That survey is also silly when MY affluent need more than their UK counterparts to retire... MY bunch sure have more expensive taste than them,... Heck SG only 4.4m vs 3.9m....

Yes and they allow the global premier link that make life easier. I can setup my kid hsbc oversea under MY premier without fulfilling UK premier requirements. With this... all FX transfer have no charges and oversea hsbc ATM debit is free too when I travel.

Recently I have some old UK notes which I just walked into UK hsbc and they swapped to new poly bills for me without charges.

50k a month to spend still not enough meh? Of course sky the limit for some.

Make sure have good health to enjoy it.

I know everyone is different but wondered any real example of how much a 75 yrs old is paying for their annual insurance premium with annual limit of 500K and lifetime 5M...

Infact most plan nowadays are million annual limit and unlimited lifetime...

Ya you are right. Those are fairly new plan last 10yrs ish... wonder how much it is in the future.... mine was upgraded about 7 yrs back to these. My current premium is about 400ish monthly.. expect to go up with the current noises...

All these cost needs to be factored into a regular retirement regardless of FIRE...

This post has been edited by gamenoob: Mar 23 2025, 06:02 PM

56yrs under Allz. They offered me an upgrade. But I think it’s due for increase very soon. I actually over pay by another 400 to build up the cash reserves as I’m hoping to let it run on its own after 65. Let see how the cost escalation goes…

I’m expecting it go to 800 when I’m 60, just setting my expectations for it …

This post has been edited by gamenoob: Mar 23 2025, 07:41 PM

Bro, you only 30s...

Got plenty of compounding lever

Together with your EPF 3k, that US40k added up to easily RM18k monthly at 30s…. In 10yrs time I’m sure you hit double for your Fat FIRE

There are studies show that such retirees get into depression because of the money pinching or thrift discipline that affects them on how to spend when retired as they become over cautious without job.... ended up losing quality life...

Let me look for it again the article, but I can relate though to such articles when older folks caught in dilemma on how much they should spend vs how much to leave behind due to the discipline that they have built upon for 3-4 decades and suddenly need to spend without active income but living off savings/dividends etc. They become even more conservative that they reluctant to spend worrying the pot not able to last them out.

For me I'm looking at my financial expenses tracking and retirement forecasts almost daily to remind myself that I have provided enough until 95-100 yrs old given whatever I can anticipate today... so that I know I can enjoy and spend without worrying too much. I'm more worry if one can be healthy until 80 as I still have many activities that I like to do...before kicking the bucket....

As for your questions.. I believe the C category will not be such. The rest AB and D likely will... or worse did not prepare enough and commit suicide as mentioned by spoonudus....

This post has been edited by gamenoob: Apr 4 2025, 09:40 PM

You already achieved your goal... why taking on more which may expose to some other temptations or risk, especially your pot now is still growing..

This kind of article really suck ... what the narratives they tying to spin... they factored in inflation but assuming zero returns/interest on that pot over next 20-30 years.... even a measly 3.5% at 2% inflation over 20 yrs of 15.7k monthly withdrawals, the pot still have 1M balance at 20th year.

That what I thought... you may have some reason as such..

I may consider the same with my kid on their early steps of financial planning as they step into working career... but with peanuts of course,.,,

This post has been edited by gamenoob: Apr 6 2025, 04:16 PM

Oh no, that investing into equities is part of the diversification and methods that they can utilized beyond EPF. It’s not meant as a gamble for big bucks and leg shaking or day trading. Head out to the world and seize the day is the still the mantra.


It’s part of the education…. To prepare one self to be more financial savvy and informed.

Many young folks nowadays into digital this and that especially crypto that they start to lose the understanding on how the world works at time.

This post has been edited by gamenoob: Apr 6 2025, 07:34 PM

Congrats on your achievement..

Curious to know the components of the 7K, ie just pure food groceries, utilities, insurance, car? Is that 7k at this moment per pax ?

Impressive!

You are definitely building your generational wealth, with your net worth continue to increase, your next gen is well taken care with the pots you leaving behind 👍

Kinda late into the FIRE. I hope my plan will last me till 90+ as. As I’m 56, so considered not RE but im retiring this year. Whatever left is their as it’s meant to zeroed in next 5 decades if EPF stay at 4% and others at 2%. Anything more is a bonus

This post has been edited by gamenoob: Apr 21 2025, 12:34 PM

Should be common. I’m drawing down mine as well and it will be zeroed by the time I hit 110. But it EPF and bonds etc are better than 4% it will run longer or bigger pots leftover. !
Beside I doubt to live to that age. God forbid….

It’s more for buffer and some in emergencies but it’s also meant to provide a leg up … not enriching but at leg up no less. Eco is getting harder and worst off unless one become the top 10%….

More like a leftover than anything to the kid after we hit the bucket.

If able to live long healthily is a bonus.

My current plan is drawing down and halve the principal at 90 assuming portfolio return at 4%. But if it goes to 5%, the principal will increase.

Ya it depending on how one view it. It's just a buffer that I build in...

Will continue to enjoy life as it pass.....

Actually all of you have your valid points from your side of fences. The larger problem for the country as a whole, can't be view from a single perspective. However we can't deny the fact is if more people retire early because they are FIRE.. especially FAT one where they replicated their income, the country will run into budget issues with lesser tax collected from these FIRE folks as they are likely peak tax bracket payer.

One may argue lower staff get promoted to the next level but we all know it take a while for that new chap pay to catch up or may not as some corporate will cut cost and reduce level.

And if the targeted subsidies are abuse, its double whammy. Same story of those on PTPTN folks despite can pay back decided to abuse it by saying because peter not paying so I'm not going to, or only pay minimum. Yes it's their right but, just because you can doesn't you should.

When one FIRE, they are paying much much lower tax vs when earning active income. Whether they want to be productive beyond certain age, it's their prerogative but the fact is tax contribution is lowered. In MY context it's even more complex with different tax option that segregate the collected tax distribution.

To digress a tad. Same issues with automation, when workers replace by robot, ai, etc.. the tax contribution will drop. Revenue is up for the corporate but the tax collected at corporate level will not equal the overall aggregate factors when they are more employed worker. There is an article I read on this, can't find now but those are interesting points to look at when such impact are widening.. while FIRE is much smaller in numbers but Im sure those that fat fire, the cumulative tax reduction are significant.

Technically I retired at 55 and FI and I did for a while but I'm back to corporate world again because opportunity came and I'm back to the same tax bracket per my last role. I need to build a regional team, hire more people, bring more works to Malaysia. Kinda of go to waste if I were continue FIRetired. Actually I want to work beyond 60 if health permit. Brain and body need to work and stimulation to get going, kids grown up etc. but I'm a lot more selective on what I do now. Money is important but that important..or you may say money not important but still important. Bread come before love.

This post has been edited by gamenoob: Sep 1 2025, 09:32 AM