Share your retirement strategy

[allways]

hahaha you shld have CPF Life to last till then lor, then be frugal, now savings account also earn quite high interest rate lor so money make more money then dun spend more than the interest u earn lor, hahaha, surely u have got other assets giving u "income" to spend lor, hahaha

CPF Life option is an idiotic one. I am quite happy with current minimum sum scheme. I am deferring my payout of $750 to mid 2017 and by then my payout would be $1,062. Besides having an RA, I am thinking how to increase my SA balance which pays 4% so that annual interest from OA and SA would give me more than 1k per month.

 

[wts2013]

CPF Life option is an idiotic one. I am quite happy with current minimum sum scheme. I am deferring my payout of $750 to mid 2017 and by then my payout would be $1,062. Besides having an RA, I am thinking how to increase my SA balance which pays 4% so that annual interest from OA and SA would give me more than 1k per month.

hahaha just saw your age, u are lucky to be "exempted" from CPF Life lor, moi will not bother with SA at your age cos 4% is not guaranteed with this route, just topup your RA to earn more than 4% guaranteed if there is a way, that will also increase your payout lor hahaha

 

[frenchbriefs]

Precisely the point. The years of upbringing or environment has made the man, the mold is formed. How to break free? What is the key to Happiness?

i just discovered the meaning of life on youtube!!!

 

[microtek]

Aim for 2 properties, 1 HDB and 1 condo, 1 to stay and the other to rent out. The rest invest in various high dividend stocks or on another property to rent out if you have extra. Don't depend only on CPF Life for retirement as it's barely enough to get by.

 

[Bedokian]

Aim for 2 properties, 1 HDB and 1 condo, 1 to stay and the other to rent out. The rest invest in various high dividend stocks or on another property to rent out if you have extra. Don't depend only on CPF Life for retirement as it's barely enough to get by.

Or for those who are more comfortable in having an investment portfolio, build a passive income machine from it to augment your CPF payout.

 

[allways]

Though I never will buy property in my, I plan to retire there in 2 or 3 years cause I will plan to move from state to state and outside the country. $1,062 from CPF RA and about $1k interest from OA and SA and rental of about $2k to $3k from my EC and not counting other passive income. Should be enough for 2 persons, not counting payout from other half. When less mobile, we will return to Sg which is in my opinion a good place for twilight years.

 

[focus1974]

Ok.. guys... I hope you all can give this some thought..
The reason why i advocate having more of your networth tied up in properties than equities/bonds..

What will your family do with your equities/bonds ,should you pass on(touch wood) or have a stroke or some unfortunate accident leaving you unable to make decisions? Would they be at a loss and panic and sell ? or would they just leave it running and take the dividends(would it be wise not to have someone manage it?).

Would it be easier for your family to rent out properties (of course, you highlight the illquid nature.. but... we talk about your family members who know nuts about equiteis/bnds)>

food for thought..

plan ur retirement portfolio in a way ..an idiot can take over and run it

 

[w1rbelw1nd]

Ok.. guys... I hope you all can give this some thought..
The reason why i advocate having more of your networth tied up in properties than equities/bonds..

What will your family do with your equities/bonds ,should you pass on(touch wood) or have a stroke or some unfortunate accident leaving you unable to make decisions? Would they be at a loss and panic and sell ? or would they just leave it running and take the dividends(would it be wise not to have someone manage it?).

Would it be easier for your family to rent out properties (of course, you highlight the illquid nature.. but... we talk about your family members who know nuts about equiteis/bnds)>

food for thought..

plan ur retirement portfolio in a way ..an idiot can take over and run it

Well I do educate my girlfriend (possibly wife) and my parents on my investment methods (passive etf investing)

Also, it doesn't help that I have been actively dissuading them to invest in properties due to my outlook of Singapore's growth. Lol

 

[Genosis]

Also, it doesn't help that I have been actively dissuading them to invest in properties due to my outlook of Singapore's growth. Lol

Tell me about it.....my parents are hell-bent on property investments too

They are still living in the boom boom years of the 80s & 90s....

 

[Bedokian]

Ok.. guys... I hope you all can give this some thought..
The reason why i advocate having more of your networth tied up in properties than equities/bonds..

What will your family do with your equities/bonds ,should you pass on(touch wood) or have a stroke or some unfortunate accident leaving you unable to make decisions? Would they be at a loss and panic and sell ? or would they just leave it running and take the dividends(would it be wise not to have someone manage it?).

