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Hi Cory, will you consider using annulities as part of retirement planning? At least will not run out of money (unless the insurer close shop....)
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Thanks for your question.
I will exclude it as an additional buffer for now. However their inclusion or not probably will not drastically change my Net worth much when i do retire as they form only a small percentage. If is not, you may have other problem to worry about.
Another consideration is individual safety margins. Some people may want to include CPF or Live-in Property. There is also situation where you may have tapped Emergency fund earlier than expected and requires top-up.
At the end of the day is your own retirement well being.
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IMO:
The concept of annuities is very good but in actual practice so far not so good (In terms of investment returns). i think to be a paid-up FH property landlord is better. There is really no free lunch in what ever way you to look at it.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Before you take the step to go out of the country to retire, why not proactively ensure you can stay within and prosper.
If FT can comes in and survive, why can't we ?
Cory
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(16-12-2012, 11:05 PM)sgd Wrote: My thoughts are in time to come if the government of the day still bring in a lot of FT can consider renting our place here to FT for additional income instead of burning up your retirement savings and then after rent out your place we can go become FT in other country like Malaysia or Thailand. Same standard of living but at much lower cost.
My thoughts are:
Pick a country where the people don't have a history of persecuting minority or foreigners and pick a city to live in, lets face it living on a farm in the country side sounds very romantic but there's going to be a lot of work under the hot sun mosquitoes bugs and chirping insects - we are city dwelling folk we still like our hot showers internet air-con and CNN even in retirement. When I go to malaysia visit some of my relatives in small town for a few days within 1 day I would have visited all the malls done all the shopping massages, whack until cannot eat or drink anymore by the second day I'm already feeling bored if small town like this can drive me up the wall just think what living in a vegetable farm is going to do. You want fresh air get an air freshner it's easier. 
My current pick is Thailand is it any surprise? 
Apart from beautiful eye candy everywhere, cheap booze cheap food, cheap transport, very very affordable medical and very affordable accommodation.
Last time I was in BKK I asked around if want to live on minimum around 3000 bhat that's around 100+ sing a month rental can get a basic room but I think most forumers here can do better consider renting a good decent apartment in place like Bangkok around S$400
Then every 6 months do a passport run or come back for short a visit.
For most of us "Home" is where your "Heart" (read your people) is. No?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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