Do You Want To Retire Before 60 ?

[Throttle2]

https://vt.tiktok.com/ZSh76b5Xs/
 

the Truth is out

😱🤣🤣😁😁😂😎

dont flame me hor, @Ginyu also say

[Whale]

We used to retire at 55. Some countries still do that. People were generally happy. At 55, we start to do stuff that we never had time to do.

Now? A bit difficult. Why?

1) Government killed the kampong spirit living conditions with more privacy, neighbours hardly know one another anymore.

2) Government raised CPF withdrawal age n retirement age so no more kopi kakis who're 55. Everyone's working till 65. No one to talk to.

3) Children follow spend money trend, buy house n move out, employ maids move in, pay child care, etc. This depletes savings n postpone retirement. Retire only see maid. Want to take care of grandchildren also difficult. Don't work also cannot.

4) Wives also go out to work, so retire at 55 also no one at home.

5) Inflation makes things worse. Savings shrink by 30-40% now really gotta work. Scared not enough if fall sick.

6) Government doesn't want social costs so say everyone need to work to 70 now... even sell the reskilling koyok. They say it's to make us more productive. Actually it's to reduce social costs. Poor Singaporeans got no life, gotta work till give back IC, so bluff ourselves by going tours to get breaks.

This not a good trend.

[Whale]

 

5) Inflation makes things worse. Savings shrink by 30-40% now really gotta work. Scared not enough if fall sick. Govt subsidies not enough for real sicknesses. Medical fees high, actually solution here is control how much doctors n surgeons charge Singaporeans rather than let market determine prices. Why are we helping to pay doctors n surgeons condo n landed properties?

Edited May 24 by Whale

[Throttle2]

On 5/24/2025 at 9:02 AM, Whale said:

We used to retire at 55. Some countries still do that. People were generally happy. At 55, we start to do stuff that we never had time to do.

Now? A bit difficult. Why?

1) Government killed the kampong spirit living conditions with more privacy, neighbours hardly know one another anymore.

2) Government raised CPF withdrawal age n retirement age so no more kopi kakis who're 55. Everyone's working till 65. No one to talk to.

3) Children follow spend money trend, buy house n move out, employ maids move in, pay child care, etc. This depletes savings n postpone retirement. Retire only see maid. Want to take care of grandchildren also difficult. Don't work also cannot.

4) Wives also go out to work, so retire at 55 also no one at home.

5) Inflation makes things worse. Savings shrink by 30-40% now really gotta work. Scared not enough if fall sick.

6) Government doesn't want social costs so say everyone need to work to 70 now... even sell the reskilling koyok. They say it's to make us more productive. Actually it's to reduce social costs. Poor Singaporeans got no life, gotta work till give back IC, so bluff ourselves by going tours to get breaks.

This not a good trend.

 

Another one speaking the simple truth and reality of today.

However, there is a cost for advancement and development and for Singapore to be what it is today.  And there is no going back, we must realise

I believe that whoever governs needs to fully understand that chasing advancement always comes with consequences. Some consequences are greater than others and can "kill" the country.    Born and bred Singaporeans are headed towards extinction, if we continue like this, make no mistakes. 

I believe that within the next decade or so we will be no more than 50% of the population.  As it stands, we are barely 60%.   

Haiz..........

 

  

 

Edited May 24 by Throttle2

[Ginyu]

On 5/24/2025 at 9:02 AM, Whale said:

We used to retire at 55. Some countries still do that. People were generally happy. At 55, we start to do stuff that we never had time to do.

Now? A bit difficult. Why?

1) Government killed the kampong spirit living conditions with more privacy, neighbours hardly know one another anymore.

2) Government raised CPF withdrawal age n retirement age so no more kopi kakis who're 55. Everyone's working till 65. No one to talk to.

3) Children follow spend money trend, buy house n move out, employ maids move in, pay child care, etc. This depletes savings n postpone retirement. Retire only see maid. Want to take care of grandchildren also difficult. Don't work also cannot.

4) Wives also go out to work, so retire at 55 also no one at home.

5) Inflation makes things worse. Savings shrink by 30-40% now really gotta work. Scared not enough if fall sick.

