Several near-retiree colleagues told Uncle8888 that they like his "view" on SRS. They are going to open SRS account and enjoy better than 3 yrs Fixed Deposit rate. Are you also near-retiree in your 60 or 60s and have not open your SRS account?
Uncle8888 doesn't like his money to be locked up and also his income tax is not large to worth that long lock-up period. But when we are near retiring, then the story has changed.
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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