Would it be easier for your family to rent out properties (of course, you highlight the illquid nature.. but... we talk about your family members who know nuts about equiteis/bnds)>

food for thought..

plan ur retirement portfolio in a way ..an idiot can take over and run it

Good points you have there. I think for those who just started on investing with 4 or 5 digit figures, best is to start with equities/bonds/commodities. IMO properties can be included once the portfolio reaches the high 6-digit figure.

Speaking of managing the investment portfolio when one is "gone", personally I am currently preparing a manual on investment of some sorts to be passed down to my family, which also includes my investment approaches and strategies.

 

[Genosis]

Ok.. guys... I hope you all can give this some thought..
The reason why i advocate having more of your networth tied up in properties than equities/bonds..

What will your family do with your equities/bonds ,should you pass on(touch wood) or have a stroke or some unfortunate accident leaving you unable to make decisions? Would they be at a loss and panic and sell ? or would they just leave it running and take the dividends(would it be wise not to have someone manage it?).

Would it be easier for your family to rent out properties (of course, you highlight the illquid nature.. but... we talk about your family members who know nuts about equiteis/bnds)>

food for thought..

plan ur retirement portfolio in a way ..an idiot can take over and run it

Do it the Warren Buffett way. This is his simple plan for his heirs.

"My advice to the trustee couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) I believe the trust's long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers."

So, in Singapore context, just buy STI etf and bond etf.

 

[Perisher]

Do it the Warren Buffett way. This is his simple plan for his heirs.

"My advice to the trustee couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) I believe the trust's long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers."

So, in Singapore context, just buy STI etf and bond etf.

I think need to include some world exposure, at least VUSD.

 

[w1rbelw1nd]

Speaking of managing the investment portfolio when one is "gone", personally I am currently preparing a manual on investment of some sorts to be passed down to my family, which also includes my investment approaches and strategies.

Haha, sounds like what I am intending to do, will include my interactive brokers username and password so they can liquidate e assets and transfer the money to Singapore to dodge estate tax Lol

 

[focus1974]

Good points you have there. I think for those who just started on investing with 4 or 5 digit figures, best is to start with equities/bonds/commodities. IMO properties can be included once the portfolio reaches the high 6-digit figure.

Speaking of managing the investment portfolio when one is "gone", personally I am currently preparing a manual on investment of some sorts to be passed down to my family, which also includes my investment approaches and strategies.

actually..investing in equities/bonds is not something we can pass down in a manual. It has to do with their emotions and ability to make analyze the investment and make the decision. It is definitely more complicated than property and i dont think a manual will suffice unless you have been hand holding them everytime you make investment decisions and they have been learning.

 

[Genosis]

actually..investing in equities/bonds is not something we can pass down in a manual. It has to do with their emotions and ability to make analyze the investment and make the decision. It is definitely more complicated than property and i dont think a manual will suffice unless you have been hand holding them everytime you make investment decisions and they have been learning.

Can consider setting up a trust or family office.

 

[w1rbelw1nd]

actually..investing in equities/bonds is not something we can pass down in a manual. It has to do with their emotions and ability to make analyze the investment and make the decision. It is definitely more complicated than property and i dont think a manual will suffice unless you have been hand holding them everytime you make investment decisions and they have been learning.

I agree on that. Property investment is not easy as well, they may get shortchanged by unenthical agents/tenants as well right?

Anyway, just like to highlight that property investment is very much subjected to personal income tax (for rental), stamp duties, and also interest rate risk (loan that you take up). These risk can be substantial... Let's see how property investors do when our growth slows down.

 

[highsulphur]

Discussing the equities vs properties with my wife now. Told her she needs to sell off my investment at IB, convert to sgd and transfer back to Singapore if anything happens to me. Her reply was "I'll be grieving and you still expect me to do such complicated things? "

 

[Perisher]

Discussing the equities vs properties with my wife now. Told her she needs to sell off my investment at IB, convert to sgd and transfer back to Singapore if anything happens to me. Her reply was "I'll be grieving and you still expect me to do such complicated things? "

Very simple, get a safe, tell her the password.

Say whatever you want on a piece of paper and put it in the safe.

 

[[M]aiev]

I think need to include some world exposure, at least VUSD.

Yeah, the growth is way much better.

 

[01asdf]

Very simple, get a safe, tell her the password.

Say whatever you want on a piece of paper and put it in the safe.

This seems to have gone offtopic from retirement to estate planning lol. Isn't that what wills and executors are for?