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How much are you earning per annum?

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  #12841 (permalink)  
Old 17-11-2021, 07:47 AM
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Just curious. Does your CPF interest includes CPFLife?




Quote:
Originally Posted by Unregistered View Post
Hi people, it has been quite a few years since I visited this forum. Think my very last post / message here was in 2014?

This forum started (in 2010 / 11?) with with the intent to have healthy sharing of salaries in different industries across different age groups. It started off quite well with genuine info sharing but as with all things anonymous, the postings / sharing quickly degenerated into a sham. Sad but not surprising.

Anyhow, I am now a senior (meaning above 60) and what we seniors discuss and compare are not just our salaries (for those of still working) but our passive income. While building up sufficient net-worth is important in preparing for retirement, the cashflow is equally if not more important in retirement.

Retirees typically drawdown on their savings but there is a superior way, and that is through acquiring assets that generate passive cashflow.

So when we seniors meet, we discuss and compare notes on the various assets and instruments that can generate good and robust cashflow and yet not too exposed to the vagaries of the market.

For most of us around 60+ years old, our passive income ranges from $150,000 to $250,000 yearly. Ours is close to $200,000 a year (combined for spouse and I). Our cashflow generators are:

Dividends from equities : $67,000
Rental income : $36,000
Interest from CPF : $93,000

Not quite yet $200,000, but working towards it and hope to achieve it next year.

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  #12842 (permalink)  
Old 17-11-2021, 02:17 PM
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UmÖ of course worried right? SG is a rat race what. And Iím a competitive female, I donít suppose you expect every human to be happy just being average? 🙄
I donít suppose you guys here only compare to those whoíre doing worse than you? Like that compare for what, shiok factor meh. Of course always to strive for better what. Healthy competitiveness as long as it doesnít consume you.

Crazy. Ask one question but no one bother answering honestly, all shoot here shoot there.
Guess thatís what men are all about 🤫
just like what your dad is good at, shooting.

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  #12843 (permalink)  
Old 23-11-2021, 02:55 PM
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Planning to retire when we collect our CPF soon. Our home is fully paid up. We should be able to collect $400k in total from our CPF OA combined at age 55. This is enough for us both as we are live a simple life. We need $360k ($36k pa) from 55 to 65. We will get $54k pa from our CPF Life combined from age 65 onwards.

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  #12844 (permalink)  
Old 23-11-2021, 04:35 PM
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my earnings per capita higher than you idiots
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  #12845 (permalink)  
Old 23-11-2021, 04:37 PM
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Quote:
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my earnings per capita higher than you idiots
We may be idiots but at least we know what per capita means
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  #12846 (permalink)  
Old 24-11-2021, 03:05 PM
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Quote:
Originally Posted by Unregistered View Post
Planning to retire when we collect our CPF soon. Our home is fully paid up. We should be able to collect $400k in total from our CPF OA combined at age 55. This is enough for us both as we are live a simple life. We need $360k ($36k pa) from 55 to 65. We will get $54k pa from our CPF Life combined from age 65 onwards.
This is a great plan! You are among the few successful ones who can retire early at 55.

I know of high flyers who retired in their 40s.
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  #12847 (permalink)  
Old 26-11-2021, 02:15 PM
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Quote:
Originally Posted by Unregistered View Post
Planning to retire when we collect our CPF soon. Our home is fully paid up. We should be able to collect $400k in total from our CPF OA combined at age 55. This is enough for us both as we are live a simple life. We need $360k ($36k pa) from 55 to 65. We will get $54k pa from our CPF Life combined from age 65 onwards.
Good for you. Retiring at 55 is becoming more common nowadays. People sell their private property and downgrade to HDB flat to get lots of cash. Cheaper to live in HDB flat.
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  #12848 (permalink)  
Old 26-11-2021, 08:52 PM
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Join Date: Nov 2021
Posts: 22
greenerpastures is on a distinguished road
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Quote:
Originally Posted by Unregistered View Post
Hi people, it has been quite a few years since I visited this forum. Think my very last post / message here was in 2014?

This forum started (in 2010 / 11?) with with the intent to have healthy sharing of salaries in different industries across different age groups. It started off quite well with genuine info sharing but as with all things anonymous, the postings / sharing quickly degenerated into a sham. Sad but not surprising.

Anyhow, I am now a senior (meaning above 60) and what we seniors discuss and compare are not just our salaries (for those of still working) but our passive income. While building up sufficient net-worth is important in preparing for retirement, the cashflow is equally if not more important in retirement.

Retirees typically drawdown on their savings but there is a superior way, and that is through acquiring assets that generate passive cashflow.

So when we seniors meet, we discuss and compare notes on the various assets and instruments that can generate good and robust cashflow and yet not too exposed to the vagaries of the market.

For most of us around 60+ years old, our passive income ranges from $150,000 to $250,000 yearly. Ours is close to $200,000 a year (combined for spouse and I). Our cashflow generators are:

Dividends from equities : $67,000
Rental income : $36,000
Interest from CPF : $93,000

Not quite yet $200,000, but working towards it and hope to achieve it next year.
thanks for sharing. do you mind sharing what was your peak salary range, and around what age that was?


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  #12849 (permalink)  
Old 29-11-2021, 12:40 AM
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Quote:
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Good for you. Retiring at 55 is becoming more common nowadays. People sell their private property and downgrade to HDB flat to get lots of cash. Cheaper to live in HDB flat.
Iím thinking about this too. My condo is paid up and is worth $1.1 mil. If I sell and then buy a $500k HDB flat, I get $600k. Our CPF OA and cash combined is about $300k. So $900k should be enough to last us for 10 years from 55 to 65.
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  #12850 (permalink)  
Old 29-11-2021, 07:12 PM
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Last year made $2mil. This year lost $600k. Such is the life of professional trader. Sad...
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