Most Singaporeans want to semi-retire at 57, shows they not robots afterall

[enterprise2]

Most people in Singapore dream of semi-retirement, according to a survey by HSBC.

But some semi-retirees have to keep working part-time for financial reasons, it found.

The bank's study on retirement, Life After Work?, found that 61 per cent of respondents working in Singapore plan on semi-retirement - if they have not already achieved this.

The study defines a semi-retired person as someone who works fewer hours but keeps up some paid work as retirement age approaches. Those who plan to semi-retire expect to do so at the age of 57, before retiring from all paid employment at 60

 

[kopiuncle]

I think this is only a dream. Yes, some successful ones can even retire at 50 or even younger when they have made their millions.The majority will still have to work right up to 60 and beyond - some to pay their debts and some to get an income to sustain the high cost of living.

It is no longer a luxury now when you retire with insufficient funds. You cannot depend on your children to give you even a small allowance. Your children will be finding hard to make ends meet. Of course, you have some exceptions who earn big bucks and they can support their retiring parents. I know of families where the so called retired parents are still working to support their children!!!

So it is working from cradle to the grave for the majority of Singaporeans. I was at a foodcourt today and I saw this lady clearing and cleaning my table. I asked her how old she is . She told me she is 80 years old - with tears in her eyes.

For those who are happily retired and travelling round the world, I say " congratulations". For those who are " retired" and are still working for a living, I say " do not despair, keep going and be happy..." Thank you.

 

[PhuaCheeBye]

I think this is only a dream. Yes, some successful ones can even retire at 50 or even younger when they have made their millions.The majority will still have to work right up to 60 and beyond - some to pay their debts and some to get an income to sustain the high cost of living.

It is no longer a luxury now when you retire with insufficient funds. You cannot depend on your children to give you even a small allowance. Your children will be finding hard to make ends meet. Of course, you have some exceptions who earn big bucks and they can support their retiring parents. I know of families where the so called retired parents are still working to support their children!!!

So it is working from cradle to the grave for the majority of Singaporeans. I was at a foodcourt today and I saw this lady clearing and cleaning my table. I asked her how old she is . She told me she is 80 years old - with tears in her eyes.

For those who are happily retired and travelling round the world, I say " congratulations". For those who are " retired" and are still working for a living, I say " do not despair, keep going and be happy..." Thank you.

wise words indeed

 

[winnipegjets]

Most people in Singapore dream of semi-retirement, according to a survey by HSBC.

But some semi-retirees have to keep working part-time for financial reasons, it found.

The bank's study on retirement, Life After Work?, found that 61 per cent of respondents working in Singapore plan on semi-retirement - if they have not already achieved this.

The study defines a semi-retired person as someone who works fewer hours but keeps up some paid work as retirement age approaches. Those who plan to semi-retire expect to do so at the age of 57, before retiring from all paid employment at 60

Many are forced to semi-retire in their forties.

 

[tonychat]

So pathetic...only can dream about it.

 

[OldFart]

What is the definition of semi-retirement? Is there such a phrase?

Seriously if a person is retired he is retired if he is still working whether full time or part time he is not retired. Can a student working part time be considered semi retired? Can one call a person who still requires half income now compared to his younger days semi retired? So semi retirement is actually an oxymoron phrase to perhaps make a person look good when he cannot retire but requires lesser money?

Now its a totally different thing when one say retires at whatever age fro his career and spends time volunteering or even driving a taxi to pass time we call him retired not semi retired.

Anyway my advise is if a person is happy doing what he love to do and is not adversely putting one's health or life at risk I think one should just continue until he dies and die happy. Is traveling around the world a must thing to do after one retires? I believe when one is young one should save as much and take time off from work to travel as much as possible when the body is strong and able to take the beating and enjoyment of traveling. When one is old its no longer fun or convenient to travel around the world maybe regional is ok.

Seriously sinkies are sometimes full of crab making oneself look good coming up with phrases like semi-retirement its really very "lao-kwee" when one cannot afford to retire. Bu then my mottos is work to enjoy, enjoy to work.

 

[kopiuncle]

#6 I totally agree.

 

[winnipegjets]

#6 I totally agree.

Kopiuncle, do you consider yourself retired?

 

[kopiuncle]

Kopiuncle, do you consider yourself retired?

I am still working. Thank you.

 

[jw5]

Kopiuncle, do you consider yourself retired?

He considers himself retarded.

 

[AktifSingh]

Bhai, full steam ahead please retirement is a dirty word. Namaste.

 

[Froggy]

He considers himself retarded.

Nahbeh I just drop off the stool at the bar reading this . . . . . . wahahahahahahahahahaha

 

[zhihau]

Anyway my advise is if a person is...

boss will say it's advice and not advise...

 

[winnipegjets]

I am still working. Thank you.

How can you consider praising the PAP and Old Fart as work? Yeah, they pay you big bucks for sucking up but that's not work.

 

[kopiuncle]

How can you consider praising the PAP and Old Fart as work? Yeah, they pay you big bucks for sucking up but that's not work.

winni winni....dont follow others lah...i am a full time employee....earning a decent and honest living ...

 

[PhuaCheeBye]

winni winni....dont follow others lah...i am a full time employee....earning a decent and honest living ...

kopi is greatest!

 

[extramarital]

Most people in Singapore dream of semi-retirement, according to a survey by HSBC.

But some semi-retirees have to keep working part-time for financial reasons, it found.

The bank's study on retirement, Life After Work?, found that 61 per cent of respondents working in Singapore plan on semi-retirement - if they have not already achieved this.

The study defines a semi-retired person as someone who works fewer hours but keeps up some paid work as retirement age approaches. Those who plan to semi-retire expect to do so at the age of 57, before retiring from all paid employment at 60

It depends on the lifestyle one wants to have during retirement.

If someone wants to replace his luxury car to a brand new one every 3 years, only buys premium luxury branded goods, take an overseas vacation to North America or Europe every 6-months, have 3 live-in maids in his landed property, and have several mistresses and plenty of illegitimate children to support... even a $10-M deposit in the bank will not be enough for him to retire at 60. He will need at least $100-M to support that kind of lifestyle upon retirement.

 

[winnipegjets]

winni winni....dont follow others lah...i am a full time employee....earning a decent and honest living ...

Aiyah, you can always be straight with me ...you never denied that you were chief honcho of PAP IB. There is no shame for making an honest day wage, even with the most hated organization in sinkapore. You got to do what you have to do to feed your family. We understand that. Just don't go the extra mile for them, just enough to get your pay check and bonus. Heard you earned 5-figure income last month, true or not?

 

[GoldenDragon]

Many are forced to semi-retire in their forties.

.................. and drive taxi!

 

[winnipegjets]

.................. and drive taxi!

Driving taxis is the high-end job ...many end up as security guards.