Discussion on Retirement For Older Gay + Life @ 50, 68 & Beyond + Retire With No Worries (Compiled)

[abang]

Let me put it this way...

Uncertainty is fine but paranoia is not.

I've been switching roles all these times - more bottom actually.

There is absolutely no fear that I will lose out on my MARKET value.

What you should do?

Go get a sound education - essential if you enjoy working.

Go get to start saving - no branded bags nor clothes because they are not essential.

Go get yourself a new hobby - cultivate a new interest

Go get yourself into the gym - boost your confidence and health simultaneously

Go get yourself into volunteerism - mental and psychological satisfaction

Above all, tell yourself:

I am desirable.. to those who enjoy the finer things in life.

I am not afraid of growing old because I grow old graciously.

[Kolomon]

Thanks everyone! Really appreciate all the advice given.

This is no longer bugging me already. Had a long deep reflection. Shall take life as it is, work hard and play hard for me now.

Got to complete my education, serve NS, get a job. Once I stable myself financially, then I will think about love. For now, just enjoy my youth since it's coming to an end.

[waterballoon]

if you keep thinking of how much you would gain & how much you would lose, then you will just be a very sad person.

all i can say is, what's the point of worrying about something that hasn't (in this case, no one even knows if it will happen) happened? take what life has to offer and live the best out of it.

there's nothing more important than enjoying the now & being happy who you are now

because the only thing you can do is to protect that little bit of happiness in front of you...

[Tight Ass]

Hi everyone, I'm new in this forum.

.

Any comments/pointers for me. I'm afraid that I would be unwanted when I grow older. (I know I'm still at a very young age but I can't help but think about my future)

Thanks.

Your school didn't teach you how to think out of the butt?

[Kolomon]

Did you guys read my post ?

This is no longer bugging me already. Thanks for the help though.

[AlvinTan]

I would really like to find one young bottom so as to have a lasting rs with him. I can take care of him and most importantly is both of us must click.

But do most bottoms go for looks, or what?

[waterballoon]

Did you guys read my post ?

This is no longer bugging me already. Thanks for the help though.

i think you aren't the only person who has similar worries. maybe the replies & insights here would help others too.

[matthewleon]

TS, I just want to say is most older btms I met.....are

1) Sissy - perhaps after getting fxxk too much assume that they are a full fledged woman and starts going insane.

2) Btms whom uses excessive beauty products

3) Keep address each other as "sister", "mommy" or "mei Mei" pisses me off

4) Become size queens becos they have seen it all and the hole wanted more

5) Older btms can be very aggressive in bed [very scary]

Conclusion - I prefer younger btms due to my experience with older btms lol

Just like the ladies.....Literally :whistle:

[Guest Thaiboyz]

It depends what the tops are seeking. If I am seeking fun only, I will prefer those youthful looking guys with nice sexy bods. On the other hand, i would prefer a presentable mature guy with certain level of security to be my other half.

As long as fun is concerned, my views are:

Bottoms should be cute and sexy

Tops should be manly with nice bods

They would gain the best market value.

But when come to relationship, there are many other factors to consider, I am sure we all know that. Looks perhaps be a lower priority when security and stability to be taken into consideration

[Guest Guest]

I would really like to find one young bottom so as to have a lasting rs with him. I can take care of him and most importantly is both of us must click.

But do most bottoms go for looks, or what?

most guy go for looks, not just btms.

Face come first, then bod second, rod maybe third, the rest might be characteristics.

[Guest Guest]

This may not sound politically correct but I agree that bottoms may lose out more. Tops are prized for their manliness and age may hv a lesser effect as compared to bottoms who may be perceived to hv looser hole as they age and hv got f*cked by more people before compared to a younger bottom.

[lucwind78]

I can't help but to start this after watching the 妈姐 story on channel 8.

When we grow old, what will happen to us?

[Guest Guest]

Have to age gracefully.

Also got to adjust dressing according to age. When you are old and still want to dress like as if you are in the teens will make you look a freak.

Make sure got enough money to pay off medical bills.

When you are still young, better be nice to your nephews and niece. That way, when you are old, they may be kind enough to accompany you to go for doctor appointment. Otherwise, make sure you have lots of money, so that for the sake of money, your nephews and niece may be nice to you to bring you for medical appointment.

If you don't have a room mate, and already retired, better don't stay at home all the time. You may just passed away at home without anyone knowing. Better go out and hang around the coffee shop.

[Blissfull]

I once dreamt myself sipping tea across some old church building, with some guy (I hope my partner).

