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How much are you earning per annum?

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  #8281 (permalink)  
Old 25-07-2015, 03:29 PM
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You don't get it do you?

The wealthy and hardworking folks just don't want to be called upon to help those laid back and lazy people who chose early retirement over hard work, and only to find out much later in their retirement that their funds have run out!

The wealthy and hardworking folks know all too well that the best way to help these laid back and lazy people is to tell them now the danger of retiring prematurely without proper financial planning and preparation.

The government recognizes this too! First it was just CPF. Then they created CPF retirement account to hold some money back from people who reached 55. This was because they saw many retirees squandering their CPF monies very quickly. Now they created yet another safety net - the CPF annuity life to further regulate the payout which starts only at age 65.

The danger is very real yet people are seemingly unaware of this danger.

Anyway, it is their life.

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Originally Posted by Unregistered View Post
Common on guys. Let's not quarrel like a bunch of old ladies.

Retirement is all about choice. Noone is right or wrong. Some prefer to retire like a king while others prefer to retire simply. To each his own. We don't need to impose your idea of retirement on others.

If you want to maintain your current lifestyle in retirement, you can do so and just need to work longer to 70 or 75 years old.

If you want to retire early at 50 or 55, and willing to downgrade to public housing, just do it since you value your free time more. Or if you have other pursuits in life.

At the end of the day, be happy with your choice. Don't need to quarrel.

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  #8282 (permalink)  
Old 25-07-2015, 03:49 PM
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Yup, agree with you that we shouldn't be quarrelling. Let's respect each other's views.

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Originally Posted by Unregistered View Post
Common on guys. Let's not quarrel like a bunch of old ladies.

Retirement is all about choice. Noone is right or wrong. Some prefer to retire like a king while others prefer to retire simply. To each his own. We don't need to impose your idea of retirement on others.

If you want to maintain your current lifestyle in retirement, you can do so and just need to work longer to 70 or 75 years old.

If you want to retire early at 50 or 55, and willing to downgrade to public housing, just do it since you value your free time more. Or if you have other pursuits in life.

At the end of the day, be happy with your choice. Don't need to quarrel.


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  #8283 (permalink)  
Old 25-07-2015, 04:20 PM
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I laughed when I read this. Rather immature comments. Not all who retired early are poor and lazy. There are many who retired early because they can. These people were high flyers who made their fortune early in their careers.

These are typically the ex-investment bankers, definitely not those who work as the typical engineers and accountants all their lives. They retire in their big penthouse condos or bungalows and spend their retirement growing their wealth through investments. They no longer need to be salaried workers. They no longer need to commute to work early in the morning, stuck in traffic jams as they work in the comfort of their home or while they relax at a beach resort. They are busy growing their passive income and wealth. And busy collecting the latest sport car models!


Quote:
Originally Posted by Unregistered View Post
You don't get it do you?

The wealthy and hardworking folks just don't want to be called upon to help those laid back and lazy people who chose early retirement over hard work, and only to find out much later in their retirement that their funds have run out!

The wealthy and hardworking folks know all too well that the best way to help these laid back and lazy people is to tell them now the danger of retiring prematurely without proper financial planning and preparation.

The government recognizes this too! First it was just CPF. Then they created CPF retirement account to hold some money back from people who reached 55. This was because they saw many retirees squandering their CPF monies very quickly. Now they created yet another safety net - the CPF annuity life to further regulate the payout which starts only at age 65.

The danger is very real yet people are seemingly unaware of this danger.

Anyway, it is their life.

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  #8284 (permalink)  
Old 25-07-2015, 05:06 PM
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Quote:
Originally Posted by Unregistered View Post
I laughed when I read this. Rather immature comments. Not all who retired early are poor and lazy. There are many who retired early because they can. These people were high flyers who made their fortune early in their careers.

These are typically the ex-investment bankers, definitely not those who work as the typical engineers and accountants all their lives. They retire in their big penthouse condos or bungalows and spend their retirement growing their wealth through investments. They no longer need to be salaried workers. They no longer need to commute to work early in the morning, stuck in traffic jams as they work in the comfort of their home or while they relax at a beach resort. They are busy growing their passive income and wealth. And busy collecting the latest sport car models!

Let's make it simple. Plan properly. Your retired life should not be inferior to what you enjoy now.
If you still think of downgrading, better invest in your children.
If they are successful, you will get 5k from each of them. You will not make life too miserable when you retire.....in 10 years.....15 years........20 years.......or 50 years later, if you wish to work until 85.
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  #8285 (permalink)  
Old 25-07-2015, 05:10 PM
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Singaporean senior citizen Seah, 70 ,working to survive their life in the island republic.

Are you one of the Seah's? Plan properly or else you still have to work at 70 years old just be another Seah in the republic.
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  #8286 (permalink)  
Old 25-07-2015, 06:13 PM
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Default How to retire with young kids at 40s?

Hi,

We have our child at mid-40's, I do not know how to retire then.


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Originally Posted by Unregistered_101 View Post
Can I ask whats the relation between retiring early and having spoiled kids? If you had kids at say 30 years old and retire at sat 55 your kids would be 25 years old, if they were already spoiled rotten by then how would retiring and spending time with them then change anything, in fact if they spoiled by their teens hardly much would change that unless you uprooted your family and moved to another country. By their late teens they would already be prefer to hang out with their friends rather than their retired parents.

Rich or poor its about the upbringing, seems silly to keep mentioning working people with spoiled children giving this illusion that they are related. You mean to tell me all retired people have very filial children?
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  #8287 (permalink)  
Old 25-07-2015, 08:30 PM
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You know this is not a laughing matter. My colleagues in their late 50s who had children below ten years of age do not dare think of retirement anytime soon.

Life is about choices. You choose a path and you carry the consequences.


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Hi,

We have our child at mid-40's, I do not know how to retire then.
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  #8288 (permalink)  
Old 25-07-2015, 10:02 PM
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Joker, read properly and know the background before jutting your face in.

Quote:
Originally Posted by Unregistered View Post
I laughed when I read this. Rather immature comments. Not all who retired early are poor and lazy. There are many who retired early because they can. These people were high flyers who made their fortune early in their careers.

These are typically the ex-investment bankers, definitely not those who work as the typical engineers and accountants all their lives. They retire in their big penthouse condos or bungalows and spend their retirement growing their wealth through investments. They no longer need to be salaried workers. They no longer need to commute to work early in the morning, stuck in traffic jams as they work in the comfort of their home or while they relax at a beach resort. They are busy growing their passive income and wealth. And busy collecting the latest sport car models!
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  #8289 (permalink)  
Old 25-07-2015, 10:43 PM
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degree holder, age33
75k - 80k/annum

7 yrs working exp only

am i doing ok or below average????
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  #8290 (permalink)  
Old 25-07-2015, 10:49 PM
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Quote:
Originally Posted by Unregistered View Post
degree holder, age33
75k - 80k/annum

7 yrs working exp only

am i doing ok or below average????


you are grossly under paid. My son at this age is earning 360k + 6 month bonus.
You must be working sub management job or technical job. A non professional.
try to get a professional degree and you should earn not less than 100k at your age.
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