Lets talk about retirement

[cbkia222]

Originally Posted by GongJiaoWei

Ex-minister also suggested we go nursing/aged homes in JB, a lot cheaper

its a sad reality that we have to accept.

I get my fuel from JB and also groceries.

SGD goes a long way there.

we just have to accept the fact, the middle class is getting squeezed tighter and tighter.

[airman]

Originally Posted by cbkia222

its a sad reality that we have to accept. I get my fuel from JB and also groceries. SGD goes a long way there. we just have to accept the fact, the middle class is getting squeezed tighter and tighter.

do you try luck going into JB with 1/4 tank?

what's the best day and time to go in without the horrendous jam?

[cbkia222]

Originally Posted by airman

do you try luck going into JB with 1/4 tank?

what's the best day and time to go in without the horrendous jam?

i go 2nd link tank usually just above half. but i go in to buy other stuff as well.

timing wise, see heng suay lor

[Nonbk]

It's good to retire

[Bbrow]

Sit back and relax

[TMNT99]

CPF SA will be closed for age 55 and more starting next year. Any bros or sis affected by this and have to managed their excess money from the closed SA (ending up in the OA with only 2.5% interest) and have found commercial wealth management products that is low to medium risk but still beats the 2.5% OA interest, please share with us. Thank you

[Xgenre]

Originally Posted by TMNT99

CPF SA will be closed for age 55 and more starting next year.

https://www.channelnewsasia.com/sing...181020 24_cna

CPF money is managed by GIC. Look at the 20 year annualised average return of GIC. CPF interest rates can reach 5% per year with an extra 1% given on the first $60k.

Makes you wonder how they have been paying 4% on Medisave and Special Account over the years when GIC are reporting lower numbers.

[loneyheart]

Why only single out age 55 n abv ?
If want to close should close all ... shouldn't we enjoy the progress of SG together ?
Our $$$ has been lock for 55 years n now tell us ether to transfer to RA for higher interest but lock up ... or to OA for 2.5% ... if not happy just withdraw n park somewhere else

[fallen11]

Originally Posted by TMNT99

CPF SA will be closed for age 55 and more starting next year. Any bros or sis affected by this and have to managed their excess money from the closed SA (ending up in the OA with only 2.5% interest) and have found commercial wealth management products that is low to medium risk but still beats the 2.5% OA interest, please share with us. Thank you

go for SSB.
next month ssb still paying 2.56% pa for 10 years.
no tax only $2 flat fee to subscribe any amount.
but max per person only can hold up to 200k of SSB

[Biom]

Sit back relax , bonk all the girls in the world

[Gamerz]

Good Thread.

Firstly i was wondering, why a single man wants to buy a property in other country i.e Thai, Viet or Malaysia when u retire there. Is not like u will pass on the property to ur family members and that is if the 1 closest to u still well and living when u already at that age. And to even pass on the property, i cannot even imagine how much paper work or even if it is possible given the property residency issue.

Secondly is that as a single man aged 60, i cannot even imagine going to another country with no friends and family just to retire there even if the food and every other thing is cheaper than SG. Wun u feel lonely? For those saying for cheap bonks, i will salute u if u say u can do it everyday at that age without taking without ED.

[Xgenre]

Originally Posted by Gamerz

Secondly is that as a single man aged 60, i cannot even imagine going to another country with no friends and family just to retire there even if the food and every other thing is cheaper than SG. Wun u feel lonely? For those saying for cheap bonks, i will salute u if u say u can do it everyday at that age without taking without ED.

I think many of these guys are single or not close to family. The point is to stretch your retirement dollar while increasing your post retirement activities. Can visit different parts of Thailand. Singapore is so small. How many new things can you do in our island country?