I remember looking old with big tummy, though I wish it won't happen, tummies are inevitable.

Never want to grow old, but life cannot be controlled.

If you are asking about the things we should take care of : health , friends , hobbies . These will serve you well. (:

[heinz63]

One thing to learn to grow old is to always have friends from all walks of life and ages. When you have only same age group of people around you, ahem, like what happens to me now, we heard stories like who just got cancer, divorced, had an affair...its too much negative power around. But I notice that those who give, e.g. volunteer or helpful people, they always have smiles on their face even as they age.

[tkong]

time to time be old age,old age is value.

make around with friend,please dont stay at home. goto CC play card, sing song, be a day job.

[alien]

time to time be old age,old age is value.

make around with friend,please dont stay at home. goto CC play card, sing song, be a day job.

Hopefully my body still allow me to go make friends in CC. I am more afraid to grow old when my physical body is weak and got problems, suffer and yet cannot die!

[Guest guest]

If you are asking about the things we should take care of : health , friends , hobbies . These will serve you well. (:

Basically you need to have money.

Health -

$$ for regular medical checkup and doctors visit

$$ for better quality food - low fat/low sugar food always cost more.

$$ for good food supplement to maintain good health

$$ for more medication as you get older.

Friends -

$$ to socialize - can't be always they pay for the coffee right?

$$ to buy occasional presents/angpow/gifts etc.

Hobbies -

$$ to join clubs

$$ for hobby fees

$$ to buy neccessary tools/equipments for hobbies

So, with no money, nothing you can do but stay at home alone watching TV - only those free to air programmes.

[Baloo]

money is key to growing old...

so who is saving enough or having enough insurance to protect himself when he grows old?

most people I meet do not want to discuss the issue - as if discussing it will make bad things happen...

most other people think that happy go lucky is the way... i wish them well...

important thing is, protect your future with investments in insurance - especially medical insurance, and keep buying new policies that mature in a 'cascade fassion' through your older age... i.e. major one matures age 55. next big one matures age 58, and 60, 61, 62, 63 etc... haha yeah it's a lot of money? have your YOUNG agent calculate it out... those that mature age 61 onwards may not need to be in the 10s of thousands... 5k is nice bonus already to suppliment your other sources of income...

other streams of income? haha your hdb flat lor... rent out one or two rooms, or better yet you bot private condo? rent the whole thing out!... and monthly have money leow...may not be much... but hell... better than zero.

being ambulent and healthy will definately help... and do make a will because if single - gharment will makan everything ... or have a hard time finding your next-of-kin... your 'life partner' will be left out of it all...

Edited November 30, 2011 by Baloo

[lucwind78]

I always have a dream of having my own old folks home for GLBT people...

With that we will never have to worry about aging...

No family so what!

No boypren so what!

No off spring so what!

No government to take care so what!

No $ so what!

[alien]

I always think money is impt no matter how old u r.

[briax]

Oogachaga published a informational booklet for mature gay and bisexual men this year. You might find it useful for ideas.

http://www.oogachaga.com/fulllife

[Guest Retire]

I so want to stop working and have a good life relaxing and bumping around.

Wonder what is the best stage to throw in the towel, and do some simple tasks in life although earning much less...

[tic-toc]

For practical reasons, I guess the "best stage" is when you feel you are financially secured.

[Guest Marad44]

tic-toc's point makes sense. 55-60 might be a good time to evaluate your retirement income and expenses at 65, based on adjustments and encumbrances. This is what I did. Best wishes Retire.

[raind]

.

Edited July 8, 2012 by raind

[hitex]

yes, it is of utmost importance to retire only when you are finanacially secured.

live simply and mix around with all walks of life. look out for persons who share same outlook.

go travelling if you like.

think of the good rather than bad at all times. you are always more fortunate than most.

been through it all when retired at 47yo for over 20 years

[EasleyLim]

I think the more important question is how MUCH do you need to retire :/

[Guest millionairess]

I so want to stop working and have a good life relaxing and bumping around. Wonder what is the best stage to throw in the towel, and do some simple tasks in life although earning much less...

I'm 28 yrs now, and earning close to $500K per annum (not anus or anal, pls), as a banker.

I intend to retire lavishly at 40yrs, once I've amassed at least $5M in cash with at least 2 properties (one for myself and one for investment/rental). That shud be enuf to cover me till I'm 80 yrs old.

[Guest stunned]

I'm 28 yrs now, and earning close to $500K per annum (not anus or anal, pls), as a banker.

