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I wanted to but everythings soooooooooooo expensive nowadays ..... I am one of the 78% ..... yahoo news: 3 in 10 Singaporeans eye retiring before hitting 60 years old And they'll rely on their savings. According to Nielsen, 78 percent of Singaporean respondents say they plan to rely on their personal savings and investments as primary source of income after retirement. Respondents from Singapore stood most confident about utilizing personal savings and investments as their primary source of income when retired as compared to the other countries in Southeast Asia. The Nielsen Global Survey about Aging, which polled more than 30,000 Internet respondents in 60 countriesi, also revealed that 29 percent of Singaporean respondents plan to retire before they reach the age of 60 years. For almost half of Singaporeans (45%) their ideal retirement age is younger than their planned/actual retirement age. In other Southeast Asian countries, even more respondents plan to have retired below the age of 60 years: Malaysia (50%) Indonesia (49%) Vietnam (44%), Thailand (33%) and The Philippines (30%). “The fact that most Singaporeans rely on their own savings and investment speaks about their desire to be self-reliant and self-sufficient,” said Luca Griseri, Head of Nielsen’s Financial Services in Singapore and Malaysia. “It presents an opportunity for financial service providers to facilitate this by offering adequate financial products that help citizens build their retirement funds early on. Information about what are the correct strategies for building a retirement nest is key, so that Singaporeans can start planning for their retirement early. link: http://sg.finance.yahoo.com/news/3-10-singaporeans-eye-retiring-061700591.html Working more than 40 over years and time to relax leow ...

Nice article! Appreciating the ‘money value of time’ - TODAY (todayonline.com)https://www.todayonline.com/commentary/appreciating-money-value-time-1770456 This sums it best for me: @Throttle2 is der aldy

Although the company has still high expectation of the previous years of production, the Volkswagen China has announced that it will be burying the highly-accepted Santana by 2012. The company foresees Santana sales to hit 85,670 this year and will taper down to 62,640 in 2010, 48,440 in 2011 and only 30,440 by 2012. To back this claim it must be noted that the company has produced, since 1983, 3,213,700 Santanas. It is not clear why the company will be doing this, but VW China was still manufacturing an older version of Santana, which is popularly known in other markets as Passat. With many taxi companies utilizing Santana as their cabs, the car surely was totally highly-accepted in this particular market. However, rumors concerning the lack of safety of the vehicle that comes from across China might be the reason behind the German carmaker

'Godfather' of Macau casinos Stanley Ho to retire Daisy Ho takes over as chairman and exec director; Angela Leong and Timothy Fok appointed co-chairmen and exec directors https://www.businesstimes.com.sg/consumer/godfather-of-macau-casinos-stanley-ho-to-retire MACAU gambling tycoon Stanley Ho will step down from his flagship casino empire SJM Holdings, the company said late on Thursday, as the 96-year-old magnate hands over the reins to his daughter. Known as the "godfather" of Macau casinos, Mr Ho has been instrumental in turning the former Portuguese colony on China's southern coast into a gambling boomtown, with gaming revenue surpassing Las Vegas. His retirement will take effect on June 12 at the end of SJM's annual general meeting, after which he will take on the new title of "chairman emeritus", the company said. Daisy Ho, his daughter, will take over as chairman and executive director, while his fourth wife, Angela Leong, and Timothy Fok, son of Stanley Ho's former business partner Henry Fok, will be appointed co-chairmen and executive directors. Gaming revenues in Macau were hit hard by a corruption crackdown launched by China's President Xi Jinping in 2012, but SJM is trying to lure visitors back to Macau with the sprawling new Grand Lisboa Palace complex, reportedly due to open in 2019. Mr Ho is the great-nephew of one of Asia's first tycoons, Robert Hotung, who was among Hong Kong's wealthiest individuals at the turn of the 20th century. He made his fortune smuggling luxury goods into China from Macau during World War II, before securing the only gaming licence in the then-Portuguese colony in 1962. The billionaire monopolised the gaming industry until 2002, when the government introduced foreign investors, sparking a boom which saw casino takings contribute around 80 per cent of the city's annual revenue. He stepped down as chairman from his Hong Kong-based conglomerate Shun Tak Holdings last year with his daughter Pansy Ho succeeding him.

