Indeed. Good to call out such.

We never know the magnitude, but it's there. Just like all the leakages and abuse.

This post has been edited by gamenoob: Sep 1 2025, 09:34 AM

Absolutely… the tax evasion especially the creative one is where the double whammy or triple came from.

If the country able to do well that many can FIRE, that is possibly another aspect of society governance maturity .. one that I doubt we ever see locally … illicit one plenty I think hahahha

Yeap... And that the irony, you at peak earning where you have work so hard for over the decades... Of course there are always exceptions

Has to have the push and pull factors to wedge one out at the peak.. if health all good, no life crisis or family issues, self volunteering would be rare...

As much as I like that, eventually something happened and you be a tad more careful later.

Sometime not because we deliberate, the body literally telling you as you aged. Can’t eat as much, digestion not as good etc. But there are always outliers who never seems affected and goes crazy.

45 is number where most feel as a first major aging and next one is 60 if I recall the article that did a large population survey…

What a dread…🥹

This post has been edited by gamenoob: Sep 3 2025, 07:34 PM

Many despite being high income earner, when it comes estate planning is quite appalling... And we not talking about investment for FI or RE.

Met many actually don't have own insurance despite hit above 40....company insurance is not transferable and tend to get abused and this where it's double triple whammy. All those easy access medical treatment and appointments etc will now be available to the system where if they try to get onboard at that age, they get hit with high premiums and exclusions...

Company medical plan have limited coverage too.... Anything from annual 30k to 60 -90k for mgmt level. Beyond that you in your own.

I don't think they are anti insurance per se, I think more ignorant about it until too late into the process. They have been employed longest time and things are status quo for them when it comes to medical insurance.

While it seems cheaper premium to start early, it work out about the same as one pay longer period, however with medical cost increases, these early pools running out of rooms and premiums escalate rapidly as it hit aging curves.

Upgrade to another package or new one also subjected to exam check which will uncover pre existing at advanced age that get excluded unless you get option to upgrade from original status which sometimes they do offer that to their existing long clients. I got that option from Allianz like 7 years back iirc. Perhaps due to some of their algorithm/logic, or maybe I have not claim anything for almost 20 years, I did bought new supplement policy as add on coverage from them 10 years back where I have to do some blood and health check which was ok and acceptable to them.

Took their upgrade package, of course the are premium increases as now it's become lifetime unlimited with 1m annual cap. But to able to have it just before big curve of 50 is comforting because usually you get all sort of health check and exclusions at such late entry. All these was sorted before the COVID and recent health cost escalation that now suddenly went quiet now. Once the cooling period is over, I terminate those add on policy and consolidate the premiums to the upgraded plan.

And yes, I have factored in the increase premiums into my retirement numbers with recent quantum as guidance for next 30 years until 85 so it's something that I will not fret when it continues to rise as long as it within the projected inflation rate.

Else public health is where I go next after that if it's beyond my numbers. God forbid what would be our future public health care like by then....

This post has been edited by gamenoob: Sep 5 2025, 09:04 AM

I think ramjade does not literally mean override the DNA but rather taking pre caution with diets and exercise to minimize the probability and risk factor. Are you ramjade?

Secondly on medication for cholesterol and BP and yet still whacking all the excess food and no moderation and no exercise is also wrong.

I was on similar meds about 2 decades ago for cholesterol and then BP about 10 years back.

Today manage to cut off both after I lost some weights... Half of the weight lost are intentional and half was consequential from health complications. Cholesterol now is lower than ever before at borderline and BP is normal but need to monitor daily on my own and it's borderline but my doc is ok with it as long as I keep up my physical activities, maintain weight level.

I still enjoy the food but not the portion. I don't drink or smoke. Maybe at college puff casually but have not touch them for decades.

So moderation and BALANCE is key. Relying on med to manage such always carry some additional risk and side effects which you will pay later.

This post has been edited by gamenoob: Sep 6 2025, 05:32 PM

Bank Islam RM told me they can still grant car loan or credit card for retiree if deposit some FD for certain tenure. I didn't explore further.

But it's best to ensure you have credit card and loan processed before out of job.

Trading platform like fsm have much smaller entry or min purchase value.

100k onward usually are via bank.

Actually to retire electively instead of being forced out at 60, it's something one need to prepare and plan for...mentally beyond just financially.

I took a break with no intention to back to work after I hit 56 as preparation to retire early. Bought my self a weekend open top car and start to mod and enjoy the car bromance community. Dusted off the PS5 and playing the games.

2 months later I started to feel bored out of fix routine, and by 3rd month, I'm back to the grind working at another corporate. Still making same pay but I decided to take it one step at a time as I can walk away at any time and no longer subjected to the shackle of employment salary.

3 months into post retirement new career, I do missed that few months break but I learned something. I need to plan alot more ahead for the full time retirement and walk away from it all when the time comes.

Partly because I still have the option where some MNcorporate don't mind the age but it does reduce the opportunity as one hit above 50.

So yes, for me... Going full retirement away from decades of set corporate routine does required some withdrawal process...mentally...

Nonetheless it's not that there are nothing much thing to do, the question is are you ready to embrace it when it comes electively. Unlike one being kicked out at 60 where you have no choice etc.

This post has been edited by gamenoob: Oct 29 2025, 02:49 PM

Especially when they no longer have active income.... It's a paradigm shift which many find it hard to cross... Hence they continue to be thrift and reluctant to spend.