PM
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Troll spotted. I am in a PE firm and I assure everyone here that this is incredulous. Even more so that PE deals only come good after some number of years depending on the nature of the investment.
Bonus is different from carry...whether it's fund carry or deal carry. You sure you work in the industry?
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  #12758 (permalink)  
Old 12-10-2021, 11:15 PM
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32 this year... 400k per annum... Working in a FAANG company supporting the region. Local uni grad...
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  #12759 (permalink)  
Old 12-10-2021, 11:22 PM
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Are you guys including equity?
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  #12760 (permalink)  
Old 12-10-2021, 11:34 PM
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35... also 400k (excl equity). didnt know so many people making this amount, even a 28yo.
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