How much are you earning per annum?

You're doing ok. Continue to work till 65. By the time you're 65, your home loan would be paid off. Also choose the Enhanced CPF life scheme. You and wife will get $3500 in total every month. This should be enough as you just need to spend on food and utilities. Don't own a car when you retire. Any contributions from your children would be a bonus. It is not difficult to retire as long as you:

1. Own your home outright with no loan so that you don't need to pay rent when you no longer work.

2. Choose the CPF Life scheme which gives you $1750 pm until you die.

3. Have good children who give you some money every month until you die.

4. Don't have bad habits such as drinking, gambling, smoking, womanizing, overspending, etc.

Originally Posted by Unregistered

40 & 42, middle income household, $105k pa combined.
4 room HDB flat, bought very cheap, still got loan but not so much.
Drives an old small car, no loan.
Total net worth $600k.
Are we performing well?

[savesmart]

Not having sufficient funds for retirement is indeed becoming an increasingly prevalent trend in today's society, with rising costs of living / inflation amongst the many factors. It is as such that we see the government placing more and more emphasis on areas such as CPF.

However, it is a reality even with CPF, it still may not be enough. Retirement nowadays require a sound financial plan to ensure that we do not face longevity risk. I do think that there is therefore a place for retirement savings plans / annuities which not only help us to save in a disciplined manner, but also grow these savings.

If you're interested to find out more about private retirement savings plans / annuities, you are welcome to PM me or email me at [email protected].

This is a forum for discussion and not for you to sell your things.

Originally Posted by savesmart

Not having sufficient funds for retirement is indeed becoming an increasingly prevalent trend in today's society, with rising costs of living / inflation amongst the many factors. It is as such that we see the government placing more and more emphasis on areas such as CPF.

However, it is a reality even with CPF, it still may not be enough. Retirement nowadays require a sound financial plan to ensure that we do not face longevity risk. I do think that there is therefore a place for retirement savings plans / annuities which not only help us to save in a disciplined manner, but also grow these savings.

If you're interested to find out more about private retirement savings plans / annuities, you are welcome to PM me or email me at [email protected].

Originally Posted by Unregistered

This is a forum for discussion and not for you to sell your things.

At least he is honest and direct.

Compare tHat to the car dealers lurking here lol

Originally Posted by Unregistered

You're doing ok. Continue to work till 65. By the time you're 65, your home loan would be paid off. Also choose the Enhanced CPF life scheme. You and wife will get $3500 in total every month. This should be enough as you just need to spend on food and utilities. Don't own a car when you retire. Any contributions from your children would be a bonus. It is not difficult to retire as long as you:

1. Own your home outright with no loan so that you don't need to pay rent when you no longer work.

2. Choose the CPF Life scheme which gives you $1750 pm until you die.

3. Have good children who give you some money every month until you die.

4. Don't have bad habits such as drinking, gambling, smoking, womanizing, overspending, etc.

Thank you for the assurance and advice. You are very smart.

If there is a change in policy towards two child, then demand for properties in China will surely shoot up.

Developers with big exposure to China's real estate will surely benefit big time. Keppel Land and Capitaland will surely be big winners over the long term.

----------------------------------------------------------------------

China considering one-child policy changes: Premier

15 Mar 2015 16:51

BEIJING: China is considering further changes to its family planning laws, Premier Li Keqiang said Sunday (Mar 15), after a relaxation in the "one child policy" failed to see significantly more babies being born.

The ruling Communist Party imposed strict rules in the late 1970s to limit population growth, with most urban couples restricted to a single offspring. The often brutally enforced policy has been hugely controversial, but officials say it has been a key factor in China's rising prosperity. Now, though, it is leading to demographic problems including a rapidly ageing population and a shrinking labour force.

A relaxation in the regulations in late 2013, allowing couples to have two offspring if at least one parent was an only child, failed to see a marked increase in births.

Li told reporters that Beijing would assess the reform along with "China's economic and social development situation" before any possible change in regulations. "Both the pros and cons will be weighed," he said, adding that "improvements, adjustments" would only be made in accordance with legal procedures.

Li's comments were measured but were in marked contrast to past official declarations that family planning is a "fundamental national strategy" that cannot be "shaken".

The topic was raised at his once-a-year meeting with journalists at Beijing's Great Hall of the People - where questions are generally submitted in advance - by state broadcaster CCTV and seized on by the official news agency Xinhua.

Among its consequences, the one child policy has also created a severe gender imbalance due to a traditional preference for sons. Nearly 116 boys were born for every 100 girls in China in 2014, while the sex ratio in the total population was 105 men to 100 women.

Senior official Liu Binjie said on Tuesday that China was reviewing the 2013 change after revelations only 470,000 babies were born as a result - representing one-tenth of families newly eligible to have a second child.

Experts have proposed a further loosening of the laws - and one local family planning official even called last month for a mandatory two-child policy.

Originally Posted by Unregistered

My wife and I are in our mid 50s, no kids.
We plan to retire soon and here's our plan.
We will retire in Malaysia or Thailand as it is cheaper.
We will sell our flat for $800k and invest in dividend stocks.
With 5% dividend yield, we will get $40k pa in dividends which is RM104k pa or RM8600 pm.
The income is a lot to retire on since it is only for two persons.
When we reach 65, we will get more money from CPF Life.
What do you think? Thank you.

YES, GREAT idea to retire in Malaysia or Thailand! Very smart, just go & buy many properties there and tell us how you fare years later. Haha.
Singapore is NOT the place for you.

Originally Posted by Unregistered

its the foreigners buying up our houses at high prices and pushing our COE up. singaporeans cant outbeat them. Outbeating them will get us more in debt.

Think why Govt come up with TDSR and 50% downpayment to buy car?? Because Govt know that Singaporeans CANT THINK. Govt have to decide for us.

Govt bring in RICH Foreigners, push up our prices and later found that Singaporeans blindly chasing dreams and heavily in DEBT!

You have Common Cents??!!!

Back to the topic of COE

COE prices will rise again. Cat A bid in the last round was like 2000 and now supply is 987, so with demand bigger than supply, prices must necessarily rise.

Cat B COE price also must rise.

With no clawing back, COE will shoot to more than $100k in 2019 and beyond, so if you have a 5 year old car or older, better change now before COE shoots up.

Huat Ah!

Many people just got their bonus already. I think COE prices, especially Cat A will jump today.

Good time to buy a 2nd car for your wife to go to market and send kids to school.

Originally Posted by Unregistered

Back to the topic of COE

COE prices will rise again. Cat A bid in the last round was like 2000 and now supply is 987, so with demand bigger than supply, prices must necessarily rise.

Cat B COE price also must rise.

With no clawing back, COE will shoot to more than $100k in 2019 and beyond, so if you have a 5 year old car or older, better change now before COE shoots up.

Huat Ah!