Philip Roth (American novelist & writer) once said: “Old age isn’t a
battle; old age is a massacre.”
Is it, really? The answer is Yes and No, depending
on who you ask.
For seniors who have planned ahead and with good health and wealth, they would disagree with this statement. For seniors who have no health and no wealth and struggle daily to put food on the table, their answer would be yes. A recent study revealed that anyone with S$4M in their banks can retire comfortably here. For those seniors without any ‘hidden’ wealth, they have to continue working because it’s to late to start planning for old age now! ☹ It’s a double whammy: shrinking income vs rising cost of living here! Something isn’t right!
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