Quote:
Originally Posted by TMNT99
If any of you is thinking of retirement in Asia, please dont give up your SG citizenship! with the enhanced medishield that covers all pre-existing illnesses, etc. Go live the life you like somewhere else but come back to SG when kenna terminal illness and when mobility is affected. You cant really get around much on a wheelchair in other Asean countries.
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yes.
on giving up sg citizenship: best do it young. before 40 (more flexible for females).
Else, dont! Especially for males due to national liabilities.
After you have finished your national liabilities, it is the time for you to reap the benefits.
What benefits?
1. medical service. Our medical standard is considered best in the region (SEA). please dont come compare to countries beyond that unless you can migrate there and become their citizen.
2. HDB flats or other real estate asset. Its appreciating till they decided not to increase the population here as land here is fucking scarce. rental yields for hdb flats are high, easily 7-12% pa. Rent it out and live elsewhere and you can live a decent life even with the rental income alone (for 1 person).
3. CPF. It is extremely hard to find anything that pays you 5% pa interest guaranteed by the govt, risk free (for special acc). You should not be relying on it as the only means of retirement, but its also too good to give up.
4. Passport. Just common sense. Visa free to travel to most countries in the world. Saves fucking lots of hassle.