You may NOT like or agree! It is okay! If someone has to worry or have serious concerns over adequacy to meet their BRS or FRS for their CPF RA over their lifetime of working till 55; they should be focusing on enhancing or extending their work-life to 62 to 67 and above. It is cold hard fact that person or persons are NOT ready to build sustainable retirement income for life! If we have to worry over BRS or FRS; it is far better to focus on our jobs and becoming better human asset to our employers.
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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