Last week; Uncle8888 went back to his ex-office cafeteria to have kopi with his ex-colleague who will retire next week at 60. Official retirement age is at 62 and can be re-employed till 67. Why retire early when we can still work for a few years to build up fatter retirement fund? For one simple reason? Yes, we may love our job; but we may not love the workload throws at us especially during the tail end of our career on stagnant salary. We seriously like to slow down; but the work environment may not allow it. That is the dilemma! Yes, we can deliberately slow down our works; but we will become liabilities to the team. One day; our bosses may have no other choice; but find ways and means to get rid of this liabilities in their team. Like this ex-colleague explained. As employee one day we have to retire or "force" to retire so we might as well plan to retire on our own term. Here another real life example of employees planning many years well ahead for their own voluntary retirement and then has the option to retire on their own term. Uniquely Singapore way of retirement - CPF OA, CPF Life and dividend income. But no SRS! Hmm ... steady! Walau! No FB too! Lagi steady!
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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