Catch 21 in life

[Yowe55 mini]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[Elfblade]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

To have a passive rental income from property investment = must have the cash to fully pay up for the unit. Not using rental income to minus off the mortgage loan = not much or nothing left. This is not called recurring passive income.

On the other hand, if the private Condo is fully paid for, owner will only have to worry about sinking fund and service charges aka condo maintenance fee which is due on a monthly basis. Even if the unit cannot rent out and left vacant for a couple of months also won't feel so pressure. Imagine cannot rent out for 6 months and you have 6 months of housing loan due! Lan Lan have to dig into savings to pay for the outstanding loan amount right?

 

[Pyromaster]

Go open a f&b

 

[kodomo80]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

TS got review your whole portfolio and revise exit strategy perhaps?

 

[rachoon]

then catch 22 lor

all in ur remaining money at mbs

 

[articland05]

coming from yowe55 ish kennot believe

 

[Yowe55 mini]

To have a passive rental income from property investment = must have the cash to fully pay up for the unit. Not using rental income to minus off the mortgage loan = not much or nothing left. This is not called recurring passive income.

On the other hand, if the private Condo is fully paid for, owner will only have to worry about sinking fund and service charges aka condo maintenance fee which is due on a monthly basis. Even if the unit cannot rent out and left vacant for a couple of months also won't feel so pressure. Imagine cannot rent out for 6 months and you have 6 months of housing loan due! Lan Lan have to dig into savings to pay for the outstanding loan amount right?

Dea Elfblade,

There is still recurring conservancy and maintenance charges. The MSCT charges these days are less forgiving and the impending GST revision adds complication to sustainability.

Property investment or game play changed and the merry go round is as long it lasts.

Are you optimistic the music continues for many more years ahead...

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[fandango]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

Simi lan is catch 21?

 

[Enola88]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

Can i ask what is your profession or trade ?

 

[Elfblade]

Dea Elfblade,

There is still recurring conservancy and maintenance charges. The MSCT charges these days are less forgiving and the impending GST revision adds complication to sustainability.

Property investment or game play changed and the merry go round is as long it lasts.

Are you optimistic the music continues for many more years ahead...

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

I have confidence to retire elsewhere and rent a unit there. Hopefully SG rental continue to rise so I can rent out my unit here, convert the SGD into the currency of my country of choice to retire.

Need SG to maintain strong currency and high price rental, confidence in the next Gen to continue this Rat Race! Lao Funker me will call it quit in 10 years time.

 

[Autumn.]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

u have just reminded me that i "known" you from this forum for 25 years .....

 

[Yowe55 mini]

Can i ask what is your profession or trade ?

Dear Enloa88,

I am jobless now and I am looking for generalist work.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[Laguna123]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

You don’t age is it? Like every year also 48yo?

 

[dereth]

Simi lan is catch 21?

I think he means he's in a catch-22 situation.

Just a wrong number. Like 10 years ago my Toto genna group 3 instead of group 1... because my quick pick's 3rd pick was 21 but the winning number was 22. Haiz.

 

[Ubi-Warrior]

Can i ask what is your profession or trade ?

CSB Artist?

 

[ksapple]

more interested in your retirement amount,

 

[Yowe55 mini]

I have confidence to retire elsewhere and rent a unit there. Hopefully SG rental continue to rise so I can rent out my unit here, convert the SGD into the currency of my country of choice to retire.

Need SG to maintain strong currency and high price rental, confidence in the next Gen to continue this Rat Race! Lao Funker me will call it quit in 10 years time.

Dear Elfblade,

I have explore the option that you shared however I have two boys and very much vested in Singapore. My situation is sticky.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[Yowe55 mini]

I think he means he's in a catch-22 situation.

Just a wrong number. Like 10 years ago my Toto genna group 3 instead of group 1... because my quick pick's 3rd pick was 21 but the winning number was 22. Haiz.

Dear dereth,

I am not using copilot to support my narration.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[enimen]

With 1 million is it enough to retire?

 

[Enola88]

Dear all,

I am 48 year old, and have retired last Dec thinking I would have sufficient for a graceful retirement. But I was wrong and made a few wrong life decision that impacted my retirement fund and planning.

Fast forward to the 3Q, 2025 my retirement fund has depleted more than 50% due to various reasons and bad decisions made over the course of months, I have had no choice but seeking active employment for past months but to no valid. Nevertheless I continue to search and send my resumes in hope to obtain a job interview at the very least.

Life is really a dilemma and full of entrapments - I wanted to be financial freedom and responsible; having passive income either through reits or property however the latter option seems non viable nor sustainable as the taxes, hidden costs and potential liability lingers. Though one may argue there's opportunity for capital gain but the mounting pressure of paying off the housing loan is too much for me, specifically under such circumstance as of moment.

On the other hand, if I am not pursuing the property long option I may run into a greater risk of pricing myself out for a long term housing roof for my children and family. Again, this is debatable as many of established experts and financial gurus would argue children can fend for themselves and it is perfectly fine to tank housing loans with Ali Baba maths from singapore scholars.

Perhaps I am thinking too much too far but I feel I am trapped in the catch 21 situation whereby I do not know what are the viable and sensible options available for me and my family for long term sustainability.

Are you in similar situation?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

Catch-404: Financial Plan Not Found

Dear Enloa88,

I am jobless now and I am looking for generalist work.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

Not too sure what kind of roles that covers, or which area.

Wishing you all the best in landing with the right job and working towards your retirement.