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.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 13 February 2019

Singapore household incomes grew in 2018, income inequality stable


Read? Singapore household incomes grew in 2018, income inequality stable


CW8888: How much is enough to retire comfortably in Singapore for a couple without housing loans and children all independence?

When you NO need to save for your retirement anymore and also debt free; $4,000 to $6,000 is enough???

Among households headed by a Singapore citizen or permanent resident which had at least one working person, the median monthly income last year grew by 3 per cent in nominal terms to S$9,293, up from $9,023 in 2017.

5 comments:

  1. Do you think this statistics is meaningful when it includes the employer's CPF? I am just curious how this could be compared against other countries with no such scheme. Would median on disposable income be a lot more meaningful for Singapore?

    ReplyDelete
    Replies
    1. For retirement planning, we can deduct 37% off the median to work out magical number of how much is enough.

      Delete
  2. 4-6k is definitely enough. When one is retired, there is no need for the following:

    1. Save for retirement.
    2.CPF contribution, haha incl employers
    3. home mortgage
    4. children education
    5 . car loans, and travelling expenses
    6. working expenses, from clothing to meals
    7. client entertainment, beer money
    8. Ang pow money

    I’m spending much less than the stated quantum.

    ReplyDelete
  3. 4k to 6k is quite comfortable if not towards the Luxury sides when free of debt.

    ReplyDelete

Related Posts with Thumbnails