Thursday, July 08, 2010

Retirement

I was intrigued by a newspaper report that in Europe, the retirement age is pushed back to 70 yrs so that the pension scheme that they had there will continue to function fully. I guess with a aging population, it's harder to support with a diminishing working class as the birth rates cannot continue to support an inverted pyramid for long. It's just too unstable.


Retire.


If you break up the word it become two parts - Re and Tire. Re means to do it again as in retry and reboot. Tire means to be exhausted, to be fatigued. The word sounds bleak doesn't it? To retire these days is not to sit back in your home, blessed with people who would support you. I think the image is going to be replaced by one which you have to work to support your own subsistence. Thus to retire means that you have to work again (in an environment that you are not appreciated and are lowly paid) and be fatigued by it all. Gloomy, isn't it?





I don't want to have such a bleak future. Thus, I think it would do good to think about retirement. I think the main concern would be health and money. It's good to think about a time when you can not longer function as well as you do when you're in your prime days. A passive income stream to support your own keep is great. A healthy savings to last beyond what you can spend is a blessing. And most importantly, good health to make it all meaningful and worthwhile.


Got to start planning.

---------------------------------------------------

After reading this again, I felt that I had left out something. I realised it now. It's no point having good health, good money for retirement. You need someone to grow old together too. May be your loved ones, may be your children, may be your best friends or even a cat :)

24 comments :

Anonymous said...

Hi LP,

Thanks for your thots!

I also believe in doing our part in health, $ and family.

I like MM model of "retirement" tho.. pm->sm-->mm. :) higher value added; not neccesary in monetary term but in experience & knowledge.

*Dad finally decided to retire next year at 72. This is his second attempt to retire. :) first was 10 yrs ago.

Cheers!
hh

AK71 said...

Hi LP,

You will outlive your cat. ;)

Createwealth8888 said...

The nature of cat doesn't make it a good campanion

la papillion said...

Hi HH,

Wah, your dad must be having fun so that he don't want to retire :)

It's good also because it fills the mind and soul with purpose :)

la papillion said...

Hi AK,

Cats have 9 lives :)

If mine don't have 9 lives, then probably I'll get another one, haha :)

la papillion said...

Hi bro8888,

Oh, I violently protest that cats are not good companions! It highly depends on the personality of the cat, which is unique, just like dogs. Some dogs are friendly (ok, most dogs are) and some are not friendly at all. The same goes for cats.

Cats are like fishes to me, the joy is not so much to elicit a emotional response (though cats do provide emotional response). The sight of them napping and grooming themselves, snuggling up to someplace which is comfy and warm, is enough pleasure for me. It's a quiet sort of pleasure, a life lived in gratitude knowing that the cat can go anyway it wants to go but chooses to be beside you.

On the other hand, dogs are too eager to please. I prefer the independence of the cats anytime.

la papillion said...

To all,

As I returned back home yesterday night and waiting for the lift, a cat which is familiar to me walked up to me, with tails straightened and meowing visibly at me. Irresistibly, I knelt down and she walked around me, making the ritualistic cat's greeting of rubbing her scent onto my jeans and bag. I 'returned' the greeting by stroking her cat and just behind the ears and under her chin. Satisfied, she sat down with her back facing me watching the lifts, seemingly ignoring me.

As the lift came, I walked into the lift, giving the cat a final pet on her head. Surprisingly, she followed me into the lift. As there are others in the lift, the lift stopped at 7th, way before my floor. The cat went out of the lift meowing all the way out. I tried to ask her to come back but she didn't want to, so I let her be on her way.

I felt highly honored by her short presence. That is enough for me :)

Anonymous said...

Hi LP,

A cat used to come over for makan at my place. She had several places to go for makan(different storeys). We knew because she didn't come to our place whenever we were on holiday. Sometimes she will sneak in and got to sleep over in the living room.

One day as usual we left her food outside but she did not come for several meals. When I saw her at the wheel of my car I said "hey, 死去那里,we left food for you..."

She died. We didnt' know how she died :( but we knew she died at the wheel of my car so that we knew she died. What a cat.

