facebookHow to know when I am comfortable enough to stop work or take on a lower pay job? - Seedly

Advertisement

Anonymous

15 Aug 2020

βˆ™

Retirement

How to know when I am comfortable enough to stop work or take on a lower pay job?

I am 45. Will reach more than ERS. CPF Life will give me >2k/month plus I have sufficient savings planned from age 65 to 90 to reach what I need in retirement. Does it mean right now I can pretty much just do what I like (semi retire)? Are there other things to consider?

Discussion (3)

What are your thoughts?

Learn how to style your text

When you feel you need to do it to stay alive

There are some considerations:

  • any existing debt that may be affected with lower income

  • savings for future renovations/home repairs

  • health/insurance needs

  • whether you have set a realistic budget (and accounted for inflation)​​​

Baby Steps Finance

15 Aug 2020

Seedly Student Ambassador 2020 at Seedly

When you can save 30% of your salary after monthly expenses...

Write your thoughts

Advertisement