Let’s not spend a lot of time on this blog post, but Look how much my retirement plan has improved
- * annuity — cpf-life
- * rental properties
- * medishield
—- 2013 email —-
Disclaimer — I’m not seriously retirement-planning. Just random thoughts. The [1][2].. items are my retirement ideas.
I feel many people rely on their home as retirement, but you can’t easily get cash out of the house. So it doesn’t really generate cash needed in retirement. It’s rather important to ensure the home can be rented out to generate supplementary income [1].The better the location, the more likely. It would be idea if you can get a 2nd, perhaps small home to rent out.
Another common thing people do is full time investing (gambling). I’m not sure at all. I’d rather leave my money with the professional fund managers. I’m more in favour of high-dividend investments.
If I have the time and good health, and needs money, I’m more in favour of working into old age[2]. Some professions are easier to find work – such as hourly work. Teaching is one field to offer work into old age.
Medical insurance [3] is quite important, esp. for catastrophic, or chronic.
Annuity [4] is a relevant option to me.