Fear not retirement plan
Singaporeans got it made for life. They should not fear being unemployed and penniless. I am not referring to the CPF Life. That one is bull. The real stuff is to cash out when property prices are up. And it is up and up as it has been reported almost daily. Just pray that more foreigners keep coming onto our shores to support the property market. After selling their HDB flats, should be between $500k to $750k, park the money in fixed deposits and live frugally. That will be enough to last them for 30 or 40 years. Where to stay, squat in a temple if possible or with the children. If not, rent a room from the FTs who have bought over their flats. Two old folks, why do they need more than a room? They could not even have the energy to mop the flat. Renting a room will remove such a chore. Let the FTs look after and maintain the flats. Never mind if they become the new landlords. When you have more than half a million in the bank, nothing to worry about. Sell everything, don't own anything. Just convert to cash. This is the latest mantra now I think. And the beautiful surroundings and parks will be like the garden of Eden to be enjoyed in the twilight years.