KiasuParents - Parenting in Singapore

I personally think a second property is the way to go... not to flip and flip, but to hold as LT investment, and perhaps sell when the market is good. Then hold the profits, and buy again when market dips.

Perhaps this is why our property market is spiralling - got dd for 2 properties per resident haha. I believe investing well means making use of money well. Of course must be careful to tread the line carefully, otherwise can end up being mastered by money instead of being it's master.

On retirement, I would say my aim is not to rely on my kids. having my parents rely on me, I know how difficult that can be for the supporting children, so I intend to be responsible, and finance my own retirement.

Though that might be tough since I'm sandwiched between providing for my parents and my kids now, I believe that that's the right way to go.

Filial piety need not be measured in dollars and cents. I'd rather have the ability to tell my kids that they have the freedom to do what they want with their money, to take care of their own family (will not get any cheaper with time) and to give away the excess.

In my retirement, I don't intend to live lavishly, or take the opinion of 'reaping the fruits' of a lifetime of hard work through fancy holidays or daily feasting, or be disappointed if I cannot do so. I hope to have a meaningful retirement, where I am actively engaged in work that I believe in, probably at a slower pace, since physically might not be able to work at the same rate as now! and hopefully to have time and energy to invest in nurturing grandchildren if any. Gotta keep the mind alive.

ks2me wrote:

tankee wrote: KSP can strive to be bought by some big company too but IMHO, need more work.

In your opinion, what work is required?

but here leh

maybe we should start a dedicated thread on this?

tankee wrote:

ks2me wrote:

tankee wrote: KSP can strive to be bought by some big company too but IMHO, need more work.

In your opinion, what work is required?

but here leh

maybe we should start a dedicated thread on this?

Pls do if you plan to lor li lor soh on the topic...

caroline3sg wrote: Public hosp's queue is very long. How about B2 under pte hosp? I bought mine & children's from GE using medisave.

Yes if you go in as a subsidized patient, the queue is very long.

In my father's case, we saw the doctor at SGH first as a private patient, we got an appointment within a few days. We have to pay private rates for the first visit. The doctor decided that my father had to operated on immediately. At first I was very worried because he was a private patient. The doctor told us that we were free to choose any class ! We chose B2 class and was converted to subsidized patient. Thank goodness for the government. My father was operated on by the head of department, and he received the best possible medical care that any amount of money can pay for. He fully recovered and returned home after 2 months.

I believe that if the condition is critical, the hospital will convert the patient from private to subsidized. SGH will not 见死不救.

For my kids, I bought insurance covering A class in private hospital from GE. My boy was hospitalized at Mount Alvernia before, staying in single bed room, and we were able to claim back most of the medical expense.

We are able to get the best plans for the kids because the premiums are very affordable for young children. For elderly, insurance covering A class in private hospital is very very expensive.

http://www.haveaplan.com.sg/retirementcalculator.php

Anyone tried this calculator?

I find it very weird that why the holiday expenses and living expenses is calculated per month

Do I go holiday every month? Living expenses spend on what? Thought only bills for electricity, housing insurance and water? After calculated I go with the amount for retirement.

tamarind wrote:

caroline3sg wrote: Public hosp's queue is very long. How about B2 under pte hosp? I bought mine & children's from GE using medisave.

Yes if you go in as a subsidized patient, the queue is very long.

In my father's case, we saw the doctor at SGH first as a private patient, we got an appointment within a few days. We have to pay private rates for the first visit. The doctor decided that my father had to operated on immediately. At first I was very worried because he was a private patient. The doctor told us that we were free to choose any class ! We chose B2 class and was converted to subsidized patient. Thank goodness for the government. My father was operated on by the head of department, and he received the best possible medical care that any amount of money can pay for. He fully recovered and returned home after 2 months.

I believe that if the condition is critical, the hospital will convert the patient from private to subsidized. SGH will not 见死不救.

For my kids, I bought insurance covering A class in private hospital from GE. My boy was hospitalized at Mount Alvernia before, staying in single bed room, and we were able to claim back most of the medical expense.

We are able to get the best plans for the kids because the premiums are very affordable for young children. For elderly, insurance covering A class in private hospital is very very expensive.

Just got pay notice of payment from aia for the healthshield and rider..., wow the premium really went up a lot.....

Dreamgear wrote: Just got pay notice of payment from aia for the healthshield and rider..., wow the premium really went up a lot.....

you jump into the next age group?

Imami wrote:

Dreamgear wrote: Just got pay notice of payment from aia for the healthshield and rider..., wow the premium really went up a lot.....

you jump into the next age group?

Same age group.... Told me changes made by govt = higher premium....

Dreamgear wrote:
Same age group.... Told me changes made by govt = higher premium....

More coverage? My premium also higher but cover more, some of which I find not useful.

http://asingaporeanson.blogspot.sg/2012 ... etire.html

Came across this blog. Just sharing.