Category: Retirement Related
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Malaysia: 42 percent senior citizens have zero savings
A sobering fact was reported in a local daily. 42 percent of senior citizens had zero savings. 85 percent of these said that the reason they never saved was because they did not have enough to save when they were young. Let’s take whatever they said at face value. Now, let’s look at the current generation…
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Prepare today, tomorrow is too late
A survey from the Chinese University of Hong Kong Jockey Club Institute of Ageing showed that the elderly population of Hong Kong ranks in the bottom three of the world for poverty. Out of 97 countries, Hong Kong was ranked 60th for income security, 95th on poverty and 91st on welfare. Yet, in terms of…
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More ‘freedom,’ less money is okay, true?
I was listening to my favourite radio station Melody FM (Cantonese) and an interesting topic came up. Citing a recent study, the deejay said that both Gen-Xers and Gen-Yers prefer to have more freedom and is willing to take a lower pay to enjoy this ‘freedom.’ In fact it was surprising because she had expected…
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Take note of these retirement issues
I think it’s easy to see that majority do not have any retirement plans. Either everyone is too confident of their future or they just simply do not bother. This is definitely worth more thoughts than spending time on the usual gossips and forwarding of stupid unverified news on Facebook. The first thing for any…
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Property investment not suitable for retirees. True?
Just read an interesting view about property investment for retirees. It said that property investment in terms of rental is not suitable for retirees. If we assume the property is not yet fully paid for, then the rental income is the remaining amount after deducting the maintenance expenses and mortgage repayment. Assuming the property price…
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I worry about retirement because….
How many of us are worried about retirement? Many would be worried even if we have a good job paying a healthy salary today The reason is because by the time we retire, we would not have a full time job and thus our day to day expenses have to come from whatever we earn…
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The ‘yesterday’ property and properties today
When my parents bought our Ipoh semi-detached home in the 90s, it was just RM85,000. Today that same property is RM350,000 or higher. My parents are still staying there and I would most probably be staying there in the future as well. When we really calculate over the period of years versus the actual price…
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Sad tale or a potential happening in future?
When we were young, our parents look after us. When they are old, should we not look after them? For some Singaporean, it’s a yes and no. Yes, the young would take care of the old by paying for their stay in nursing homes in Johor Bahru. Yes, they would visit their old folks a…
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Retirement Homes – GreenAcres by TI Homes
It’s very tough when you are the first to the market with something new. For example, retirement homes. An even tougher part is to launch a new concept in a city where people generally believe that they live very well today and may not want to fork out extra for something they have no understanding…
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Retirement homes in Penang, if I am 60 years old today.
Few months back, I wrote about retirement homes. My focus then was more on Ipoh being a very good place for it to happen and there is at least one Ipoh based developer bringing the concept into Ipoh. There are now news that one of Penang’s property developer, Tambun Indah would also be introducing a…
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Working beyond the age of 65?
Singaporean Prime Minister said that the Singaporean government will be looking at amending the Retirement and Re-Employment Act so that people older than 65 can continue working. The particular move was being negotiated by the unions, employers and the government. However, he said that older workers should also be willing to change their expectation in…
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Soaring and Tumbling after GST like Australia? Not likely.
Property transactions soaring since 2009 – 2011. Property transactions started tumbling in 2012 and continued in 2013 and should still continue in 2014. What about the effect of GST? Would everyone be rushing to buy 1-2 quarters before GST and push up the prices further and 1-2 quarters after GST, the prices come tumbling down,…