As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Monday, 30 September 2013

Almost 2 in 3 Singaporeans are already planning their 'semi-retirement': study

Singapore Business Review

And they're eyeing a retirement at age 57.

Axcording to HSBC’s Future of Retirement study: Life after work? study, semi-retirement is a popular aspiration among people who are working in Singapore where close to two-thirds (61%) of those still in their active working years plan to or are already in semi-retirement. 

Semi-retirement, defined by this research as a reduction in working hours but a continuation of some paid employment as one approaches or reaches retirement age, is largely seen as a way of funding early retirement rather than extending working life beyond retirement age.

The research shows that, on average, people in Singapore expecting to semi-retire typically plan to do so three years (at age 57) before fully retiring from all paid employment (at age 60). 

Motivations for wanting to move into semi-retirement are largely positive. Over half (57%) want to keep active and their brains alert, 43% because they enjoy working and 41% to ease the transition into full retirement.

For others, semi-retirement may be borne out of necessity than choice. Financial issues are denying many the prospect of full retirement, compelling them to remain in the workforce.

Almost a third (30%) expect to have to semi-retire because they cannot afford to retire full time and a quarter (23%) will need to do so to bridge a shortfall in retirement income. 



  1. Ahhh, a reduction in working hours is a nice thought.
    Hopefully the reduction in working hours is not replaced by the need to help look after the grandchildren, haa!
    Some of the elderly folks I know hate the idea of retirement, when you are too used to a routine, you don't know what to do when you are out of it. Lost!

    Enjoyed your blogging~ popping by to say hi!

    Hope I can one day achieve financial freedom too!


    1. How to Retire?

      AND most importantly,

      4. You know what you would be doing during your retirement.

      DO NOT retire till you meet ALL 4 Pre-Conditions. And of course you should not retire if you enjoy working and are getting paid for it!

      The problem cases I know of are those who failed to meet Pre-Condition #4.


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