tag:blogger.com,1999:blog-7944902213075756335.post8385859546882052606..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Why retirement is not an option for some people?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7944902213075756335.post-34459421230405684842018-08-19T21:51:52.789+08:002018-08-19T21:51:52.789+08:00Reader says...
Hello AK, recently did you read an ...Reader says...<br />Hello AK, recently did you read an article on CNA about one of the way for old people to not commit suicide is to work? <br />I see where the writer is coming from. <br />Keeping the mind engage, interacting with people etc. <br />However I can't help but feel sad that old liao still must work? <br />They should have a more relax life than working<br />What are your views?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8262498752802236992017-08-31T22:39:31.094+08:002017-08-31T22:39:31.094+08:00Reader:
I read your blog as much as possible ever...Reader:<br /><br />I read your blog as much as possible everyday trying to grasp the concepts that I have neglected or didn't even came to my mind...<br /><br />You recent blog that say "cannot retire" strikes me hard. I have been thinking to top up CPF for high interest, with the option to withdraw it at age 55...<br /><br />It's good that I started reading your blog and aware AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33761384558391065512017-08-31T09:55:07.149+08:002017-08-31T09:55:07.149+08:00Hi Ben,
Savings can be depleted. Unless we have p...Hi Ben,<br /><br />Savings can be depleted. Unless we have plenty, it might not be a good solution.<br /><br />For those who are willing to take on some risk, investing in some income generating assets is probably a good idea.<br /><br />For those who are more risk averse, getting a private annuity plan to supplement CPF Life once we have the ability to hit ERS is probably a good solution.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27888872361953078192017-08-31T06:38:36.049+08:002017-08-31T06:38:36.049+08:00Hi AK,
You are right. We can't depend solely ...Hi AK,<br /><br />You are right. We can't depend solely on CPF for retirement. There is an need to rely on other savings for worry-free retirement.<br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64909125633041680592017-08-30T23:27:10.157+08:002017-08-30T23:27:10.157+08:00Hi MSA,
The reason is because the first $30K rece...Hi MSA,<br /><br />The reason is because the first $30K receives 6% interest, the next $30K receives 5% interest and anything above the first $60K receives 4% interest.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86925417725601339492017-08-30T22:40:20.218+08:002017-08-30T22:40:20.218+08:00Hi AK71,
Have you ever wonder why when BRS requir...Hi AK71,<br /><br />Have you ever wonder why when BRS requires $83K and the payout is from $700 but FRS requires $166K and the payout is from $1280 not $1400? It seems like the return is reduced if you opt for FRS or ERS.MSAPersonalFinancehttps://www.blogger.com/profile/07324602380510522364noreply@blogger.com