See also Malaysia: my#3 retirement destination

Ashish pointed out that SG is the best retirement destination in the world for me. Miles Yang agreed SG is a good choice for me.

XR,

I said Singapore wasn’t a popular retirement destination but there are still some advantages.

• familiarity. Reliable government and service providers, much needed when we are no longer so capable and resourceful. Those Singaporeans who retire elsewhere usually know the destinations well. I don’t, so Singapore is my #2 or #3 choice.
• high-quality but Relatively low-cost health care. When I go to a Singapore hospital I never worry about /burdensome/ bills I can’t afford.
  • ** medishield covers all hospitalization costs including pre- and post-hospitalization.
  • ** My kids and wife were hospitalized a few (like 5) times. About $400-$600/day total.
  • ** polyclinic xp: elderly healthcare
  • ** Emergency treatment costs $110 per visit on average, including medicines.
  • ** Specialists consultation costs $100 on average.
• Singapore employers are traditionally open to old workers esp. in the service industry.
  • ** Low wages, but I don’t mind. Singapore features very low unemployment rate so Those low-wage service jobs always need someone but few young people want them.
    
  • ** It would be ideal if we could find a higher paying job in our 70’s, such as teaching or research.
• stable inflation (ignoring properties) and currency. Remember my CPF Life and HDB rental will be in SGD. If income is in SGD then my expenses had better be in SGD.
• rent out our HDB home
• CPF Life.
• can invite our parents to stay in Singapore long term. When I retire, my mother or mother-in-law would be around.
• many cities build street fixtures for wheelchairs or the blind, but only SG government maintains them!
• maid — low-cost domestic helpers from SEA countries, esp. if retiree needs a human helper (ElderShield). Miles Yang told me no such maid service in China. This kind of responsibility falls on the next generation.
• Walking distance — (Ashish pointed out) No driving required when I’m old. Excellent public transportation. I lived in Singapore for about 20 years, never owning a car.
• ==== less specific, high-level keywords:
• street safety
• efficient government
• nanny state — The older I get the more I would appreciate it.
• convenience