How much are you earning per annum? - Page 1285 - 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
  #12841 (permalink)  
Old 17-11-2021, 07:47 AM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #12842 (permalink)  
Old 17-11-2021, 02:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.

Reply With Quote
  #12843 (permalink)  
Old 23-11-2021, 02:55 PM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #12844 (permalink)  
Old 23-11-2021, 04:35 PM
Unregistered
Guest
 
Posts: n/a
Default

my earnings per capita higher than you idiots


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


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
  #12845 (permalink)  
Old 23-11-2021, 04:37 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
my earnings per capita higher than you idiots
We may be idiots but at least we know what per capita means


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


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
  #12846 (permalink)  
Old 24-11-2021, 03:05 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote

  #12847 (permalink)  
Old 26-11-2021, 02:15 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #12848 (permalink)  
Old 26-11-2021, 08:52 PM
Verified Member
 
Join Date: Nov 2021
Posts: 22
greenerpastures is on a distinguished road
Default

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?
Reply With Quote
  #12849 (permalink)  
Old 29-11-2021, 12:40 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #12850 (permalink)  
Old 29-11-2021, 07:12 PM
Unregistered
Guest
 
Posts: n/a
Default

Last year made $2mil. This year lost $600k. Such is the life of professional trader. Sad...
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)
13,274 Replies, 7,845,540 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,015 Replies, 4,562,646 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
751 Replies, 366,954 Views
Lawyer Salary ( 1 2 3... Last Page)
15,448 Replies, 5,299,121 Views
Whats your net worth ( 1 2 3... Last Page)
2,879 Replies, 1,003,075 Views
UOB Management Associate Program ( 1 2 3... Last Page)
580 Replies, 322,403 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,482 Replies, 2,746,172 Views
GovTech ( 1 2 3... Last Page)
1,400 Replies, 453,246 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
358 Replies, 129,956 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,187 Replies, 1,959,644 Views
Standard Chartered International... ( 1 2 3... Last Page)
100 Replies, 83,572 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
4,967 Replies, 1,655,424 Views
Career as Teacher ( 1 2 3... Last Page)
4,310 Replies, 2,792,451 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,967 Replies, 678,779 Views
Singtel Management Associate... ( 1 2 3... Last Page)
499 Replies, 184,421 Views
Work culture in IHiS ( 1 2 3... Last Page)
204 Replies, 162,860 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
867 Replies, 265,199 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
629 Replies, 126,289 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
635 Replies, 497,195 Views
how to earn money at this age? ( 1 2 3... Last Page)
39 Replies, 50,926 Views
JP Morgan ( 1 2 3... Last Page)
111 Replies, 70,923 Views
ST Electronics ( 1 2 3... Last Page)
2,463 Replies, 682,585 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
651 Replies, 169,743 Views
IMDA (under MCI) ( 1 2 3... Last Page)
259 Replies, 97,039 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
436 Replies, 197,364 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,438 Replies, 1,603,809 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,260 Replies, 620,593 Views
Htx ( 1 2 3... Last Page)
55 Replies, 6,595 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
96 Replies, 90,543 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:42 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2