We buried her near a tree.. & sometimes we talk about her.

So thankful for all the lovely cats :)

Cheers,
hh

Buggery said...

Yeah cats... Companionship. That's why we have old ladies keeping a roomful of cats! :p

Createwealth8888 said...

brolp, may be you are special and so it is just an exception.

Generally, dogs are faithfully to their masters and will make a good companion.

Most cats bo chap their masters and live in their own world and at their own time.

Anonymous said...

Dog or Cat? Are you a Dog Lover or a Cat Lover, I like to ask this question quite often. If you are a Dog Lover then you are someone who needs a lot of love and attention but if you a Cat Lover then you are someone who gives love and attention to others. A lot of cats are more independent, wondering freely around and will go back to their home after sometime but a Dog, have you seen a dog wondering around your neigbhourhood or are you prepared to let your dog wandering around. Dogs are so protected. Cats are not so, why - is it because they really have 9 lives.

Just wondering ....

Gal,

Anonymous said...

Hi Gal,

I like cats! mainly to observe them because they are so "cool"! aka bochup. Someone published a book abt Singapore cat. He said cats from different countries behave differently. Hey, its quite true :)

One reason I like cats more because I am not able to give so much attention to neither cats nor dogs. cat is "lower" maintenace?

cheers!
hh

Shud'n said...

Soon the retirement age in singapore will be pushed to 65 in 2015 and then to 67. I won't be surprised if the government makes us work till the last day of our breath =)

Daniel said...

Hey LP,

That's really true for some cases that having money and health isn't good enough.

Without a soulmate to share the joy and happiness, everything seems empty.

Having said that, guys...everyone should really work towards multiple streams of income if you don't want to work till that old.

Dan

PanzerGrenadier said...

Hi LP

I've read "The Four Hour Workweek" and internet articles pertaining to "lifestyle design" and realise the entire concept of "retirement" is out-moded in today's context.

My own plan is to keep working as long as I can in my current career (internal audit) but at the same time prepare myself by looking for independent directorship opportunities which can be considered a plan b or alternative career post 62.

But I intend to take care of my physical and mental well being to be able to still keep active and keep a cashflow going.

I'm also exploring the possibility of migrating to a lower cost ASEAN country when I am in my 60s to make my income from whatever I'm doing then stretch more than I am in Singapore :-)

Be well and prosper.

Createwealth8888 said...

Get out of Rat Race as soon as possible and be ready to fire your boss at your own time.

If you still to kowtow to your bosses' KPIs and get their blessing for your next pay rise and bonus to meet your expenses. Your worklife can't be that good, right?

la papillion said...

Hi HH,

Hmm, sad story. Jade saw it and cried actually. Very thankful for the company of cats :)

la papillion said...

Hi Buggery,

Haha, it must be quite CATastrophic when they start meowing for food :)

la papillion said...

Hi Gal,

Hmm, I agree with your analysis. I've seen studies of such before and I must say there are a lot more dog lovers then cat lovers. Even the movies will often portray cats as evil compared to dogs which are good :)

I guess dogs don't wander around the neighborhood because they are perceived as more dangerous than cats. They can bite small children. Cats, though technically not allowed to wander without them being neutered, are allowed more free reign cos they generally do not disturb people. In fact, they will often run away.

la papillion said...

Hi Shud'n,

Hmm, 67 might not be enough. I guess you're right, it's going to be pushed later and later.

la papillion said...

Hi PG,

I guess it's the definition of retirement we're talking about here. For some, retirement doesn't mean an absence of work but rather a more leisurely pace of work. Work for money and work for occupying one's time can be quite different, I guess.

Going thailand seems a good choice :)

la papillion said...

Hi bro8888,

Haha, for me, there's no KPI to meet in the first place. Alas, I'm a harsh slave driver to myself too :)

la papillion said...

Hi Dan,

Haha, I also want multiple streams of income :) What will it be? Bonds, stocks, business, properties, kids??

Priya J said...

I came across this link on investment linked policy, hope can provide more insights.

investment linked policy