View Full Version : Where do you plan to stay after retirement?
Just wondering where do most of you plan to stay after retirement? Stay in your condo with rental income, or HDB , if so in what size, studio for elderly or bigger? or do u plan to retire in a mm unit, or if fortunate, in a landed? or do u think u might retire overseas, if so in which country?
i believe retirement planning is important and hope to find out more about where my peers plan to retire in.
please contribute yr ideas...
Plan to retire in Singapore. Condo 1800 sq ft (not too small, not too big). Easy to upkeep without a live-in maid (may not be readily available by that time). No need to worry about the garden or hiring gardeners (also becoming an endangered species). Can lock it up and travel out of Singapore for weeks or months at a time.
princess_morbucks
23-09-13, 20:36
Plan to retire in Singapore. Condo 1800 sq ft (not too small, not too big). Easy to upkeep without a live-in maid (may not be readily available by that time). No need to worry about the garden or hiring gardeners (also becoming an endangered species). Can lock it up and travel out of Singapore for weeks or months at a time.
Wow sis 1800sq ft is big leh, esp if there are only 2 left in the home.
I also plan to stay in SG.
I hope to stay in a 2 +1 bedder somewhere in the east, near amenities.
Plan to retire in Singapore. Condo 1800 sq ft (not too small, not too big). Easy to upkeep without a live-in maid (may not be readily available by that time). No need to worry about the garden or hiring gardeners (also becoming an endangered species). Can lock it up and travel out of Singapore for weeks or months at a time.
Good for you! To be able to do that , you must have a lot of savings or passive income. Read of a few cases in salary.sg of people who stay in condo or landed having to downgrade to hdb for their retirement. Even the elderly lady who sold her terrace to me downgraded to a hdb. Congrats on your successful financial planning!
Wow sis 1800sq ft is big leh, esp if there are only 2 left in the home.
I also plan to stay in SG.
I hope to stay in a 2 +1 bedder somewhere in the east, near amenities.
In a condo too? If I do retire in Singapore, prob will do so in my mm unit but hubby wants a bigger space, hopefully , if price falls in future, can do so.
I think many might be thinking of retiring in a hdb flat but feel embarrassed to say it in an open forum. There are many hdb millionaire retirees so there is no need to feel shy. I sometimes feel maybe it is a wise choice too, cheaper and save on mthly maintenance.
If people can afford, probably not HDB because:
-Estate maintenance problems
-hygiene problems
-pest control problems
-security problems
-If you have a car, maintenance not really cheap anymore.
I think many might be thinking of retiring in a hdb flat but feel embarrassed to say it in an open forum. There are many hdb millionaire retirees so there is no need to feel shy. I sometimes feel maybe it is a wise choice too, cheaper and save on mthly maintenance.
Retire in Arcachon. Drink wine,eat cheese and the bread.
Retire in Arcachon. Drink wine,eat cheese and the bread.
Good idea. Beautiful place.
Plan to retire in a 2 br condo, about 700 sq ft, reasonably good location and near mrt so no need to drive. Nice to be near big garden or park. Can't really stay in a mm. Rent out my current condo for passive income.
Retire in puteri harbour
ha ha, u read my other thread right? or do u really intend to retire there?
Singapore is still the best. Only if you can afford it.
Retire and spend half the time in singapore home and the other half in overseas home with rental income of properties in Singapore. :D
blackjack21trader
24-09-13, 09:07
I plan to retire in a HDB studio or HDB new 2 bedder. Pungool looks like a good place for fishing. I will park my Yatcht at the seafood retuarant there and my new Bentley in the HDB multi-storey carpark . I will employ a Cisco guard to guard at my HDB corridor and my driver will guard my Bentley in the carpark.
Good Luck:)
Retire in Arcachon. Drink wine,eat cheese and the bread.
is that a place in france? nice, good life. used to learn french for o level but now mostly forgotten leow.
Singapore is still the best. Only if you can afford it.
so where do u intend to retire in?
i will move back to my hdb to stay
rent out existing condo
for convenience, nothing beats HDB living. and my HDB got better location than my condo. haha.
