The latest buzzword in personal finance is FIRE!
Financial Independence, Retire Early
Currently, Singapore's statutory minimum retirement age is 62, but employers have to offer re-employment to those eligible up to age 65.
The reason why Uncle8888 is ready to FIRE!
His money works for him!
He worked 15.4 years from Jan 2000 to 27 May 2015 for his earned income. His money works the equivalent of 6.2 years for him. He is 59 soon. So it is 59 + 6 = 65. It is exactly the official retirement age at 65 so there is no need to worry about not getting re-employment.
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