I see that there are some retired people in MCF. I am wondering how much do a person need to retire and support what sort of lifestyle? For my case, I am thinking like 1 paid freehold terrace house and 1 paid 99yr condo at maybe AMK area. 1 paid car. 200k cash. Then I will "retire" by getting a simple, stress free job that pays maybe 4k/month, enough to cover my expenses, travel twice a year. The condo can rent out and be sold when my single kid needs to go uni. When my kid get married, sell off the terrace and get 2 small place and rent one out. u you guys think it is enough to retire like that? please note I am not going to full retirement but rather getting a simpler job so I will probably still get some income.

https://www.scmp.com/sport/other-sport/article/3014299/lee-chong-wei-retires-after-19-years-top-badminton?utm_medium=Social&utm_source=Facebook#Echobox=1560417953 End of an era. South East Asia's favorite underdog.

I wish I wish~~ I will be able to drop by this cool island one day http://news.asiaone.com/news/asia/its-raining-cats-and-tourists-japanese-island Love them all! Be kind to animals , you dun have to love them but don't abuse them

http://www.channelnewsasia.com/news/singapore/most-elderly-singaporeans/1415888.html Aside from reading this as a piece for increasing the age of retirement, but somehow the numbers don't seem to match...80% confident, 37% feel little to worry, 46% ave or poor finances? Generally on the ground, I find the elderly more negative about their futures. Sitting in older estates kopi tiam can hear alot of stories... Also wondering whats the rational in determining our life starts dropping at 65?

If given a choice, four in 10 Singaporeans will retire at the age of 55, a recent survey found. Almost four in 10 employees in Singapore want to retire at the age of 55 - 10 years earlier than the retirement age set by the government, revealed the 2014 Randstad Award survey released on Friday. The survey of 6,546 employees in Singapore also found that respondents would be motivated to work longer if their workplace offered a more relaxed schedule, friendlier atmosphere and shorter work hours. Randstad Country Director for Singapore Michael Smith said the findings provide organisations with a clear insight on how best to engage their top talent in order to retain them. "Singapore is already facing a talent crisis, with many organisations finding it difficult to meet the demand for skills. “If a situation arises where a large group of the talent pool are unwilling to work till the retirement age, this will make the talent shortage challenge even more acute for organisations here. “Employers need to constantly evolve their talent management strategies by understanding the motivations of their employees of all ages, including return-to-work mothers and the mature-age workforce," said Mr Smith. The survey found that female employees, in particular, find flexible working hours a key motivator for staying in the workforce. Mr Smith said this is not surprising, given female employees tend to think about family priorities at some stage during their careers. "Today's constantly changing world of work means that there is no one-size-fits-all approach. “Employers need to continuously rethink their approach to ensure they are meeting the needs of their employees. These include establishing flexible working arrangements, a positive working environment and work-life balance. “Yet it is critical for employers to strike the balance between keeping their employees happy and maintaining productivity to ensure their business is well placed for the next phase of growth," added Mr Smith. The survey also found that competitive salary and employee benefits remain the most important factors for employees in Singapore when they choose an employer. This is the third consecutive year where salary and benefits have taken the top spot. The top three key employer personality traits employees in Singapore look for are: reliable, honest and sincere. Another survey finding was that Singapore employees spend an average of 42 minutes travelling to work. This is close to their acceptable time of 39 minutes. Source: http://www.channelnewsasia.com/news/singapore/4-in-10-s-porean/1058524.html

Who believe this crap?.. http://news.asiaone.com/news/singapore/mah...ousing-prices-0

from CNA: Extend re-employment age limit from 65 to 67: Heng Chee How By S Ramesh | Posted: 07 February 2013 1733 hrs SINGAPORE: NTUC's Deputy Secretary General and Senior Minister of State in the Prime Minister's Office, Heng Chee How, has put forth several proposals to grow the older worker segment of the workforce. Speaking during the debate on the White Paper on Population in Parliament, he described this segment as an untapped one, and urged the tripartite partners to start working on further extending the re-employment age limit from 65 years old to 67 years old. He said that the limit of age 67 is already provided under the law, so there is no need for further legislation, but there is a need to ensure smooth implementation of the re-employment or people aged 62 to 65 and consider how best to facilitate further extension sooner rather than later. Mr Heng said a key part of this would be to ensure that employers in both the private and public sector value their older workers as assets, pay them fairly even as they enter re-employment and not make mechanical cuts to their pay and benefits. for more story, link: http://www.channelnewsasia.com/stories/sin...1252851/1/.html 10 years back, I was happily looking forward to my retirement at 55. Then, we are encourage to work to 60. So I said to myself, never mind, just 5 yrs more as I am still healthy. When I reach 50 yrs, they increase to 62. When I reach 52, they tell me 65 better. Now at 55, they going to extend to 67 .... Is there a hidden agenda that those retire now will not be able to enjoy stress ($$$) free daily life. Expect us to work to 67 ...

