I agree with the benchmarks se

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MHh
07-18

I agree with the benchmarks set by the 2 banks. The retirement sum that one needs really boils down to the lifestyle that one would require. $75 a day would be enough for the ordinary elderly if they only pay for food, not extravagant utilities like long hours of air conditioning and minimal leisure. $200 utilities per month still leaves almost $50 per day, $15 for food and that leaves $35 for simple leisure like going out with friends.

The affluent wants overseas trips which has no upper limit because it depends on how well and comfortable one wants to do it and the number of trips. The main thing is legacy funds. A good man leaves an inheritance for his descendants.

I think the real dealbreaker would be the health of the person. Healthcare is extremely costly and can quickly use up wealth and it affects the rich or the poor. A sick man will burn great wealth regardless and having insurance with a good retirement sum is crucial here.

I see myself as middle class[LOL]

# S$550K vs S$1.87M: 3x Gap! How Much Do You Really Need?

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How Much Do You Really Need?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":288d87ebcd19403191f964e8386f745d}&rnconfig={\"headerBarHidden\": true}","description":"Previously, we discussed $DBS(D05.SI)$ Bank’s suggestion that S$550,000 is needed to retire in Singapore “S$550K to Retire in SG: Have You Planned Your FIRE Number?” and many tigers shared your own investment and savings plans for retirement.\n\nBut now, a new report from $HSBC Holdings PLC(HSBC)$reveals that wealthy individuals in Singapore believe they need S$1.87 million to enjoy a “comfortable retirement.”\nTo retire peacefully in Singapore, ordinary folks need to save S$550K, while the wealthy feel they need S$1.87 million. That’s a staggering difference — over three times more!","image":"https://community-static.tradeup.com/news/13be0a878919667e69bd23919a2ef426"}],"images":[],"coverImages":[],"html":"<html><head></head><body>I agree with the benchmarks set by the 2 banks. The retirement sum that one needs really boils down to the lifestyle that one would require. $75 a day would be enough for the ordinary elderly if they only pay for food, not extravagant utilities like long hours of air conditioning and minimal leisure. $200 utilities per month still leaves almost $50 per day, $15 for food and that leaves $35 for simple leisure like going out with friends. \n \n \n \nThe affluent wants overseas trips which has no upper limit because it depends on how well and comfortable one wants to do it and the number of trips. The main thing is legacy funds. A good man leaves an inheritance for his descendants. \n \n \n \nI think the real dealbreaker would be the health of the person. Healthcare is extremely costly and can quickly use up wealth and it affects the rich or the poor. A sick man will burn great wealth regardless and having insurance with a good retirement sum is crucial here. \n \n \n \nI see myself as middle class[LOL]</body></html>","htmlText":"<html><head></head><body>I agree with the benchmarks set by the 2 banks. The retirement sum that one needs really boils down to the lifestyle that one would require. $75 a day would be enough for the ordinary elderly if they only pay for food, not extravagant utilities like long hours of air conditioning and minimal leisure. $200 utilities per month still leaves almost $50 per day, $15 for food and that leaves $35 for simple leisure like going out with friends. \n \n \n \nThe affluent wants overseas trips which has no upper limit because it depends on how well and comfortable one wants to do it and the number of trips. The main thing is legacy funds. A good man leaves an inheritance for his descendants. \n \n \n \nI think the real dealbreaker would be the health of the person. Healthcare is extremely costly and can quickly use up wealth and it affects the rich or the poor. A sick man will burn great wealth regardless and having insurance with a good retirement sum is crucial here. \n \n \n \nI see myself as middle class[LOL]</body></html>","text":"I agree with the benchmarks set by the 2 banks. The retirement sum that one needs really boils down to the lifestyle that one would require. $75 a day would be enough for the ordinary elderly if they only pay for food, not extravagant utilities like long hours of air conditioning and minimal leisure. $200 utilities per month still leaves almost $50 per day, $15 for food and that leaves $35 for simple leisure like going out with friends. The affluent wants overseas trips which has no upper limit because it depends on how well and comfortable one wants to do it and the number of trips. The main thing is legacy funds. A good man leaves an inheritance for his descendants. I think the real dealbreaker would be the health of the person. Healthcare is extremely costly and can quickly use up wealth and it affects the rich or the poor. A sick man will burn great wealth regardless and having insurance with a good retirement sum is crucial here. I see myself as middle class[LOL]","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/457881384804424","repostId":0,"isVote":1,"tweetType":1,"viewCount":1315,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":806,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}