Greatbirdlegend 1st Gear February 21, 2011 Share February 21, 2011 It's never too early to start your retirement planning. Set a high target so that even if you don't hit it you don't end up in a bad shape. http://www.straitstimes.com/BreakingNews/S...ory_637312.html ↡ Advertisement Link to post Share on other sites More sharing options...
Hwt Neutral Newbie February 21, 2011 Share February 21, 2011 It's never too early to start your retirement planning. Set a high target so that even if you don't hit it you don't end up in a bad shape. http://www.straitstimes.com/BreakingNews/S...ory_637312.html high target == number suggested by a financial advisor (insurance agent) x 2 ? I am not sure how many people can reach even "number suggested by a financial advisor (insurance agent) / 2"............. Link to post Share on other sites More sharing options...
Greatbirdlegend 1st Gear February 21, 2011 Author Share February 21, 2011 high target == number suggested by a financial advisor (insurance agent) x 2 ? I am not sure how many people can reach even "number suggested by a financial advisor (insurance agent) / 2"............. I wouldn't depend on someone else to advise me. Really depends on individual liabilities and lifestyle needs to do your own plan. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 21, 2011 Share February 21, 2011 I wouldn't depend on someone else to advise me. Really depends on individual liabilities and lifestyle needs to do your own plan. financial planner will tell you. you need to pay 10 million for education alone for 1 child. (minus food and other stuff). you see if its true or not lor. Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 21, 2011 Share February 21, 2011 It's never too early to start your retirement planning. Set a high target so that even if you don't hit it you don't end up in a bad shape. http://www.straitstimes.com/BreakingNews/S...ory_637312.html Talk cxck sing song for Sinkie easier and more realistically achievable! It is not like in the 70s or 80s where the cost of living was not so HIGH! Now most of the peasant Sinkie does not have the million dollar salaries required for them to retire! Let alone pay only S$8 for OPEN HEART SURGERY! Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 21, 2011 Share February 21, 2011 (edited) Sorry. now cost of living very high meh?? Talk cxck sing song for Sinkie easier and more realistically achievable! It is not like in the 70s or 80s where the cost of living was not so HIGH! Now most of the peasant Sinkie does not have the million dollar salaries required for them to retire! Let alone pay only S$8 for OPEN HEART SURGERY! Edited February 21, 2011 by Joseph22 Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 21, 2011 Share February 21, 2011 Sorry. now cost of living very high meh?? Aiyoh....boy..boy ah.. You only have gone thru one third of your life.... How can you under-the-stand and grasp the real menaing of life? Link to post Share on other sites More sharing options...
Ncss Clutched February 21, 2011 Share February 21, 2011 (edited) financial planner will tell you. you need to pay 10 million for education alone for 1 child. (minus food and other stuff). you see if its true or not lor. tok cok la... No wonder S'pore birth rate so low, all kenna conned/scared by the financial planner. Edited February 21, 2011 by Ncss Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 21, 2011 Share February 21, 2011 (edited) Aiyoh....boy..boy ah.. You only have gone thru one third of your life.... How can you under-the-stand and grasp the real menaing of life? You might be surprise that some one 1/2 ur age could has experience more than u leh. Edited February 21, 2011 by Joseph22 Link to post Share on other sites More sharing options...
SimonTan 2nd Gear February 21, 2011 Share February 21, 2011 I can only think of buying insurance for the kids, when they turn 21, got money for their uni education. Some say invest in second property also can. If depends on saving $500 per month till retire, the savings will become negative value due to inflation. So in a way, properties still a good bet! Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 21, 2011 Share February 21, 2011 You might be surprise that some one 1/2 ur age could has experience more than u leh. Aiyoh...boy..boy Didn't you know by now?... In Sinkland... Experience count for zipp.... What counts is plenty of $$$$$ on hand! Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 21, 2011 Share February 21, 2011 financial planner will tell you. you need to pay 10 million for education alone for 1 child. (minus food and other stuff). you see if its true or not lor. Er bro, you kidding right? Someone told you that? Link to post Share on other sites More sharing options...
SimonTan 2nd Gear February 21, 2011 Share February 21, 2011 Ten years ago, the financial consultant advices me that I might need $300,000 for my kid university education! Not including the primary, secondary or JC education up to university stage leh. So i Link to post Share on other sites More sharing options...
Shull Turbocharged February 21, 2011 Share February 21, 2011 Usually, a good gauge is 1/2 of your salary must go into savings(be it investment, fixed deposit, property etc)..and most should be able to maintain the kinda of lifestyle they have just before retirement.. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 21, 2011 Share February 21, 2011 Aiyoh...boy..boy Didn't you know by now?... In Sinkland... Experience count for zipp.... What counts is plenty of $$$$$ on hand! Look like ur $$$ didnt bring u wisdom. $$$$ alone not enough. U need connection too. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 21, 2011 Share February 21, 2011 (edited) Er bro, you kidding right? Someone told you that? So far, all financial planner tell me that. I just smile at them Edited February 21, 2011 by Joseph22 Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 21, 2011 Share February 21, 2011 Ten years ago, the financial consultant advices me that I might need $300,000 for my kid university education! Not including the primary, secondary or JC education up to university stage leh. So i Overseas yes.. local... Err.... Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 21, 2011 Share February 21, 2011 Look like ur $$$ didnt bring u wisdom. $$$$ alone not enough. U need connection too. Aiyoh..that is why you still a boy..boy and will probably be a 'boy boy' for many years to come... In Sinkland unless you are born connected....you need $$$$..lots of it... To get connected. Or is it you are talking about a different kind of connection.. like internet connection? ↡ Advertisement Link to post Share on other sites More sharing options...
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