Wow sis 1800sq ft is big leh, esp if there are only 2 left in the home.
I also plan to stay in SG.
I hope to stay in a 2 +1 bedder somewhere in the east, near amenities.
Sis you are making me feel regretful that I didn't buy the 2-bedder at Archipelago. Only bought the MM there. At the time, I didn't expect so many CMs to come along after that.
astroboy8681
24-09-13, 10:50
Just wondering where do most of you plan to stay after retirement? Stay in your condo with rental income, or HDB , if so in what size, studio for elderly or bigger? or do u plan to retire in a mm unit, or if fortunate, in a landed? or do u think u might retire overseas, if so in which country?
i believe retirement planning is important and hope to find out more about where my peers plan to retire in.
please contribute yr ideas...
interesting thread.... i definitely opt to retire in a minimum 2-bedder in the east, spend quality time with wifey like travelling, go for enrichment classes, drive around for nice food and spend more time with children/grandchildren/great-grandchildren...
no pun intended... the last i want is to be alone, single, narrow-minded, 4 walls with only a war screen and keyboard to match :D hahaha
i want to stay in different countries for 3-6 months with my rental cover my stay in overseas....
I will go back to my Motherland and stay in Central China - cheaper but colder...
i want to stay in different countries for 3-6 months with my rental cover my stay in overseas....
good idea, like travelling rhe world...but must have a lot of moolah...
Planned to retire in a cluster house at Seletar, but feel a bit remote.
I want to retire in my wife home town of bangka island. Fresh air, fresh food, hopefully can grow to healthy old age.
http://worldislandparadise.com/wp-content/uploads/2010/12/6l65rado4oqsq-8hPTWux5tc4-image.jpg
Where is Bangka island? Indonesia?
Where is Bangka island? Indonesia?
http://indahnesia.com/Images/Information/SUM/SUM_clickable_map.png
The map mis spelled bangka with "bankga"
I want to retire in my wife home town of bangka island. Fresh air, fresh food, hopefully can grow to healthy old age.
http://worldislandparadise.com/wp-content/uploads/2010/12/6l65rado4oqsq-8hPTWux5tc4-image.jpg
The beach looks beautiful, relaxing and sure to help lower blood pressure and help you grow to a healthy old age. it must be so wonderful to have this kind if view everyday. do u plan on a beachfront house?
The beach looks beautiful, relaxing and sure to help lower blood pressure and help you grow to a healthy old age. it must be so wonderful to have this kind if view everyday. do u plan on a beachfront house?
Actually I wish to live at the town center, full with conveniences and human interactions.
East Lover
24-09-13, 13:43
It's my plan too! :p My hubby and I will start our long stay in diff countries within 8-10 years :cheers4:
i want to stay in different countries for 3-6 months with my rental cover my stay in overseas....
East Lover
24-09-13, 13:45
Actually it's good and critical for old ppl to stay in the city, more human ineractions will keep one active... :cheers1:
and of course... nearer to medical centre is also necessary when getting oldder :D
Actually I wish to live at the town center, full with conveniences and human interactions.
Actually it's good and critical for old ppl to stay in the city, more human ineractions will keep one active... :cheers1:
and of course... nearer to medical centre is also necessary when getting oldder :D
that is probably why JLD is of interest lately. Ringo keep talking about the JLD transformation with huge hospital and multi malls around sure keep many human interactions ....;)
princess_morbucks
24-09-13, 13:50
I want to retire in my wife home town of bangka island. Fresh air, fresh food, hopefully can grow to healthy old age.
http://worldislandparadise.com/wp-content/uploads/2010/12/6l65rado4oqsq-8hPTWux5tc4-image.jpg
Wow, looks like the blue lagoon!
But what about access to medical care?
Is there any hospital nearby?
not familiar with other country places, so SG is my place to retire, hope able to stay in a landed with pond to make me busy:)
Wow, looks like the blue lagoon!
