What do you want for retirement?

[airman]

I own a 3 room flat since 2005 and it has been giving me passive income since day 1 and is never a problem dealing with tenants etc.

Anyway this is just my suggestion and you are the best person to decide what is good for you. All the best.

[fnulnu99]

What do we want when we retire?

1. play golf once a week?
2. sex with FL once a week?
3. go overseas once a month?
4. still own a car to drive around?
5. eat in nice restaurant once a week?

All this will need money to sustain. Retirement income is something we may overlook. Recently I decided to go full retirement in SG. And based on my current lifestyle, I will need at least $2.5k/month to sustain my simple lifestyle.

And at age 51, without drawing from CPF, the question of retirement income arises.

And I can't even afford ALL the item above. I can only conclude that SG is a very expensive place to retire.

In order to do all that, I think ideally, one will need $5k/month for a single person.

[liber69]

Did this agent require you to buy their products ?

It’s always better to have multiple income steams than to reply on a single source. Equities, Bonds, Housing for investment, part time work etc. You are still young, so have a longer runway to build your nest egg. That said all work and no play makes a dull jack. Must also know how to reward yourself.

All the best !

Originally Posted by alantay

I am currently 35 years old. I have calculated with a financial agent if I don't buy any property I can retire at 45 if I were to continue with my current lifestyle. If I were to get married and own a property I can only retire at 65. I am still staying with my parents in a HDB flat. I know a lot of people don't like to live with parents but I ain't taking it for granted because at times when my parent need help I can help them and vice versa. Currently earning a monthly decently income but getting abit tired of corporate life due to my coworker. I am looking to retire at place like Taiwan - as it is a vibrant place, or KL due to the low cost of living and more friendly people. Introvert here.

[entering]

Originally Posted by loneyheart

If u still below 60 working still a better choice unless u have many hobby n $$$ to kill time if not body n mind aged very fast

Actually, I wanted a break. Then I saw the price increase this year for even simple food stuff. So ended up, I got another higher paying job instead. I don't know how man, if prices fly like that ever month.

[sky_liner2]

I thought of going to Thailand Hua Hin (or somewhere cheaper cost) to retire with wifey when I hit 65, renting out our 5-room HDB to sustain our expenditure overseas, but then it may not be easy to move somewhere of different culture and language.

[malaysiapig]

Originally Posted by fnulnu99

What do we want when we retire?

1. play golf once a week?
2. sex with FL once a week?
3. go overseas once a month?
4. still own a car to drive around?
5. eat in nice restaurant once a week?

All this will need money to sustain. Retirement income is something we may overlook. Recently I decided to go full retirement in SG. And based on my current lifestyle, I will need at least $2.5k/month to sustain my simple lifestyle.

And at age 51, without drawing from CPF, the question of retirement income arises.

And I can't even afford ALL the item above. I can only conclude that SG is a very expensive place to retire.

In order to do all that, I think ideally, one will need $5k/month for a single person.

bro, those who can afford to retire @ 51 will not bother what they have in their cpf ....
otherwise keep work hard and maybe try your luck at next millions toto draw

[lancerlution2]

Originally Posted by Torsoo

A nice lovely wife with home

That cooks all your favourite dishes. Yums

[apiasap]

Have you plan when one of you go first, what the remaining one should do?

Originally Posted by sky_liner2

I thought of going to Thailand Hua Hin (or somewhere cheaper cost) to retire with wifey when I hit 65, renting out our 5-room HDB to sustain our expenditure overseas, but then it may not be easy to move somewhere of different culture and language.