retirement

CPF ASKING RETIREES TO ACCEPT PAYOUTS FROM AGE 70?

After I wrote “CPF: “No action is required if you wish to start your payouts at age 70”?” (Sep 7) – one of my schoolmates from Raffles Institution called me to ask about a similar letter which his wife has just received – saying that she would receive $910 monthly from age 64, for 24 years – but that she would have to opt for it at cpf.gov.sg (no specific link address).

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BUYING A HDB FLAT IN S'PORE: SMART OR STUPID DECISION?

If you are buying arguably, one of the most expensive public housing (ratio of price to net income) in the world … If you may be putting a lot of your savings for retirement into your flat – leaving you with insufficient funds for retirement … If your flat’s value starts to decline when potential buyers perceive that it may be too old … If at the end of the day (99 years lease) – your flat may become worthless … Do you think you are “smart” or “stupid”?

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IS SELLING OF ONE'S HDB FLAT A GOOD WAY TO RETIRE & ENJOY LIFE?

So, in summary – does “A HDB flat is a “good store of asset value” for those who plan ahead and make prudent housing decisions”, arguably mean that one has either to downgrade to a tiny 2-room flat (assuming one is able to pay the resale levy) or give up the future equity and value of one’s flat in exchange for a lease of say 30 years and some money into one’s CPF?

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PAP MINISTER LAWRENCE WONG TRIES TO CONVINCE S'POREANS HDB SHOULD BE SOLD FOR RETIREMENT NEEDS

My last blog on choosing a HDB resale flat generated some discussion and debate. Let me share some additional perspectives. HDB flats, like many private properties, are sold on a 99-year lease. They provide a good store of asset value, so long as you plan ahead, and make prudent housing decisions. The general point is that your HDB leasehold flat is not only a good home, but also a nest-egg for future retirement needs.

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IF COST OF BEING S'POREAN GOES UNCHECKED, SG MAY LOSE TO MALAYSIA

I was in Langkawi from 12 to 15 February and spoke to about 10 people about life in general. In particular, I talked to a taxi driver who had worked in Singapore for about six years before returning to Langkawi. He said although he earns much less now as a taxi driver in Langkawi - about RM3,500 a month - he is much happier.

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8 TIPS ON HOW TO RETIRE BY 55 & ENJOY DECENT LIFE IN S'PORE

Many of us worked very hard all our lives. From Primary school all the way to the workforce, we worked hard. So it is natural that many of us want to retire at 55, the time when we can collect our CPF. How can we retire at 55? Here is the way. This shows everyone with a decent salary can save a lot but most people will overspend. They want a car, they want to employ a maid, they want expensive holidays, they want luxury bags, they gamble, they smoke, they drink, they party, etc. So it is not money not enough. Actually it is SPENDING TOO MUCH.

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