I intend to retire lavishly at 40yrs, once I've amassed at least $5M in cash with at least 2 properties (one for myself and one for investment/rental). That shud be enuf to cover me till I'm 80 yrs old.

what kind of banker earns that kind of money at 28 yrs old?

[Guest Guest]

I'm 28 yrs now, and earning close to $500K per annum (not anus or anal, pls), as a banker.

I intend to retire lavishly at 40yrs, once I've amassed at least $5M in cash with at least 2 properties (one for myself and one for investment/rental). That shud be enuf to cover me till I'm 80 yrs old.

You should have no problem retiring comfortably by 40 at the rate you're going. I knew a doctor who earns your salary and I thought that was impressive enough, but he's already in his mid-thirties. You must be a super high flyer then. Is your job damn stressful? Are you working round the clock? Will you be getting the same salary when the economy falters? Just wondering ...

[Guest Semi retire]

I am 45yo, earning about 10k per month, have a savings of about 300k and have a 2-BR condo and my CPF is enough to pay for the monthly installment for the next 10years.  I want to semi-retire this year and do something less stressful, even to the extent of 50% cut in my pay.  I can handle stress pretty well but nowadays have the thinking of "what for"? Also, just had a new boss whom I din work out well with her, but still can "endure", just don't know when will I burst out! Can I get some advices from fellow forumers?

[Guest Revell]

I am 45yo, earning about 10k per month, have a savings of about 300k and have a 2-BR condo and my CPF is enough to pay for the monthly installment for the next 10years. I want to semi-retire this year and do something less stressful, even to the extent of 50% cut in my pay. I can handle stress pretty well but nowadays have the thinking of "what for"? Also, just had a new boss whom I din work out well with her, but still can "endure", just don't know when will I burst out! Can I get some advices from fellow forumers?

Dun think it is enough.

My take is that one must have 2 condos fully paid for. (and the 2nd condo to be more than half fully paid)

One condo is for self-stay, the other for collecting rental as daily needs. (And no MM units, please, these are bad news for investment). On top of that, u need to have about $100k in hand.

Then, u can go and work in whatever silly job just to kill time.

Don't downgrade to HDB or scrimp on daily needs like saving here and there. If one wants to retire, make sure you have the financial resources to stretch the days.

[Guest Guest]

I am 45yo, earning about 10k per month, have a savings of about 300k and have a 2-BR condo and my CPF is enough to pay for the monthly installment for the next 10years. I want to semi-retire this year and do something less stressful, even to the extent of 50% cut in my pay. I can handle stress pretty well but nowadays have the thinking of "what for"? Also, just had a new boss whom I din work out well with her, but still can "endure", just don't know when will I burst out! Can I get some advices from fellow forumers?

If i were you i'll just do it. Life is short, with your kind of financial status, why not? Many 45yo dun even earn 5K, let alone 10K. But of course nothing compared to a 28yo who earns 500K a year.

[Guest Guest]

Dun think it is enough. My take is that one must have 2 condos fully paid for. (and the 2nd condo to be more than half fully paid) One condo is for self-stay, the other for collecting rental as daily needs. (And no MM units, please, these are bad news for investment). On top of that, u need to have about $100k in hand. Then, u can go and work in whatever silly job just to kill time. Don't downgrade to HDB or scrimp on daily needs like saving here and there. If one wants to retire, make sure you have the financial resources to stretch the days.

According to your criteria, even the majority of 60 yrs old can't retire. How many people here have 2 fully paid up condos plus 100k cash. Guess we'll all have to work until we drop dead.

Even then, maybe not even have one condo if you look at the sky-high condo prices nowadays. Unless condo prices start falling to more reasonable levels, but will that happen?

[abang]

Don't downgrade to HDB

Why not...You save a bundle in conservancy fees etc.

And you still qualified for governmental awards..GST offsets etc.

[Guest kpo suggestion]

I am 45yo, earning about 10k per month, have a savings of about 300k and have a 2-BR condo and my CPF is enough to pay for the monthly installment for the next 10years.  I want to semi-retire this year and do something less stressful, even to the extent of 50% cut in my pay.  I can handle stress pretty well but nowadays have the thinking of "what for"? Also, just had a new boss whom I din work out well with her, but still can "endure", just don't know when will I burst out! Can I geFirst, do u drive t some advices from fellow forumers?

Firstly, do undrive now? Do u want to drive after u semi retire?