As above

I am 37years old. Earn 350kpa after tax. Own 2 condo, total value of about 2m. Both under loan. Rental for one paying for itself and a bit more. Car fully paid. Cash in hand and stock current value about 600k. Passive stock income about 24kpa(taxed already) My wife and I will need about 10k pa for retirement. Any advice? This is my genuine situation, would appreciate any advice.

After Shaq retirement, its now Yao's turn

as some of you know I just broken off with my gf and is feeling sad...now my only love is money....sick of work too....so I am wondering if I can retire if I save up $400000 and what can I do with the money....start a business? leave it in a fixed deposit etc etc

87 percent of netizens polled want Lee Kuan Yew to retire from politics Published Wednesday, April 20, 2011 by Singapore Election | In an online poll conducted on the Temasek Review Facebook, 87 percent or 499 out of 574 of the respondents polled do not want Lee Kuan Yew to participate in the coming General Election. The 87 year old Lee has announced his candidacy in Tanjong Pagar GRC lately, sparking a massive uproar among netizens who are yearning to see him

Finally. One less expensive pay check & more good years for the tax payers. From CNA: http://www.channelnewsasia.com/stories/sin...1121873/1/.html GE: Lim Boon Heng to retire SINGAPORE: Minister in the Prime Minister's Office Lim Boon Heng has announced he would be retiring from politics. Mr Lim, who is also Chairman of the People's Action Party and MP for Jurong Group Representation Constituency (GRC), said this on Sunday at a constituency event. He said Finance Minister Tharman Shanmugaratnam and current MP for Jurong GRC will helm the team. -CNA/wk

as some of you may read some forumers asked if they can retire with 400k. my only love is also money....sick of work too.... so I am also wondering if I can retire if I save up $4,000,000 liquid asset and what can I do with the money besides leaving it in a fixed deposit or buying a ponzi property in sinkie land.

I have an uncle who worked in a company for over 40 years as a technician. Really loyal as it was his first and last job. He helped the company through thick and thin through two generation of bosses, father and son. This son is really ungrateful. Several months ago, he took away all this benefits. So from $2000+, he left with just about $1.2k. And now, he forced my uncle to retire and to leave the company without a single retirement benefits. Imagine working over 40 years without a cent at the end. F**king ungrateful. What would you do if this happens to you?

With the heated debate on Retirement age , Dont know why defend SG , FTs issue, HDB out of reach ,high COE, ERP, MRT sadine pack , ever increasing cost of living .... will you consider retiring in another country , or stay in SG to work for the rest of your life ?

http://www.channelnewsasia.com/stories/sin...1089908/1/.html Might as well just say no retirement age loh.....

