How much is enough for retirement in Singapore?

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.
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How much is enough for retirement in Singapore?

S$500K+
36
19%
S$1M to S$2M+
100
52%
S$3M to S$5M
35
18%
S$5M or more
20
10%
 
Total votes: 191

doodbug
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Re: How much is enough for retirement in Singapore?

Post by doodbug » Tue Oct 01, 2019 4:56 pm

I personally feel for Oxbridge, if the College provides accommodation for 3/4 years, it may be better for the student to live in College and immerse in it. London is a different story though.

SeongheeKim
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Re: How much is enough for retirement in Singapore?

Post by SeongheeKim » Sat Oct 12, 2019 4:05 pm

The Straits Times Book Club - MONEY SMART: Own Your Financial Destiny
https://www.nlb.gov.sg/golibrary2/e/STBCNOV

tckiang
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Re: How much is enough for retirement in Singapore?

Post by tckiang » Thu Oct 31, 2019 11:50 pm

Its never enough.

tckiang
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Re: How much is enough for retirement in Singapore?

Post by tckiang » Thu Oct 31, 2019 11:51 pm

Its never enough.

code thinking academy
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Re: How much is enough for retirement in Singapore?

Post by code thinking academy » Tue Nov 05, 2019 11:07 am

I think 50K is enough for me, as long as I have my favorite job :)


bluesky3000
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Re: How much is enough for retirement in Singapore?

Post by bluesky3000 » Sat Nov 09, 2019 6:13 pm

lee_yl wrote:
Fri Sep 27, 2019 10:33 pm
Cloud Cloud wrote:
Fri Sep 27, 2019 9:26 am
Property is illiquid. Especially during downturn. Took me almost 9 months to sell one property.

Cpf only start payout from age 65. Ideal to have annuity fund which start payout from age 50 or 55.

No money for annuity plan now. All thrown into property.
If one needs some cash for an emergency, can consider to remortgage the property to take out some cash while still selling the house in parallel (never mind if it takes 9 months to find a buyer).

Sudden termination of annuity plan to cash out the money, if I’m not wrong, will incur administrative charges and penalties. CPF Life does not allow for termination to cash out money, isn’t it also considered “illiquid”?

CPF Life is the only annuity plan backed by the our Govt. Am I right to say that no private annuity plan’s returns can beat CPF Life’s?

My money is also in property too. If I have extra cash, I will go for CPF Life Enhanced Retirement Sum.

I do not think I need another annuity plan to kick start when I’m 50yo as DH has no intention to retire that early.
I'm reading up with interest on how to retire and monetise property too for my parents and this article has some good summary on how. www.stuartchng.com/post/monetising-your ... retirement

SeongheeKim
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Re: How much is enough for retirement in Singapore?

Post by SeongheeKim » Sat Nov 09, 2019 8:56 pm


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