How you guys prepare for retirement?

[Redcapiscum]

Havent reach retirement yet. Nowadays started cutting down on expenses. I need to save more money and i set yearly goals to hit how much at the end of the year.
For next year cny i only got myself a brand new pair of sandals, for clothes i have previous purchase and some worn but new looking clothes, so no need to spend liao

 

[ramlee]

Save a lot, invest a lot

pay so low sexpenses so high how to safe?

 

[106gunner]

Is pathetic imagine Chiu serve ns and reservist and when you getting old and reach retirement Chiu can’t even live comfortably in your own country due to property and expenses push up by foreigners and new citizen nor can the govt take care of Chiu and have to look for alternative

 

[cosmothecat]

As in both of you n spouse?

Yes

both spouses of our family working, speeds up the retirement savings process faster

much faster to pay off housing mortgages too

 

[kage]

Seen my BIL late millionaire frd.. He is still working 2 weeks before he pass on.

Stay in private hospital... Nurse keep calling his family members cos he go missing... Coz he ran away and go hawker center eat CKT. He said no more time... Enjoy while it last.

Nice and fun guy.

it sounds sad and amusing at the same time. how old is he??

 

[ramlee]

buy multiple properties and have passive income

if only buy properties is as easy as going market to buy vegetables...

 

[Lchlch]

Yes

both spouses of our family working, speeds up the retirement savings process faster

much faster to pay off housing mortgages too

Good luck bro.
Yes save as much as possible.
For raining days too.
Need to work out daily monthly cash able to put the family thru when retire.

 

[cosmothecat]

Is pathetic imagine Chiu serve ns and reservist and when you getting old and reach retirement Chiu can’t even live comfortably in your own country due to property and expenses push up by foreigners and new citizen nor can the govt take care of Chiu and have to look for alternative

Even I felt the heat

previously we saved up sufficient amount that buying a big Japanese SUV is considered an easy expense item for us

now, with higher COE and car prices, we also find that it hits the retirement savings hard

 

[ramlee]

Keep up to date on prices of cardboard, newspaper, aluminium and other metals

can google ma?

 

[Lchlch]

Is pathetic imagine Chiu serve ns and reservist and when you getting old and reach retirement Chiu can’t even live comfortably in your own country due to property and expenses push up by foreigners and new citizen nor can the govt take care of Chiu and have to look for alternative

I fear how my kids going to survive too.

 

[fire]

Dunno what medical insurance Chiu talking about

But I know their medical there is cheap, some of their local either pay peanuts or totally free when they went to their so call polyclinic aka Gahmen hospital

Later I'm going to their private hospital, if possible I update est. cost

 

[ramlee]

Bro, invest in ? Can share?

buy dbs shares ba

 

[xdivider]

First thing. Preare to leave.....

 

[Lchlch]

Just dnt get caught off guard.
Must hv saving..

 

[Lchlch]

buy dbs shares ba

How to earn?
Yearly dividend pay out?

 

[ramlee]

Bro, I am facing financial crisis..

how come? you have a jod right?

 

[Lchlch]

how come? you have a jod right?

Yes without job, I am a dead parent.

 

[Lchlch]

Hv a reliable insurance agent to help you plot your retirement plan.

 

[HMAN]

my thoughts:-

1. hedge against cpf life with $100K in Bitcoin, 10 years time horizons .
expect 2x return. if hit 5x before 10 years period, cash out all.

instead of topping up RA account with 100K to reach ERS, above approach is way more effective.

prerequisites:- $100k is forgotten spare cash .



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[Hello_Kitty]

I intend to work till die ..

I've managed to secure a security officer license

same, i likely need to work till die