Could I retire at 40? A long retirement is a daunting proposition. Even experts can't agree on the best retirement strategy. And there is a shortage of products designed for early retirement. -------------------------------------------------------------------------------- Recently, a client asked whether she had enough money to retire. Nothing odd, expect she is only just past forty and contemplating a retirement of forty years. Lengthy retirement is one of the most challenging areas for a financial adviser (and for the retiree). With half a lifetime to go there is a huge range of possible outcomes, dependent on unknowns such as longevity, market returns, and cost of living. Good advisers will suggest a retirement strategy: a guide on how to invest, how much to spend, what to insure, and how to manage risk. Unfortunately, there is still controversy over the best strategy. This makes a long retirement a tricky proposition. For example, Noble-prize winner William Sharpe has cast doubt on a favourite rule of thumb of financial planners: retirees each year should spend a fixed 4% of their initial wealth. In another example, the thin life annuity market doesn't reflect the experts' fondness for annuities. A paper by researchers at Stanford University and US firm Financial Engines investigated how to spur the use of annuities, and thereby enhance retirees' financial prospects. Interestingly, the paper advocated annuities that require a gap between purchase and first payout - a feature of the CPF LIFE scheme. How much income could I generate? A quick reckoning can give a ballpark estimate of affordability. It's not a good idea to assume your lifestyle will suddenly become frugal. Leisure time can actually increase your spending. An easy calculation uses the annuity formula, which assumes the principal is eventually all used up. For example, $1 million lasting for 40 years can generate around $3,400 per month from an investment return of 2.8%. The latter is a recent yield on a Singapore Government Securities (SGS) 10-year bond - a starting point for conservative calculations. Another way is to assume the principal is not touched, and is left as a bequest or emergency fund. Then the $1 million generates $2,300 per month on a 2.8% yield. These numbers are useful benchmarks but they don't factor in inflation. With an inflation rate of 2%, a $100 expense today inflates to $122 in 10 years, after 40 years it balloons to $220. So if you had $1m and could live on $3,400 per month you would need to earn more than 2.8% each year to keep pace in real terms. How to avoid shortfalls? An early retiree has to plan especially carefully against a shortfall - not run out of money. Financial planners can run scenarios to see how various inputs affect outcomes. A key decision is the amount put into risky assets such as stocks. It's not purely a mathematical decision - there is an emotional tension between the fear of market crashes, and the fear of being left behind by inflation. Two approaches help retirees with this. Lockbox strategies divide a retiree's initial wealth among separate pots, even as fine grained as one pot for each future year of spending. Assets in each pot are managed according to the different timeframes. When a pot reaches its target year, the retiree cashes out and spends all of its proceeds. For the scheme to work well, the retiree should not mix assets, or redeem a pot in the wrong year. A glide path is an age-based adjustment of a portfolio which decreases exposure to equities. Advisers often quote a "100-minus-age" rule for the percentage allocated to equities. For example, 45 year-olds should hold 55% of their assets in shares. Recent research has hinted that a better rule might be "120-minus-age". Glide path strategies are sometimes embedded in funds. Examples in Singapore include UOBAM GrowthPath Portfolios, and the new Aim Series from NTUC Income. An early retiree could buy such funds, but may need to pick a product that assumes retirement is still far away. If not, the product may be too conservative. Which products should an early retiree consider? What products are specifically designed for early retirees? Arguably none - unless you count stocks and other risky assets. Although annuities are good for conventional retirement lengths, their conservative structure and insurance component don't offer as much for persons below 50. Early retirees may not find annuities attractive, at least until these retirees are a bit older. Lucky retirees with large savings may need only modest growth rates, of 3-4% per year, to beat inflation while protecting capital. They should consider:

AFP SAO PAULO - DOUBLE World Cup winner Ronaldo said on Monday he would retire from professional football at the end of next year but still had hopes of appearing for Brazil in the 2010 World Cup finals in South Africa in June. The 33-year-old three-times world footballer of the year - widely regarded as one of the greatest players of all time - told a media conference in Sao Paolo he was finally calling time on his illustrious but injury-hit career. Currently playing for Corinthians in Sao Paolo, the player known as 'El Fenomeno' during his prime said he had agreed with the club to play until the end of 2011. 'I've renewed for another two years and they will be the last of my career. I want to give my all. I hope to have fun and end with some big wins,' he said, according to the G1 news website. That could include a final appearance for Brazil in the June 11-July 11 World Cup in South Africa, said Ronaldo, who scored 62 goals in 97 appearances for Brazil. 'We'll see. I still have a chance to go (to South Africa). For the next one (in Brazil in 2014), it's impossible. It's so far away and time is passing - including for me,' he said. The former Barcelona, Real Madrid, AC Milan and Inter striker helped Brazil to victory in the 1994 and 2002 World Cup, shrugging off injury to end the latter tournament as top World Cup scorer of all time with 15 goals. He last played for his country in the 1-0 defeat to France in the quarter-final of the 2006 World Cup in Germany. He scored his last goal for Brazil four days earlier in the 3-0 win over Ghana.

Based on this report, you can supposedly retire at age 62 drawing S$2,500/mth (till age 82) just by saving S$158.30/mth starting from 25 years old with zero savings. How to retire with S$1 Million Try as I might, I can't seem to get the maths to work... Anyone has any idea?

Let share our inputs. https://www.cpf.gov.sg/cpf_trans/ssl/rnr/index.htm I think 2k pm is enough for me provided dont own a car . How about u guys?