About Time to Think About Retirement

Phase 1: 0 to 20 years old - grow up, education.

Phase 2: 21 to 40 years old - work, marry, house, baby.

Phase 3: 41 to 60 years old - semi-retire, baby grow up, baby education, baby work.

Phase 4: 61 to 80 years old - retire, baby marry, baby house, baby baby.

Phase 5: 81 to 100 years old - coffin, baby baby grow up, baby baby education.

Phase 6: 101 to 120 years old - if I'm still alive at this point I will come back to fill this up.

I'm at the third phase of my life, house fully paid, no car, no loan, no helper, no child tuition, no need take care parent or sibling.

Hoping I can semi-retire at 55 years old, by then daughter would probably have completed much of her education and begin transitioning to workforce.

I have no use for my CPF OA since I already got my BTO in 2024, most likely will stay until I die. So I transferred some to my CPF SA after setting aside some money in case daughter need it for her tertiary education.

There's also her baby bonus CDA account which I deliberately tried not to use where possible, this will eventually go into her tertiary fund (PSEA), there's like S$13k+ inside, so I factored that in and set aside accordingly.

I think probably quite safe to maintain S$80,000 (CPF OA + PSEA), should be more than enough to cover all the way to local university. I think can year by year so anything more than S$80K I transfer to CPF SA, who knows later education cost go up again I can adjust.

If this plan works, at 55 I think I might be able to just retire rather than semi-retire. Also a good idea to top up my CPF SA with cash if I have some spare cash.

Might also have to set aside an emergency operation fund in case wife needs to go for operation again but I hope not la.


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