The RETIREMENT thread

[OverTheCounter]

50 years old can retire already?

Retirement is when you work because you want to and not because you have to.

 

[johnny333]

50 years old can retire already?

Depends on whether you have been saving for retirement & what you expect out of retirement.

 

[po2wq]

50 years old can retire already?

depends on whether u intend 2 peddle porn on net anot ...

 

[looneytan]

depends on whether u intend 2 peddle porn on net anot ...

Hoi! you young punk go and play outside, this is for old people to discuss ways to fux off

 

[Equalisation]

Turn on the radio ?

 

[Equalisation]

some secret for making the time stand still ?

 

[Equalisation]

And somewhere, sometime from now ....:o

 

[po2wq]

And somewhere, sometime from now ....:o

sumwhere ...

out there ... bneath ze pale moonlite ...

 

[Liquigas]

Retirement is when you work because you want to and not because you have to.

When one is working and receiving earned income it is not retirement. Passive income such as dividend and rental income are OK. To me a retired person would not have to attend meeting with business associates or travelling overseas for business trip.

 

[xxkiwi]

agree... financial independence is the key.
It really also depends on onces desire on lifestyle, no or very liability is very important and with some passive income and savings enough to run thru the years.

I retired well before 50. You can retire at any age once you have achieved financial independence.

 

[Leongsam]

no or very liability is very important and with some passive income and savings enough to run thru the years.

You're stating the obvious. Having sufficient passive income and assets is what defines financial independence.

If you don't have sufficient passive income and savings then you are not financially independent.

 

[OverTheCounter]

You're stating the obvious. Having sufficient passive income and assets is what defines financial independence.

If you don't have sufficient passive income and savings then you are not financially independent.

And Singapore is the easiest place in the world to achieve financial independence.

If not for my silly mistake I made a decade ago, today I would be financially independent using just half the grey matter I have.

The government of Singapore makes it so bloody easy to achieve our life's goals.

 

[Equalisation]

You're stating the obvious. Having sufficient passive income and assets is what defines financial independence.

If you don't have sufficient passive income and savings then you are not financially independent.

Agree.

Passive income gives you boundless opportunities to be active !:o

 

[tonychat]

Agree.

Passive income gives you boundless opportunities to be active !:o

err...by the way...cpf is not passive income..in case you dunno.

 

[Equalisation]

err...by the way...cpf is not passive income..in case you dunno.

Stupid dumbfart imported aussie failure !! :oIo:

Heard U lost your job there few years ago!:o

 

[looneytan]

err...by the way...cpf is not passive income..in case you dunno.

Stupid dumbfart imported aussie failure !!

Heard U lost your job there few years ago!:oIo:

now cleaning tables at Plaza Singapura food court :oIo:

 

[Equalisation]

At our vintage, we have to sing : Ooohhh .... heaven is a place on earth !!!:p

 

[winners]

Retirement to me means:

No more financial commitment to the banks. All your properties are fully paid.
Getting monthly passive incomes from the rental of your properties and annual dividends from stocks and shares.
Reward yourself with a slower and less hectic life to enjoy what you have been missing during your younger years when you had struggled to earn your keep.
Not having to worry if there'll be food on the table tomorrow.
Finally, don't show off and be too spendthrift, otherwise, you'll likely to squander away all your savings in no time and soon, it can become a disaster.

 

[STUCK_HERE]

What if I don't have anything hobbies or 2nd career to do? I have some but not fully committed to it.

 

[Leongsam]

What if I don't have anything hobbies or 2nd career to do? I have some but not fully committed to it.

Once you've retired, you can commit yourself fully to pursuits that you enjoy.