14% of S'poreans financially ready for retirement

• likeyou

  22 Feb 11, 09:45

  Originally posted by elindra:

  
  Quite a number of ppl I know have problems buying a flat

  How to retire ??

  
  Yes, majority of them esp when they come out to work after graduation. Saving is virtually non existing in their saving account. Not to mention cpf ord account.

  Parents will need to help them pay up for the first installment if they buy resale flat or getting max housing loan.

• Clivebenss

  22 Feb 11, 13:08

  nowadays so complicated.

  

• charlize

  23 Feb 11, 12:02

  Originally posted by elindra:

  
  Quite a number of ppl I know have problems buying a flat

  How to retire ??

  The first problem is buying a flat.

   

  After buying a flat, the second problem is paying it off with the 30 year mortgage loan.

   

  After 30 years, you see whether you have enough to retire.

• Derrick Casper

  23 Feb 11, 12:33

  14% is wat they THINK. in actual fact, I believe many pple have enough to retire not just 14%

• likeyou

  23 Feb 11, 16:21

  I wonder how they conduct the interview.

• Jack.hume

  24 Feb 11, 13:45

  it's a hard life mate

• likeyou

  24 Feb 11, 16:48

  Originally posted by elindra:

  
  Quite a number of ppl I know have problems buying a flat

  How to retire ??

  
  They will not interview those pple got problem.

  My 2 cent.

• charlize

  25 Feb 11, 11:28

  I think I will strike the lottery.

   

  Really.

• Clivebenss

  25 Feb 11, 14:53

  Originally posted by charlize:

  I think I will strike the lottery.

   

  Really.

  

• likeyou

  25 Feb 11, 17:00

  I am buying toto every week, hoping to .hoping to strike 1st prize .