But what about access to medical care?
Is there any hospital nearby?
with this kind of atmosphere, how can you fall sick:D
not familiar with other country places, so SG is my place to retire, hope able to stay in a landed with pond to make me busy:)
how to retire by staying in landed ?
You've got to take out few hundred monthly to trim the grass and wash the pond away from algae
Wow, looks like the blue lagoon!
But what about access to medical care?
Is there any hospital nearby?
There is a local hospital. But for best medical treatment better fly back to sg through batam or Jakarta.
princess_morbucks
24-09-13, 14:27
how to retire by staying in landed ?
You've got to take out few hundred monthly to trim the grass and wash the pond away from algae
Can.
Rent out the rooms to young foreign students and be their guardian.
Can.
Rent out the rooms to young foreign students and be their guardian.
But no quality of life since you sacrifice your privacy...
how to retire by staying in landed ?
You've got to take out few hundred monthly to trim the grass and wash the pond away from algae
same as those staying in condo, have to fock out for maintenance fee too
I plan to retire young, ideally below 45yo.
hmmm ... I shd be staying in my condo.
but when I get really old & dying :D I will sell away all my ppty n rent condo.
I plan to retire young, ideally below 45yo.
hmmm ... I shd be staying in my condo.
but when I get really old & dying :D I will sell away all my ppty n rent condo.
I think I will leave my properties to my ungrateful chewren when its time to kick the bucket.
I retired 3 years back and sharing my experience.
We wanted to retire in Penang, but could not go ahead as need to support the aged parents here. Also, there is short of good seafood and fruits there.
I love the my retirement home. There are many considerations in choosing one.
1. cannot have staircase, leg / knee problems when you are old
2. near to the market, supermarket, marketing is about 3 times a week
3. conveniently located with lots of buses...I don't see the real need of MRT
4. Need not be too big, otherwise slave to the house.
5. if there are two only, 1000 sf will be ideal. But if you are staying with aged parents or grandchildren, need bigger size.
6. Must be a condo, with good space, garden and pool. This is life style you wish to have
7. at the East, walking to the ECP, better air and lots of good food around
In fact, I spent much more after retiring, much more on the life style.
Actually, why are so many people pessimistic about retiring? Are your living expenses really so high that you have to drastically down grade your home? Once the home is paid up, the kids have finished tertiary education, you stop work, you don't need 2 cars or even 1 car if near the MRT. You can also send the maid home if there are no kids/grandkids staying in. If kids/grandkids stay, you should charge them a share of the household bills (utilities/maid etc). You will have more time to do your own cooking/baking (home cooked food healthier than eating out). Holidays - when you are older, the expensive holidays will be out of your league, you can no longer go skiing or anything over-adventurous.
East Lover
24-09-13, 17:34
I totally agreed with you!
but not many ppl can stay so near and walk to ECP :D
I retired 3 years back and sharing my experience.
We wanted to retire in Penang, but could not go ahead as need to support the aged parents here. Also, there is short of good seafood and fruits there.
I love the my retirement home. There are many considerations in choosing one.
1. cannot have staircase, leg / knee problems when you are old
2. near to the market, supermarket, marketing is about 3 times a week
3. conveniently located with lots of buses...I don't see the real need of MRT
4. Need not be too big, otherwise slave to the house.
5. if there are two only, 1000 sf will be ideal. But if you are staying with aged parents or grandchildren, need bigger size.
6. Must be a condo, with good space, garden and pool. This is life style you wish to have
7. at the East, walking to the ECP, better air and lots of good food around
In fact, I spent much more after retiring, much more on the life style.
