NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workers.
What can happen on ground regarding re-employment is NOT within the control of Government. Re-employment is NOT mandatory. Your job can anytime be "redesigned" by your bosses to test your tolerance level. Uncle8888 was 60 yrs old man who has retired on 30 Sep 2016. 61 yrs old man who was re-employed on 2017 after 62 on yearly contract basis and his boss added value to his job by "redesigning" i.e. add more job roles! Hmm .. He "voluntarily" retired last year! The Moral of Story! Always plan for your own retirement well in advance i.e. at least one decade away from 65, the new retirement age!
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 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.