Second, I assume u r single and available? Also, still giving parent allowance?

Third, Do u like to own branded goods (watches, bags etc)?

fourth, what kind of social life u will be adopting?

And most important of all, what would u like to do after u retired? If u r single, there will be so much time for u to kill......... (not every friend and colleague is available for coffee and chats)

My suggestion is u plan and try to take 3-6 months leave (economy is going to be bad this year), try out the retired or semi-retired life.... I assume u r healthy and without any medical conditions (expenses), because u are likely to live entirely different from the time u retired. No more calls, no more reports, no more quarterly close, no more obj setting, no more appraisal, no more customer's complain/ action plans and no more etc......... all you have is time...........

[Guest Semi retire]

I do not drive, already got used to it for few years. I only bought branded goods, cloyhings only, in the last few years but I can make do with shirts/pants from Giordano/Bossini/Hang Tang.  I am all by myself, both my parents have passed away.  I wanted to live overseas, like Thailand, or in JB where the COL is low. I did think of taking 3-6 months no-pay leave but my Company doesn't allow it.

[lohwpr]

My opinion is in line with our Singapore's founding prime minister Lee Kuan Yew.

DO NOT RETIRE.

Regardless on yr financial status. Once u retire from work, your mind and body will age faster than u think. U can opt to tune-down yr work but do not consider total retirement as a form blessing. It eats u up quickly.

[Guest kpo suggestion]

1. U can rent out the condo ( fetch $2-$4k) per month depends on location. Does that enough E for your monthly expenses? Of cos, u have to consider the prop tax, reno cost after 5yrs and agent fees.

2. $300k is not going to last u very long especially cost is getting higher and higher. Do u have any investment? Do consider the risks and volatility.

3. Would u consider to sell off the condo and make a profit now?

4. Just my 2cts worth of fbks.

[lohwpr]

I'm 28 yrs now, and earning close to $500K per annum (not anus or anal, pls), as a banker. I intend to retire lavishly at 40yrs, once I've amassed at least $5M in cash with at least 2 properties (one for myself and one for investment/rental). That shud be enuf to cover me till I'm 80 yrs old.

I am surprised at yr decision.

Firstly, whatever sales u accumulated this year does not imply u will get the same amount or higher next year. Market or customer will go south or turn bad periodically. 花不会百日红。

Secondly, if u read about my previous posting on salary and inflation, U will soon realize yr $5m may not be sufficient for yr lavish retire living. I would expect u to know that because u r a banker.

Personally, I am making not lower than yours on yearly basis and I don't even dare to retire at 40......

Edited January 25, 2012 by lohwpr

[lohwpr]

I am 45yo, earning about 10k per month, have a savings of about 300k and have a 2-BR condo and my CPF is enough to pay for the monthly installment for the next 10years. I want to semi-retire this year and do something less stressful, even to the extent of 50% cut in my pay. I can handle stress pretty well but nowadays have the thinking of "what for"? Also, just had a new boss whom I din work out well with her, but still can "endure", just don't know when will I burst out! Can I get some advices from fellow forumers?

A job is just a job. It is a thing that u do to pay bills on the on-going basis. If u do not like what u r doing, do not invest too much emotion into it. As a matter of fact, most of us do not do what we like. We learn to love our job and adjust ourself. Remember, it is only a tool to pay the bills.

Secondly, once u quit from your job, u will definitely get a temporary relieve. Soon, u will face another kind of stress.

No body wants to employ u @ 45 years old even u offer them a significant pay-cut. U will be evaluated with someone half yr age and so on.

不要冲动。Go look for another money generating job/buz before u quit. ENDURE!!!!

For yr info, all of my friends who quit their job at their 40s did not end up well. They regretted why did they not listen to my advise then.........

[Guest Semi retire]

lohwpr,

You have given some sound advice, the issue is how much endurance can I still tahan  For my case, I am thinking of leaving Singapore to seek opportunities overseas.  Rent out my condo and live on within this limit and not eat into my savings.  I would have to find something to do for sure.  Then when I reach 60yo, sell off my condo and live on these money till I depart from this world peacefully.  If I don't do it at age 45, it will be even more harder for me to do it at age 50s albeit I may have accumulated more savings by then.

[abang]

I think I am this stage in life to add my 2 cents worth.

My current job is not paying me as well as my previous one but that has not stopped me from holding on to it.

Why?

It simulates the brain and yes, it covers my bills and more.

At this stage, my wants are few and far between and my needs are limited.

What if I dont work....

