Uncle8888 has received one-time rebate to offset his premium payable for 2017 renewal due to ElderShield claims have been lower than projected in last 5 years of the scheme. Uncle8888 and his spouse actually don't need ElderShield; but they didn't opt out since Eldershield is social insurance pool. Just treat as charity contributions to pool and hopefully help to make it sustainable.
Last updated : 15 Sep 2018
I am 62 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. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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