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Keep buying!!!

AK_Francis
Supreme

04-Aug-2010 13:10

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Yells: "Happy go lucky, cheers."

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Ha ha, dear comrade, spot on. The gist of the retired game is "Play", ie play shares, golf lots more loh, best can take all. AK enough liao, can't take all.

AK admires Alex, he show hand at 38. 82+(55-38)=, ha ha lucky no 99 of age liao(guesses, since above 55 is -2, then below 55 should be aroung +1 mah). The needy should be glad enough to be with him such long. Congrates loh, cheers.

temp123 ( Date: 04-Aug-2010 12:53) Posted:

Retire doesn't mean no work but work as you like, or even better, play.

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temp123
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04-Aug-2010 12:53

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Retire doesn't mean no work but work as you like, or even better, play.

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ozone2002
Supreme

04-Aug-2010 11:37

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u can share ur excess with me anytime.. :)

alexchia01 ( Date: 04-Aug-2010 11:31) Posted:

I retired 2 years ago at age 38, now I'm 40.

Does that mean I'm suppose to die this year?

Ha ha... These people die because they lose their drive and their goals.

We, human beings, are purpose driven creature.

Once we loss our purpose in live, death comes to us quickly.

This is why, its very important to find a new purpose after you retired.

My purpose is build my wealth through the stock market and return the excess to the society.

I'll continue to do this until I die.

You should do the same too.

Good luck with your investing.

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alexchia01
Elite

04-Aug-2010 11:31

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Yells: "Catch The Stars And Ride With Them"

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AK_Francis
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04-Aug-2010 11:08

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Ha ha, comrade P88, tks for the edu article on retirement age.

Hope, thats applies to Asian people too.Much wish it is true, as I retired at 56, just one yr above 55. Hence, 82-(1x2)=80, a bit long liao, though CPF covers me thill 82, fr 63 onwards.

On the other hand, my wife no work stress, means she live longer than me liao(generally true, women live longer than men). Then, if I die first, she will not enjoy free medical benefit with me loh. Then let my CPF balance n kids take care of her liao. Thats Spore Pension Scheme work, suck.

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niuyear
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04-Aug-2010 10:17

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In fact, it is not easy to deal with old age problems unless one is very Healthy!

Ideal life span - 65 yrs old to70. Mine would be 60 to 65. Its enuf! Let the insurance companies pay up the Life insurance sooner and dont compete the fresh air with the younger generations. LOL!

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beruangface
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04-Aug-2010 08:35

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Those who retire at the age of 65 live to an average age of just 66.8.

Only 1.8 year to enjoy retirement, that's sux big time!

chinastar ( Date: 04-Aug-2010 08:23) Posted:

interesting article.

pharoah88 ( Date: 03-Aug-2010 15:01) Posted:

RETiRE Early and TRADE to lIve lOnger

Retire early, live longer

Studies show that you die two years earlier for every year you work beyond 55

Letter from Tan Kok Tim

I REFER to Minister Mentor Lee Kuan Yew’s comments in “I don’t think there should be a retirement age: MM” (July 29).

Japanese Nobel Laureate Dr Leo Esaki once spoke on the relationship between longevity and retirement age. He revealed that the pension funds in many large companies such as AT&T, Boeing, Lockheed, Lucent, and so on, are overfunded as many who retire at the age of 65, usually die within two years of retirement. Separately, Dr Ephrem Cheng of theUniversity of Alberta did an actuarial study of lifespan versus age at retirement, based on the number of pension cheques sent to Boeing Aerospace retirees. It found that staff who retire at the age of 50 had an average lifespan of 86. Those who retire at the age of 65 live to an average age of just 66.8.

This study concludes that for every year a person works beyond the age of 55, he lives an average of two years less.

In other words, Boeing employees who retire at the age of 65 receive pension cheques for only 18 months, on average, before dying.

Lockheed, similarly, found that employees retiring at the age of 65 take only an average of 17 months of pension prior to death.

People who retire at the age of 65 or older probably put too much stress on their ageing bodies and minds, such that they develop serious health problems that ultimately force them to retire. With such long-term stress-related problems, they die within two years after they retire.

On the flipside, people who retire early might either be richer or better able to plan and manage the various aspects of their life, health and career well, such that they can afford to retire early and comfortably.

Many of these early retirees still continue doing some work, but on a part-time or project basis, at a more leisurely pace, without the stress of the daily grind.

Most Japanese workers retire at the age of 60 or under. One wonders if this is a factor contributing to the long average lifespan the Japanese enjoy.

The lesson here: As you get older, you should consider planning your career path and financial matters so that you can retire comfortably at an early age, and enjoy a long and happy life in retirement.

On the other hand, if we are encouraged to stay in the pressure-cooker corporate world until the age of 65 or older, it could impact our health and lifespan.

I hope Singaporeans will factor in how stressful their jobs are at work when contemplating at what age to retire. There are hidden costs to not having a retirement age that may not be obvious until it is too late.

If we are stay in the pressure-cooker corporate world until the age of 65 or older, it could impact how long we live.

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chinastar
Senior

04-Aug-2010 08:23

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