I cant imagine myself doing nothing at all..

There is so much of cruising for sex ... I dont have atas hobby like painting or playing the piano..

What can I do for 10 hours of my life on a daily basis?

Edited January 25, 2012 by abang

[Guest Marad44]

At 0.5% interest, a million dollars will earn $5000.00 a year or $417.00 a month. Will many Singaporeans have a million at retirement? Single gay retirees will feel the pinch even more as they may not qualify for HDB and may resort to private housing.

Extra earning can be via renting a room or two, putting a part of the saving in an annuity plan or the not too popular reverse mortgage - assuming you have a property.

Edited January 25, 2012 by Marad44

[Guest Marad44]

... I am thinking of leaving Singapore to seek opportunities overseas. Rent out my condo and live on within this limit and not eat into my savings. I would have to find something to do for sure. Then when I reach 60yo, sell off my condo and live on these money till I depart from this world peacefully. If I don't do it at age 45, it will be even more harder for me to do it at age 50s albeit I may have accumulated more savings by then.

Semi retire, do weigh the pros and cons before you migrate. I do not know where you are thinking of going but the Singaporeans who went to Canada in their 40's, relinquished their Singapore citizenship in order collect their CPF savings prematurely, to buy a home and tide over periods of unemployment. The retiring age is 65 and with 20 years of contribution to the Canada Pension Plan (CPP), you would get between C$ 500 and 600 per month from CPP and OAS (Old Age Security - only if you are a citizen). Though a 3-bedroom condo is much cheaper than Singapore, you would be paying around C$ 600 a month between condo fee and property and tax. Check with folks you know who have done it.

There is a split of views on Singapore being one of the best places to live in, despite the costs. The Pros on Canada are the free or next to nothing health insurance payment, unemployment insurance (about C$ 1600 per month for 11 months if you have contributed for a year), vastness, ambiance and low population density (3 per sq km, compared to Singapore's 7565 as per http://www.globalhea...map.aspx?ind=85)

1) A Singaporean migrant's point of view on Singapore & Canada: https://docs.google....0f6875pcf&pli=1

2) Another: http://www.mrbiao.co...-vancouver.html

3) Income Tax - Singapore vs Canada: http://sg-quitters.blogspot.com/2011/01/income-tax-singapore-vs-canada.html

Edited January 25, 2012 by Marad44

[Phil]

Just for my culture: it seems that you have no retirement/pension system in Singapore?

Aren't you obliged to give each month some percentage of your earning to some administration or private fund, in order to get, when you retire, a pension calculated upon the percentage and number of years , with a minimum age?

[Guest Marad44]

Just for my culture: it seems that you have no retirement/pension system in Singapore? ...

Hi Phil, Singapore's Central Provident Fund is hailed as one of the best compulsory social security saving plans. Both citizen and permanent resident wage earners and their employers contribute percentages of the pay. The contributions earn secure interests and are withdrawn at age 55. Portions are retained by the CPF Board for medical insurance and investing in financial products. The savings are substantial but Singaporeans cough out huge sums of money for homes, cars, surgery and hospitalization. It is a big achievement as well as challenge for a tiny country whose main resource is its educated, healthy and trained masses.

Edited January 25, 2012 by Marad44

[Guest Semi retire]

I am thinking of taking a MBA program and go into teaching to realize my passion to teach. I am keen to teach in upper secondary, JC or polytechnic. My second option is to move to Thailand whereby rental collected from my Condo is suffice to cover the monthly living expenses in Thailand while I look out for opportunities, either to work in Thailand or to start a business in consultancy work.

[tic-toc]

Just to share my experience:

I am hopeless in maths, so all those difficult calculations on CPF, tax, installments etc etc were mental challenges for me and surely not factors that I've considered when I stopped working at the age of 41.

There was only one thought in my mind at that time. "I could continue working to increase my bank balance but I will have no time to spend the money." I would be busy working and travelling, hence the only person who enjoys my apartment will be my indonesia domestic helper. I don't buy branded goods and never feel comfortable in high class restaurants. What am I going to do with extra money? I reckon that I can lead a simplier life.

Sure, a lamborghini car and few seaview apartments would be fantastic but that means I have to continue working till "don't know when" in order to support the loan.

First I cover my back by buying the most expensive hospitalisation insurance, ensuring that I need not pay a single cent even for infinite cancer treatment. Secondly work out a regular investment return. By putting my priorities in order (catch word : MY), I realise I can stop working without being a millionair. In return, I gain my health and Time.