6) Government doesn't want social costs so say everyone need to work to 70 now... even sell the reskilling koyok. They say it's to make us more productive. Actually it's to reduce social costs. Poor Singaporeans got no life, gotta work till give back IC, so bluff ourselves by going tours to get breaks.

This not a good trend.

Many are also living beyond their means which hinder their retirement. Things may be more expensive  but instead of going for cheaper alternatives,  they take up more more loan to buy the now more expensive stuff, cannot lose face. Credit bureau can attest to that. Singapore lang face value number one🤣

Edited May 24 by Ginyu

[Throttle2]

On 5/24/2025 at 2:24 PM, Ginyu said:

Many are also living beyond their means which hinder their retirement. Things may be more expensive  but instead of going for cheaper alternatives,  they take up more more loan to buy the now more expensive stuff, cannot lose face. Credit bureau can attest to that. Singapore lang face value number one🤣

Yes, and to that, many people hv mostly themselves to blame.  
in our generation and the generation before us, there were less distractions and people were simply more down to earth.  
values were conservative but yet forgiving and respect was given until broken.

Not anymore today. 
This is also why i dont sympathize or empathize with people who mess up due to their own poor mindset and mismanagement of their situation.

I would dare say, majority are living beyond their means which ultimately prevents their retirement as you say. And majority (not all) will then say that they dont want to retire to save face.   Over time, that becomes seen as the norm, just like everything else.  

At the end of the day, its their lives and its our lives, so we go our own way. 
 

my way 
 

[Stary]

On 5/21/2025 at 4:56 PM, Throttle2 said:

thats definitely Malaysia knowledge, exhibited by Stary..... 

err...... actually my impression on stabbing and knives incidents are based on recent local knowledge.

https://www.channelnewsasia.com/singapore/knife-crime-st-josephs-church-stabbing-mha-police-4841891

"There were 129 cases of murder, attempted murder, robbery, rioting and serious hurt involving knives from January to November 2024". 

"Between 2021 and 2023, there was an average of 133 cases a year."

    

[Throttle2]

On 5/24/2025 at 3:35 PM, Stary said:

err...... actually my impression on stabbing and knives incidents are based on recent local knowledge.

https://www.channelnewsasia.com/singapore/knife-crime-st-josephs-church-stabbing-mha-police-4841891

"There were 129 cases of murder, attempted murder, robbery, rioting and serious hurt involving knives from January to November 2024". 

"Between 2021 and 2023, there was an average of 133 cases a year."

    

133 case a year so 1 case about every 3 days……   But in SG, probably more are siao lang cases not robbery. 

[Ginyu]

On 5/24/2025 at 2:54 PM, Throttle2 said:

Yes, and to that, many people hv mostly themselves to blame.  
in our generation and the generation before us, there were less distractions and people were simply more down to earth.  
values were conservative but yet forgiving and respect was given until broken.

Not anymore today. 
This is also why i dont sympathize or empathize with people who mess up due to their own poor mindset and mismanagement of their situation.

I would dare say, majority are living beyond their means which ultimately prevents their retirement as you say. And majority (not all) will then say that they dont want to retire to save face.   Over time, that becomes seen as the norm, just like everything else.  

At the end of the day, its their lives and its our lives, so we go our own way. 
 

my way 
 

Next they blame the bank for showing no mercy as they were facing difficulties 😂

[Throttle2]

Weekend deserves 2 cigars.

$100 burnt….. 😢😢

but the pleasure is priceless 😅😅

[Stary]

On 5/24/2025 at 9:02 AM, Whale said:

We used to retire at 55. Some countries still do that. People were generally happy. At 55, we start to do stuff that we never had time to do.

Now? A bit difficult. Why?

1) Government killed the kampong spirit living conditions with more privacy, neighbours hardly know one another anymore.

2) Government raised CPF withdrawal age n retirement age so no more kopi kakis who're 55. Everyone's working till 65. No one to talk to.

3) Children follow spend money trend, buy house n move out, employ maids move in, pay child care, etc. This depletes savings n postpone retirement. Retire only see maid. Want to take care of grandchildren also difficult. Don't work also cannot.

4) Wives also go out to work, so retire at 55 also no one at home.

