How has to be learnt must be learnt.
What is to be unlearnt will be after a serious punishment or lesson.
If after falling, and not pick up anything, the fall is misspent!
From Sunday Times, 5th july 2015 Classified
Retirement is a scary affair if you are not planned and ready for it.
Many of the working generation cannot wait to retire as they are tired of seeing their bosses, handling office politics and even being a positive leader in a firm or company can be a draining ordeal.
Hence, with SRS, it is one of the many ways to increase your nest egg! chew on it!
As the old saying goes “Save for Rainy Days”. This practice is extremely important for the current economy as the diversity and evolution of the market is so radical now! We never know what is it going to be in the next 10 years. Compared to Fort Motors’ days in 1900s, 50 years later, we were still at the Industrial Age! It is different now. 3 years had passed and the dynamics of everything would have changed drastically by then. However, sadly, bad human nature and habits remained. Overspending and self indulgence are always evergreen within a human psyche. So beware!
I hope that I do not need to squirm and save too much unnecessarily for retirement.
Recently our citizens are getting very concern about their money, their Central Provident Fund (CPF) money. Do we really know enough to make plans for retirement? Do we know what to expect and learn to prevent any pitfalls? This article gave a clearer insight on your money after 55.