The RETIREMENT thread

[rushifa666]

most dont realise they fall sick BECAUSE of work. You dont feel the strain until you stop. Well, they have loans to clear so its a thrilling battle with death all the way to the finish line

 

[rushifa666]

here's a wonderful piece of data
http://en.wikipedia.org/wiki/List_of_statutory_minimum_employment_leave_by_country
see where we are. YOU ARE ALREADY OVERWORKED BY ANY STANDARD!
this is the holiday part, sinkie have only 10-11. minimum leave is 7. read and weep
http://www.news.com.au/finance/work...-public-holidays/story-e6frfm9r-1226734102848

 

[Equalisation]

here's a wonderful piece of data
http://en.wikipedia.org/wiki/List_of_statutory_minimum_employment_leave_by_country
see where we are. YOU ARE ALREADY OVERWORKED BY ANY STANDARD!
this is the holiday part, sinkie have only 10-11. minimum leave is 7. read and weep
http://www.news.com.au/finance/work...-public-holidays/story-e6frfm9r-1226734102848

Agree. More afternoon delights should be the way to relax in excitement.:o

 

[STUCK_HERE]

Afternoon delight is what?

 

[johnny333]

Never heard of Afternoon delight, then listen to this

[video=youtube;2NUkhMq_iRo]http://www.youtube.com/watch?v=2NUkhMq_iRo[/video]

 

[Equalisation]

Retirement goal includes good times roll !!:o

 

[STUCK_HERE]

I heard of this 66 yo guy who retired. His father gave him an office at park mall or something. In retirement, he goes to the office everyday to read newspaper. Can't let go his robotic ways.

 

[Leongsam]

I heard of this 66 yo guy who retired. His father gave him an office at park mall or something. In retirement, he goes to the office everyday to read newspaper. Can't let go his robotic ways.

It has nothing to do with robotic ways. It's to get some peace and quiet away from was once the love of his life who has morphed into the grumpy old lady they all become.

 

[Equalisation]

I heard of this 66 yo guy who retired. His father gave him an office at park mall or something. In retirement, he goes to the office everyday to read newspaper. Can't let go his robotic ways.

Macham like Mr Roberto domo arigato atau apa ?

 

[STUCK_HERE]

I went to a retiree club and all the people had silver hair and some came in wheelchair. I made a quick exit. Cannot gell.

 

[imperialarms]

All the retirees I know are bored out of their minds. End up playing stock market everyday.

 

[STUCK_HERE]

Yeah it can be boring but it beats going to office, having lousy meetings, looking at boss face...

 

[STUCK_HERE]

Playing the stock market? Won't that wipe out your retirement savings? One is so free, so she always look at the stocks and trying to earn more.

 

[jw5]

Playing the stock market? Won't that wipe out your retirement savings? One is so free, so she always look at the stocks and trying to earn more.

It will depend on how much she has initially, as well as how good she is at picking the right times to buy and sell, right?

 

[Clone]

Making big money should be boring, but u can set aside a portion of the money made to do exciting things. :o

 

[jw5]

Making big money should be boring, but u can set aside a portion of the money made to do exciting things. :o

Like having a son with ATB? :o

 

[Equalisation]

At our vintage, kalau boleh makan, jangan sar-yang !

 

[danteakc]

How do you work out the size of your nest egg?

Do the math based upon a 4% return after inflation and taxes. If you move to the right places or get a good accountant, taxes can be eliminated or reduced considerably.

For every $1,000,000 in productive assets, you should receive an income of $40.000 per annum so if you think you need $200,000 per year to support the lifestyle that you wish to enjoy, you need $5,000,000 in assets excluding the family home.

The family home does not count. It yields nothing. It is an overhead as long as you live in it.

If you want the lifestyle of the rich and famous, you'll probably need about $30 million or more. You then enter the realm of private yachts, chartered jets and fancy penthouses.

Less than $20 million and you're very comfortably well off but not really rich.

Remember that this thread is about achieving financial independence and not about becoming super wealthy. I emphasise this because I believe that just about anybody can achieve a target of $4 to 5 million. All it takes is willpower and perseverance. Becoming a billionaire is a different ball game altogether.

$20 million in like what 2040? Inflation hike so much?

 

[Leongsam]

$20 million in like what 2040? Inflation hike so much?

No $20 million in today's money. That's $40,000 x 20 at 4% after taxes = $800,000 per year income.

With this return, you can squander on trivial pursuits without having to worry too much about the consequences. However, you still are not $5 million yacht and $3 million private jet material.

 

[LeMans2011]

Leongsam speaks like one of the PAP MPs justifying why we need more money in cpf. Have 2 good properties, one for staying one for earning. Use the passive income from the 2nd property to finance your living plus earn more income. Dont be fooled by this PAP burger trying to make life seems extremely tough.