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The RETIREMENT thread

Discussion in 'The Courtyard Café' started by Leongsam, May 2, 2013.

  1. lifeafter41

    lifeafter41 Alfrescian (Inf)

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    Re: Should he retire?.

    What is the tax rate in NZ.
    Is the NZ superannuation system similar to the US Social Security?.

    Can we say that once you pay NZ tax, you are enrolled in their superannuation system.
    I believe there should be a number of years to pay in before a person is being enrolled, else it will not be viable.
     
  2. Leongsam

    Leongsam Administrator Staff Member Old Timer Old Timer

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    Re: Should he retire?.

    http://en.wikipedia.org/wiki/Taxation_in_New_Zealand

    http://www.workandincome.govt.nz/in...er/superannuation/superanuation-overview.html
     
  3. Equalisation

    Equalisation Alfrescian (Inf)

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    Re: Should he retire?.

    No. He should work himself to the coffin !:eek::eek:
     
  4. iamhere

    iamhere Alfrescian Old Timer

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    Re: Should he retire?.




    In reality, the nation have been providing welfare state benefits "minimum wages" in millions to each individual leech aka papee, (juz because of one party rule system) to leeches aka papees leeching on the system. These leeches aka papees wasting nation's time and resources and etc every single second of the Mother Earth's day. By some unfortunate default, we as a nation have to put food on table and tonnes of $$$ for these leeches...


    The country needs the government (employees of the public) to work for the country.
    Can these leeches aka papees become self reliant? Get a job and be prepared to work hard
    at least for once in a lifetime. Stop Leeching on the system.




    FUCK PAP, FUCK PAP, FUCK PAP.........
    MAY PAPEES, CRONIES N FAMILIES BURN ETERNALLY IN HELLS.........
    MAJULLAH SINGAPURA.........
    GOD BLESS SINGAPORE..............
    REMEMBER to

    VOTE papees OUT



    do yrself, yr forefathers and yr generations to come, a favor, a service and a long-awaited justice





    ;););):D:D:D;););)



    iamhere says a lot about this:"The democracy shall cease to exist when you take away from those who are willing to work and give to those LEECHES who would not.”
     
  5. STUCK_HERE

    STUCK_HERE Alfrescian Old Timer

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    Re: Should he retire?.

    Yes man forever.
     
  6. JohnTan

    JohnTan Alfrescian (InfP) Old Timer

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    Re: Should he retire?.

    Not counting those whose businesses have failed, the main group of people I know who would be working till they drop dead are those who did no financial planning of any kind. Most of the time, their reasons for not doing so are "too busy with work", "I am not interested" and overspending. Serves them right!
     
  7. eErotica69

    eErotica69 Alfrescian (InfP) Old Timer

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    Re: Should he retire?.

    Some I know do not retire by choice and not financial circumstance.

    Some of these people cannot forego their business titles, like Director, Colonel, Vice President, Chairmain, CEO, CFO, COO, Chief Engineer etc.. Some just do not have any life outside their worklife.
     
  8. tonychat

    tonychat Alfrescian (InfP) Old Timer

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    Re: Should he retire?.

    some like you need to ask your islamic religion if you can be promoted or can you eat pork for the start.
     
  9. eErotica69

    eErotica69 Alfrescian (InfP) Old Timer

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    Re: Should he retire?.

    Ask your UMNO masters lah, ask me for what?
     
  10. kulgai

    kulgai Alfrescian Old Timer

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    Re: Should he retire?.

    Sad but true.
     
  11. eErotica69

    eErotica69 Alfrescian (InfP) Old Timer

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    Re: Should he retire?.

    Any good annuity plan?
     
  12. Thick Face Black Heart

    Thick Face Black Heart Alfrescian (InfP) Old Timer

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    Re: Should he retire?.


    CPF Life . . .
     
  13. eErotica69

    eErotica69 Alfrescian (InfP) Old Timer

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    Re: Should he retire?.

    I was referring to Private Insurer.
     
  14. Thick Face Black Heart

    Thick Face Black Heart Alfrescian (InfP) Old Timer

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    Guide for Singaporean retirees

    Migrating or Planning to reside on a long term basis

    Typically there are 2 major avenues of making the move overseas

    Option 1 - The intention is to move permanently and these are either as (a) skilled migrant, (b) Investor or (c) Dependent. Those who plan ahead,can use the skilled migrant category and drop anchor, serve a period of residency and then finally move to retire.

    Option2 - Most countries have programs to accommodate foreign nationals on 5 year or extended stay visas. Australia is popular with Singaporeans and there are many such residents whose visas are extended every 5 years. They however do not have access to the welfare/free health but enjoy all else. Malaysia too has a silver hair program.

    For details of various categories, consult the sticky thread and the websites of the popular countries which are listed.

    Profile of a Retiree and their Needs

    Many are set in their ways and they will going into a new country with relative fewer opportunities to meet new people compared to younger migrants who have ample opportunity to make new friends especially locals of the new country in their workplace, pubs, at sports etc. So be prepared.

    Your first interactions are those who are family and friends of your relative or family members that migrated earlier. Vernacular church is another. These might prove boring over time especially if the circle is "outdated". Work out a routine on how best to do it and then choose the city, the house etc and begin enjoying life.

    Challenges faced by retirees

    Many retirees end up in Leeds, Vancouver, Adelaide, Canberra etc because they had followed their kids who are studying there or family members who migrated earlier. The city itself might not be suitable for retirees or the presence of like minded people might not be around.

    A better way is to treat the first move as transient and then make the final decision when you are better informed. Any way, most kids after their study return to Singapore or move to bigger cities. And the parents end up stuck in the city. So plan carefully.
     
  15. Asterix

    Asterix Alfrescian (Inf)

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    Re: Guide for Singaporean retirees

    It's a $64,000 question[1] ....................

    [1] In ancient times, ownership of a ship is divided into 64 shares

    [video=youtube;ve-LBM5iBS4]https://www.youtube.com/watch?v=ve-LBM5iBS4[/video]
     
  16. Asterix

    Asterix Alfrescian (Inf)

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    Re: Guide for Singaporean retirees

    KNN, nobody interested in retiring? A sticky thread without a new post for 7 months!

    [video=youtube;ttXtAKHRtlA]https://www.youtube.com/watch?v=ttXtAKHRtlA[/video]
     
  17. yahoo55

    yahoo55 Alfrescian Old Timer

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    Re: Guide for Singaporean retirees

    A question for the New Zealand residents in this forum, how much money does a foreign couple in their mid forties need to retire comfortably in New Zealand?
     
  18. Leongsam

    Leongsam Administrator Staff Member Old Timer Old Timer

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    Re: Guide for Singaporean retirees

    If you're debt free in NZ $5000 per month will ensure a comfortable existence if you have permanent residency.
     
  19. Asterix

    Asterix Alfrescian (Inf)

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    Re: Guide for Singaporean retirees

    500,000 log cabins in a country with a population of 5 million ........... guess the country ...........

    [video=youtube;Qov9GNa-CNc]https://www.youtube.com/watch?v=Qov9GNa-CNc[/video]
     
  20. yangtzejiang

    yangtzejiang Alfrescian Old Timer

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    Re: Guide for Singaporean retirees

    Retirement in Singapore is for the privileged. The privileged do not post in this forum. Hence this thread got no business.

     

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