[Gen x] what's your plan for retirement ?

[popdod]

such is life.

same like my dad.. wan to travel but always bz. Even when i booked tix, he asked to transfer name coz need to work.
Then kaput from pneumonia.

#YOLO.

Try sem-retirement first.
do abit Of work to stimulate brain and social interaction.

else

whole day stay at home watch netflix will become dementia. Nothing to stimulate the brain.

 

[popdod]

I only have BRS enough or not?!

Pure Hard Truths.
nope , given the inflation rate.

 

[muji4832]

Huh what you mean ?

If FRS is 200K but I only have 190K in both OA and SA combined I can't take out the 90K after opting for the 100K BRS ?

can, once if u pledge your local property u can do that . withdraw down to BRS.. or i think u can withdraw a one time only "5000" if you havent reach ur FRS

 

[artncraft]

I can retire already but there seems to be some momentum going on such that I just continue working and continue my life as it is. I have not developed a concrete plan for my retirement yet.

The only difference is financially, I feel a lot more relaxed as there is still pay coming in every month and I can do whatever I want with this additional money.

 

[evildoer]

Huh what you mean ?

If FRS is 200K but I only have 190K in both OA and SA combined I can't take out the 90K after opting for the 100K BRS ?

Sadly no .. they give u withdraw a good will gesture "5000.00" that's it... cause FRS is the line.. u can only withdraw watever excess.. if u haven't reach.. then 5000

but if u pledge your property.. you can withdraw down to BRS.

 

[forests_gump]

i feel so too.. it's better you build up a passive income.

Please don't work until you cannot walk already.. then where is the life to enjoy.

How much passive income enough to quit/retire ? $5k ? $10k ? $20k ?!?

Tiagong a certain influencer guitarist claims gen x don't want to retire ~ else life no meaning will bored to death.

 

[muji4832]

Yes that's what I meant. I will pledge my property lor.

But I din know I can only withdraw down to BRS. I thought can take all. Damn.

Sadly no .. they give u withdraw a good will gesture "5000.00" that's it... cause FRS is the line.. u can only withdraw watever excess.. if u haven't reach.. then 5000

but if u pledge your property.. you can withdraw down to BRS.

 

[rosschang]

And also will move to Johor. Rent.

And continue to work in Singapore.

Good Idea.

Go buy one property in iskandar.

 

[AcquiT]

12yrs more to draw out cpf

Then parked to somewhere generate 3-5% hopefully monthly got 3-5k used as expenses

Continue my relax sidelines 1-2k

Without touching my capital and savings then at 65 draw monthly frs to add on

 

[evildoer]

Oh yeah 3 months before your payout

there is 3 plans for you to choose

1. Standard Plan (A fix amount for life, i think once u reach 80 or 90 , i can't remember which age, ur bequest fund will be empty)
2. Basic (less monthly payout about 100 to 200 lesser, but more bequest fund (can be up to 100,000 different from standard plan)
3. Escalating (I think the payout grew buy 2% each year .. until some amount , can't remember. )

i think standard is best for single , unless u like to leave something for someone or escalating plan if u still wish to work.

CPF life payout can also postphone to 70 year old.. the payout will grew 6% each year


u all also do your own research my info may be outdated or figure is not correct

 

[evildoer]

How much passive income enough to quit/retire ? $5k

Tiagong a certain influencer guitarist claims gen x don't want to retire ~ else life no meaning will bored to death.

How much it's enough to quit , really depend on your expense.. how much are u using a month when working ? Do you spend more on the weekend ? then u can agar agar.. usually is more or same than when u are working.. Learn something when u retire.. a musical instrument.. get back to building gundam, play the lastest fifa games.

 

[evildoer]

anyone know if there is suitable part time job between 55-65. which no need to stand too much.. injury when i was young.. will get pain for standing and walking too long

 

[artncraft]

anyone know if there is suitable part time job between 55-65. which no need to stand too much.. injury when i was young.. will get pain for standing and walking too long

Telemarketing for insurance and property agents.

 

[hmyoth]

anyone know if there is suitable part time job between 55-65. which no need to stand too much.. injury when i was young.. will get pain for standing and walking too long

I think don’t have . All job for seniors are **** job low pay. Either u do it to kill time or just forget about work n find some activities to keep u occupied.

 

[evildoer]

Telemarketing for insurance and property agents.

property agent need to walk a lot... worh and i find it very stressful

 

[evildoer]

I think don’t have . All job for seniors are **** job low pay. Either u do it to kill time or just forget about work n find some activities to keep u occupied.

then i am going to work my current job until 60 then retired

 

[artncraft]

property agent need to walk a lot... worh and i find it very stressful

You misunderstood "telemarketing".

 

[jumpthepig]

everyone know we are the most no nonsense , hardworking bunch.

Approaching retirement soon, ur have FRS and fully paid flat / condo or whatever..

Do you plan to hold on to your stressful job until 55 or 65 ? or change to a very sin lang job ? or fully retired ?

sin lang job - only available if being your own boss.….

 

[jumpthepig]

Try sem-retirement first.
do abit Of work to stimulate brain and social interaction.

else

whole day stay at home watch netflix will become dementia. Nothing to stimulate the brain.

Many things to do beside watch netflix only…

 

[pohw0008]

moi plan to LEEtire at moi age at 55, reaLEE reaLEE, hopefuLEE able to LEEtire in few years time

You are 4 years to LEEtire?? That's so soon..