Most important, retire healthy and happily
Most important, retire healthy and happily
Yes, with a happy family and wonderful friends around......
is that a place in france? nice, good life. used to learn french for o level but now mostly forgotten leow.
http://en.wikipedia.org/wiki/Arcachon
https://www.google.fr/search?q=Arcachon&rls=com.microsoft:en-US:%7Breferrer:source%3F%7D&oe=UTF-8&rlz=1I7ADFA_enFR480&gws_rd=cr&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi&ei=qWNBUoyCB-aN7QazuIGwCg
This is where I stay for the last 3 yrs.
http://goo.gl/maps/cmm5d
http://www.bloomberg.com/news/2013-09-23/why-100-000-salary-may-yield-retirement-flipping-burgers.html
This sound very depressing.... We could be dead before we even start living. Learn to live, really live I mean. and it doesn't matter where or when you would retire.
Retire here? :D
http://farm4.staticflickr.com/3787/9914383844_a2bc6deb75_b.jpg (http://www.flickr.com/photos/83477613@N08/9914383844/)
IMG_8654 (http://www.flickr.com/photos/83477613@N08/9914383844/) by AzeoP (http://www.flickr.com/people/83477613@N08/), on Flickr
http://farm8.staticflickr.com/7336/9914385314_5e0a025471_b.jpg (http://www.flickr.com/photos/83477613@N08/9914385314/)
IMG_8614 (http://www.flickr.com/photos/83477613@N08/9914385314/) by AzeoP (http://www.flickr.com/people/83477613@N08/), on Flickr
http://farm6.staticflickr.com/5515/9914332745_2a151f8042_b.jpg (http://www.flickr.com/photos/83477613@N08/9914332745/)
IMG_8745 (http://www.flickr.com/photos/83477613@N08/9914332745/) by AzeoP (http://www.flickr.com/people/83477613@N08/), on Flickr
http://farm3.staticflickr.com/2813/9914366756_9610f13f8f_b.jpg (http://www.flickr.com/photos/83477613@N08/9914366756/)
IMG_8754 (http://www.flickr.com/photos/83477613@N08/9914366756/) by AzeoP (http://www.flickr.com/people/83477613@N08/), on Flickr
:ashamed1:
One of the biggest impediments to building our retirement fund is the high cost of owning a car in Singapore. If you have to put down a hefty deposit for a car in your early 30s, that's money that could have gone into investments. The car is a depreciating asset so you gain nothing long term from owning it. :simmering:
Move in to Penthouse unit in Sengkang in 2 yrs time when TOP. Hope to retire in 10yrs time with all properties fully paid.
Move to 2bedder in Pasir Ris at 65yrs old or when 2kids have their own nests.
Passive income from HDB, Penthouse and industrial units. Hope to be healthy enough to be able to travel frequently. Not much holiday for now, got work hard to pay for the properties.
May my plan comes true earlier. :):santana::santana:
One of the biggest impediments to building our retirement fund is the high cost of owning a car in Singapore. If you have to put down a hefty deposit for a car in your early 30s, that's money that could have gone into investments. The car is a depreciating asset so you gain nothing long term from owning it. :simmering:
so frankly dont own a car. Coz I dont see the car as a must hav.
people just need to get their priorities right.
i hope to retire in a mm at the marina or new downtown area :)
by then maybe (hopefully) our train system will be better and i can go to places by train. even visit friends or relatives at iskandar area by train (if place takes off in big way and more people retire there as some forummers here predicted).
i still prefer staying at singapore :)
One of the biggest impediments to building our retirement fund is the high cost of owning a car in Singapore. If you have to put down a hefty deposit for a car in your early 30s, that's money that could have gone into investments. The car is a depreciating asset so you gain nothing long term from owning it. :simmering:
yeah i made these mistake:(should have join this forum 10 years ago...
I plan to retire young, ideally below 45yo.
hmmm ... I shd be staying in my condo.
but when I get really old & dying :D I will sell away all my ppty n rent condo.
Glad to find someone who also wants to retire young....you sound like you r single though, planning on marriage and kids? That will affect your financial planning.
yeah i made these mistake:(should have join this forum 10 years ago...
You r like me, stay in landed and drive car but how do u plan to finance your retirement income? I also feel like selling my car sometimes but don't know if will get used to it or not cause have a car since young, previously dad drove and also paid for my car when I was in uni.
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.