5) Inflation makes things worse. Savings shrink by 30-40% now really gotta work. Scared not enough if fall sick.

6) Government doesn't want social costs so say everyone need to work to 70 now... even sell the reskilling koyok. They say it's to make us more productive. Actually it's to reduce social costs. Poor Singaporeans got no life, gotta work till give back IC, so bluff ourselves by going tours to get breaks.

This not a good trend.

The biggest barrier to early retirement imo, is the consumption habit of the masses.  Capitalism and consumerism has induced people over the  decades  to buy and own beyond their means.  They want  the biggest house, the biggest car, and best reno, the best appliances, etc....and  there is  always  loan available if one cannot afford it.   If one is drowned in debt, it is impossible to be able to retire early  under normal circumstances.

Question is are they willing to make those sacrifices by living moderately, save &  invest prudently  or prefer to  be drowned in debt so that they can  own the shiniest things?   Ultimately this is a personal choice and depends on their own intrinsic motivation .  Just don't blame the policies/inflation/economy, etc if the choice is to take those loans.

Edited May 24 by Stary

[BanCoe]

On 5/24/2025 at 9:02 AM, Whale said:

We used to retire at 55. Some countries still do that. People were generally happy. At 55, we start to do stuff that we never had time to do.

Now? A bit difficult. Why?

1) Government killed the kampong spirit living conditions with more privacy, neighbours hardly know one another anymore.

2) Government raised CPF withdrawal age n retirement age so no more kopi kakis who're 55. Everyone's working till 65. No one to talk to.

3) Children follow spend money trend, buy house n move out, employ maids move in, pay child care, etc. This depletes savings n postpone retirement. Retire only see maid. Want to take care of grandchildren also difficult. Don't work also cannot.

4) Wives also go out to work, so retire at 55 also no one at home.

5) Inflation makes things worse. Savings shrink by 30-40% now really gotta work. Scared not enough if fall sick.

6) Government doesn't want social costs so say everyone need to work to 70 now... even sell the reskilling koyok. They say it's to make us more productive. Actually it's to reduce social costs. Poor Singaporeans got no life, gotta work till give back IC, so bluff ourselves by going tours to get breaks.

This not a good trend.

No need to return back IC or punch on it …. All also online now 🤪

[Hosaybo]

On 5/25/2025 at 3:36 AM, Stary said:

The biggest barrier to early retirement imo, is the consumption habit of the masses.  Capitalism and consumerism has induced people over the  decades  to buy and own beyond their means.  They want  the biggest house, the biggest car, and best reno, the best appliances, etc....and  there is  always  loan available if one cannot afford it.   If one is drowned in debt, it is impossible to be able to retire early  under normal circumstances.

Question is are they willing to make those sacrifices by living moderately, save &  invest prudently  or prefer to  be drowned in debt so that they can  own the shiniest things?   Ultimately this is a personal choice and depends on their own intrinsic motivation .  Just don't blame the policies/inflation/economy, etc if the choice is to take those loans.

The world economy is built on consumption and basically as "animals", there is  herd instinct that drives behaviour. Not many can pull themselves out of it and look at the world in another perspective. 

Those retirees here probably know of peers that is of equivalent or maybe better financial status put still on the rat wheel churning more 💰 💰 💰 💰 cos there is always another level of wants......

[Throttle2]

https://vt.tiktok.com/ZShTpDAha/

For those borned in the 70s

age 46 - 55 this year

✌️✌️👏👏💪🏻💪🏻

[RadX]

a gd think about

 

 

[Throttle2]

Mai Tu Liao..... woohoo

[Ginyu]

Typical hdb upgrader with huge outstanding loan in their mid 40s, how to retire early?🤣 continue to work pass 60 la

Edited May 26 by Ginyu

[Volvobrick]

On 5/26/2025 at 3:58 PM, Ginyu said:

Typical hdb upgrader with huge outstanding loan in their mid 40s, how to retire early?🤣

Downgrade, pocket the profit and spend it during retirement.

Logical but emotionally hard. Most even want to leave their flats to the next gen and not re-mortgage back to HDB despite not having enough to pay for their own expenses and medical.