I used to wonder about retiring in a foreign country. The idea was exciting when I was working and in my prime. However, now that I am semi retired, I feel that Sge is the best place to retire for Sge citizens.
CPF is making sure we have an adequate nest egg when we retire. For needy pioneers the govt provides subsidies for this and that. And medical treatment – no one will be denied medical treatment for lack of money. This govt pledge is really heart-warming.
Our HDB flat is an asset that can be used to earn income should we need cash. Most of us have this asset. At present many elderly including retirees are financially independent and have strong purchasing power. As the country progresses with an aging population in mind, retirees can look forward to a good future – a vibrant retirement life.
Terence is retiring in Thailand and Abel is retiring in Indonesia. The ‘push ‘ factor for both men is strong – both have families in the foreign countries. For me and my circle of friends, the pasture is greener at home!
– A personal opinion.
