How much are you earning per annum?

Originally Posted by Unregistered

Mid 50s, retired couple.
Sold our landed property. Made good profit. Bought a condo as our retirement home.
Debt free.
Use our cash and CPF to spend for our early retirement.
Our CPF Life will give us $4k plus per month at 65.

Damn that sucks, selling landed property that will keep appreciating for a garbage condo that depreciates isn't a really smart move but you do you.

4k a month at 65 isn't that great either, 4k for you and your wife? I hope you got a ton of savings saved up... inflation is going to destroy you.

Originally Posted by Unregistered

Damn that sucks, selling landed property that will keep appreciating for a garbage condo that depreciates isn't a really smart move but you do you.

4k a month at 65 isn't that great either, 4k for you and your wife? I hope you got a ton of savings saved up... inflation is going to destroy you.

ya sia 4k for 2 person sure die one, condo also need pay maintenance fees, sibei not worth lol

Anyone else thinks that the Govt has been recently conflating FTAs and FDIs with the free flow of foreign talent on the CECA issue? There is some relationship but not a strong one.

FTAs and FDIs are mainly structured for the free flow of goods , services and capital.

Japan and Korea have a plethora of FTAs and FDIs but their language and culture forms a natural barrier to the free flow of people.

Australia and New Zealand have a plethora of FTAs and FDIs but they regulate the flow of foreign workers stringently.

Attacking the PSP using FTAs and FDIs is just a cover for their failure or perhaps unwillingness to regulate the massive influx of foreign workers.

The government is fully aware about allowing a foreign worker OVERFLOW because it wants to hurriedly create a bigger and bigger economy to justify its bigger and bigger salaries. the saddest part of the Singapore model of success is that the ruling elites/ policy makers are not on the same boat as the commoners who toil 24/7 which includes us junior/senior assocs/SPs.

Like George Orwell wrote in the Animal Farm, all animals are equal, but some are more equal than others.

I know salaries from private uni grads raise eyebrows, but it's true. I managed to get a 10k/month job as a fresh graduate. SIM is a good school.

Both grew up in middle income families living in 3 room flats. We studied and worked hard and determined to retire in our fifties instead of sixties. Retiring in the sixties is common.

We also do not plan to leave behind much for our children as we do not want to pamper them. We want them to study and work hard just like we did.

We are close to retiring in a few years. Our condominium unit is fully paid and we are totally debt free. We may not need to downgrade when we retire. Our cash and CPF savings will fund our retirement prior to 65. At 65, our CPF Life will fund our retirement expenses. Our total passive income at 65 is estimated to be about $65k pa. This would suffice as we will be cooking our own meals. We also do not need to own a car as it will only depreciate at the car park.

Originally Posted by Unregistered

Anyone else thinks that the Govt has been recently conflating FTAs and FDIs with the free flow of foreign talent on the CECA issue? There is some relationship but not a strong one.

FTAs and FDIs are mainly structured for the free flow of goods , services and capital.

Japan and Korea have a plethora of FTAs and FDIs but their language and culture forms a natural barrier to the free flow of people.

Australia and New Zealand have a plethora of FTAs and FDIs but they regulate the flow of foreign workers stringently.

Attacking the PSP using FTAs and FDIs is just a cover for their failure or perhaps unwillingness to regulate the massive influx of foreign workers.

The government is fully aware about allowing a foreign worker OVERFLOW because it wants to hurriedly create a bigger and bigger economy to justify its bigger and bigger salaries. the saddest part of the Singapore model of success is that the ruling elites/ policy makers are not on the same boat as the commoners who toil 24/7 which includes us junior/senior assocs/SPs.

Like George Orwell wrote in the Animal Farm, all animals are equal, but some are more equal than others.

no idea bro

Originally Posted by Unregistered

I know salaries from private uni grads raise eyebrows, but it's true. I managed to get a 10k/month job as a fresh graduate. SIM is a good school.

Very respek, much wow, incredibly amazing story. you is my faborite idolt of all time

Originally Posted by Unregistered

Very respek, much wow, incredibly amazing story. you is my faborite idolt of all time

Can't figure out if that typo is meant to be corrected as "idol" or "idiot"

Originally Posted by Unregistered

Both grew up in middle income families living in 3 room flats. We studied and worked hard and determined to retire in our fifties instead of sixties. Retiring in the sixties is common.

We also do not plan to leave behind much for our children as we do not want to pamper them. We want them to study and work hard just like we did.

We are close to retiring in a few years. Our condominium unit is fully paid and we are totally debt free. We may not need to downgrade when we retire. Our cash and CPF savings will fund our retirement prior to 65. At 65, our CPF Life will fund our retirement expenses. Our total passive income at 65 is estimated to be about $65k pa. This would suffice as we will be cooking our own meals. We also do not need to own a car as it will only depreciate at the car park.

Amazing. To retire in a condo is the ultimate SG dream. You have worked hard and deserve your success. Actually you don’t need so much to retire. A couple needs only $3k pm or $36k pa in retirement assuming they are mortgage and debt free. They need to spend on food and other basic needs. No need to spend on unnecessary things. So congratulations on your success!

Originally Posted by Unregistered

Amazing. To retire in a condo is the ultimate SG dream. You have worked hard and deserve your success. Actually you don’t need so much to retire. A couple needs only $3k pm or $36k pa in retirement assuming they are mortgage and debt free. They need to spend on food and other basic needs. No need to spend on unnecessary things. So congratulations on your success!

in malaysia no one wants condo, at least not their citizens. only dumb sinkies so obsessed with condos. paying a few mills for a space the size of a 5rm hdb is just sad. ask people from any other country, they call that daylight robbery