Quote:
Originally Posted by Hurricane88
What you had written above was ideal situation and assuming one live to 82 years old...what happened if you can live only to 60, 70...then you only have such short time to enjoy retirement...what you written above was what the gahmen hope you will do... 
I had discussed and observed many old folks who are now 65 to 80 years old...many dun even have savings...so let us work out the sums..
$0 for House - live in own house or children home
$0 for food - home cooked
$0 for utilities - children pay
$40 transport - gahmen pay 1 month and pay 11 months ownself.
Cash per year
claim GST vouchers cash
claim workfare for medisave contribution (some factory used NRIC for foreign worker quota)
claim Pioneer gen
claim silver support
Monthly cash - not all can have
if have hdb 3 room - rental out monthly collect $1800 (assume live with children)
CPF monthy - $500 per month
Fixed deposit inteterst - $100
children gives - x amount per month |
Thats precisely why I did not use specific numbers and uses AVERAGES of historical real data gotten from the internet, cause most people would be very tempted to use extreme numbers to support their own argument
Many can also argue,
- what about those that live till 90+ leh???
- what about those that have children but no support from them leh???
- what about those medical emergencies costs not factored in leh??? these costs are the most killing type especially if you have no safety net
- those temporary schemes you have mentioned will last only few years the most...Pioneer, GST, workfare...ETC, then those years after that leh???
- if no savings how to have Fixed deposits interests???
- home-cooked does not means $0 cause still need to buy ingredients mah
Thats why it is always safest to use the average figures to illustrate a point cause there are just too many different variables & factors e.g. dying at 60 and dying at 100 years old. These averages are derived from actual known historical data and so nobody can argue these are made-up to support your own point tio bo???
Cheerios......SS08 ^_^