The Permanent Portfolio Strategy - A reasonable return low volatility Strategy

[sohguanh]

Tongue-in-cheek because of the everchanging retirement ages

The retirement age is not mandatory correct? If we at age 55 want to retire cannot? Don't think so. Just the SA,OA monies need to form the minimum sum to form RA to be later taken out at age 65 month by month? If after RA is funded any extra SA, OA you can take out. So when young before age 55 try to build up so you can retire early. Assume you have kids already earn their own monies or you are single. I think for me I will retire at age 55. Those want to work until age 63 can carry on.

 

[reddevil0728]

The retirement age is not mandatory correct? If we at age 55 want to retire cannot? Don't think so. Just the SA,OA monies need to form the minimum sum to form RA to be later taken out at age 65 month by month? If after RA is funded any extra SA, OA you can take out. So when young before age 55 try to build up so you can retire early. Assume you have kids already earn their own monies or you are single. I think for me I will retire at age 55. Those want to work until age 63 can carry on.

Increasing retirement age is good for people who wants to keep working and don’t want to retire. People don’t understand that, the purpose of it is to PREVENT companies from terminating employment of employees for the reason of age, even though they still want to work.

this is separate from the age one can withdraw money from cpf.

 

[sohguanh]

Increasing retirement age is good for people who wants to keep working and don’t want to retire. People don’t understand that, the purpose of it is to PREVENT companies from terminating employment of employees for the reason of age, even though they still want to work.

this is separate from the age one can withdraw money from cpf.

I am replying to the original reader about his tongue-in-cheek about the raising retirement age. As for your reason it is repeated so often by miw and other supporters so it should be understood by the original reader. If not you can tag him and show him your reason which is repeated to death reason actually.

 

[reddevil0728]

I am replying to the original reader about his tongue-in-cheek about the raising retirement age. As for your reason it is repeated so often by miw and other supporters so it should be understood by the original reader. If not you can tag him and show him your reason which is repeated to death reason actually.

I mean dunno why it has got to do with miw. Do you think a higher retirement age is bad?

 

[sohguanh]

I mean dunno why it has got to do with miw. Do you think a higher retirement age is bad?

Let's not try to topic sway from the original reader tongue-in-cheek comment. Your question will open up a can of worms which I feel needless to create as it has happened in other forum already.

 

[Opps-gal]

I mean dunno why it has got to do with miw. Do you think a higher retirement age is bad?

Is bad if high post people not leaving, newer people cannot promote?

 

[reddevil0728]

Is bad if high post people not leaving, newer people cannot promote?

If such people are that important, with or without retirement age, company will also want them to stay.

 

[sohguanh]

Is bad if high post people not leaving, newer people cannot promote?

This is normal. Before I start working I hear, after I started working for twenty plus years still there. Whether the high post ppl really got skills is besides the point. That is how it works in reality. Just strategize how you want out of your working career. For retirement age is 63 so you plan until that age if that is when you want to retire.

 

[reddevil0728]

This is normal. Before I start working I hear, after I started working for twenty plus years still there. Whether the high post ppl really got skills is besides the point. That is how it works in reality. Just strategize how you want out of your working career. For retirement age is 63 so you plan until that age if that is when you want to retire.

Yea the reality is also, if the person doesn’t bring any value to a for profit firm, their presence is also not going to be required for the long term.

anyway don’t have to be bogged down by the retirement age if you want to retire before that, is Up2u.

if you want to work longer than that, there is re-employment age which if criteria are satisfied, companies need to offer continued employment and can’t ask you to leave because of age.

 

[Overture1928]

The retirement age is not mandatory correct? If we at age 55 want to retire cannot? Don't think so. Just the SA,OA monies need to form the minimum sum to form RA to be later taken out at age 65 month by month? If after RA is funded any extra SA, OA you can take out. So when young before age 55 try to build up so you can retire early. Assume you have kids already earn their own monies or you are single. I think for me I will retire at age 55. Those want to work until age 63 can carry on.

Ok guys, I didn't expect the comment to be taken so seriously. But anyways, there are reasons why people are divided on this matter. Especially people who were earlier unprepared for the changes in some of these policies.

In a nutshell, SA isn't liquid as compared to many other forms of investment. Nonetheless, for it's form, it is rightly designed in this way because it is meant for retirement.

I do top-up my SA annually for that reason - 4% regardless of market conditions, that's pretty solid.

But of course, it isn't completely risk-free either. There could be changes in CPF policies too (Or if someday, a complete change of government). Although I don't see it happening in my lifetime, I wouldn't exclude it completely either.

Ultimately, it depends on the investment horizon and appetite for risk.

 

[reddevil0728]

Ok guys, I didn't expect the comment to be taken so seriously. But anyways, there are reasons why people are divided on this matter.

In a nutshell, SA isn't liquid as compared to many other forms of investment. Nonetheless, for it's form, it is rightly designed in this way because it is meant for retirement.

I do top-up my SA annually for that reason - 4% regardless of market conditions, that's pretty solid.

But of course, it isn't completely risk-free either. Ultimately, it depends on the investment horizon and appetite for risk.

Can share what do you mean by it isn’t risk free either?

what’s your definition of “risk free”? As it seems to differ from the typical definition of risk free

 

[Overture1928]

Can share what do you mean by it isn’t risk free either?

what’s your definition of “risk free”? As it seems to differ from the typical definition of risk free

Edited to include changes in policies or God forbid, change in government

 

[reddevil0728]

Updated to include changes in policy or God forbid, change in government

i see. then what would u consider a risk free investment?

 

[Overture1928]

i see. then what would u consider a risk free investment?

For the sake of discussion and my personal opinion - SSB is really decent.

But in reality I will say every investment comes with risk. Ultimately, it is down to risk appetite of individuals and the underlying value/rewards behind that risk.