Singapore: Your Ideal Retirement Haven Unveiled! Here’s Why
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- Опубликовано: 7 ноя 2023
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Today’s Video
Singapore has been touted as one of the most expensive cities in the world, and with rising inflation and cost of living, it would be a stretch to even consider Singapore as a retirement destination, but less a TOP Choice among many other cities??
In this video, we are going to uncover some real numbers in Singapore, and share with you why retiring in Singapore can be a huge advantage against other cities, the realities of the cost of living here (from a Singaporean’s perspective), and many other positive reasons why you will want to consider Singapore as a top retirement destination, even for a foreigner!
If you are new to this channel, we are Fran and John, the Corporate Breakout Couple. John is a true blue Singaporean who has lived in Singapore for more than 40 years. Together with my wife Fran, a Malaysian and Singapore PR who has resided in Singapore for the past 13 years, we retired in 2020 at the age of 40 in Singapore.
We hope you enjoy watching this video, and do let us know in the comment section if you like it!
With lots of love - Fran and John
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@GiovanniJakob That's actually quite impressive,...
@GiovanniJakob I will give this a look, thanks a bunch for sharing.
Greetings from Europe living singaporean, totally agree with you. Singapore is always my top/ No.1 choice. With exception of big space & seasonal climate that's I crave for might be compromise with. Trust me after living so many countries realise No countries is the best. Priorities the factors that matter to us. As you say, Design your life. Be bold to make the change.
Great to hear from you! Thank you for watching our videos!
Agreed with u, travel 45 countries, every things within reach, flat fully paid, safety, retirement cash, bond, work part-time, foods from other countries,🙏💕
Life is great, isn't it? ❤️
Like you; I retired at 43 while my wife at 39.
Somehow retirement give me more time to do research and advance into new playground.
I have bought retirement in Malaysia and Vietnam. Will do a 3 way retirement homes plan.
Thank you for your video. We speak very similar. But must stabilised Singapore assets before venturing oversea.
Wow that's awesome! We spent a month in Vietnam earlier this year and we thoroughly enjoyed our time there.
Bring on the comments!!! We love to hear from you!
Hi guys!
For some reason my comment didn't work out. Let me try again:
Signed-up! Paid!
When originally I followed the first link in the description, which is the main page of the website, I didn't find a sign-up button, there was only login button available... Eventually, I followed the second link in the description and I was able to sign-up. I think this should be fixed if you don't want to lose your leads at the main page conversion :).
I'll begin my course during the weekend but I love your episodes and the approach (no-bullshit, numeric, yet simple). The course itself touches a lot of emotional / behavioral aspects of early retirement / switching from salary guy to someone who responsible for his own wealth with smart decisions, and I like that.
Congratulations on your course. By the way, this is my first course I paid. I don't like info business overall and I always took only free courses but this one was an easy buy for me, so, congrats again!
Hi Sasha! We are so stoked that you will be starting the course this weekend! Thank you for supporting our channel and welcome to the Breakout Academy! ❤️
Yes. I agree with your presentation. As a PR you forgot to mention Tax friendly and Great Healthcare
Thanks for the add on points!
With fully paid hdb, grown-up children, not car owner, both of us achieve financial freedom in Singapore. At age 55, I am still working. Try to move away from job responsibilities slowly. Spend more time to travel for fun.
That's fantastic to hear! Congratulations!
If you are in the upper class and can afford, definitely can retire in Singapore. If not, can consider JB or other SEA countries.
Yes
@@corporatebreakoutcoupleso this video only speaks for wealthy Singaporeans/PRs?
@@cac1504 wow you got that from a simple yes answer?
Love ‘life style inflstion’😂
Haha!
Yes if got money and want HIGH standard of living like clean, good road, transport system etc SG is still better than rest of SEA countries. But if budget is low and want QUALITY of life like space, food, friendliness, kindness, quietness etc then Thailand, Indonesia and Malaysia is better choice.
Thank you for sharing your thoughts! ❤️
No country is perfect. The price to pay for the high standard of living is that it will be more expensive than the other SEA countries.
We have lived in both Singapore and Malaysia for years and it's always a compromise for certain things.
I would not call kindness and friendliness as a quality of life characterstic and certainly I wouldn't call some countries more friendly than the other, in particular. Locations (cities, districts etc) - yes, but not the geographies (countries).
I think I got what they say for SG (I have a friend who lives here and works for 9 years) - SG provides you great services and infrastructure that actually reduces your cost of living (i.e. if you use public transport instead personal).
SG is a good one and I wish I had money to retire at Sentosa someday :D.
But isn’t yr comment rather contradictory. If you are in budget, how are you going to sustain yrself in other cheaper counties? You still need to rent a place to stay which can form a big % of your budget.
Singapore is good for 9 to 5 working for good pay cheque. High income nation especially good for professionals. It would be wasted if dont take advantage of strong Singapore dollar and use it to retire in other country unless the person really like to live in Singapore forever.
Absolutely! Great to hear from you as always ❤️
If u don't have income especially retiree, do u think u can stretch yr dlr. Everything is so expensive. Water, electricity, transport,gst n also tax upon tax like water. Also even if data say inflation is slowing down, thing like food n drink etc..u will also be paying high price. Example coffee few yr ago 70 to 80 cts now 1dlr 30cts, prata 80cts now 1dlr 20cts. Daily necessities also gone up fm 50pc to 100pc after uplift of covid.
No worry, thing will get better next 12 mth as General Election is coming. But will still get worse after General Election.....🤣
@tanhakkoon yap usually 1yr be4 election will give some peanut to gubile monkey n will take back more than 100pc return 4 the next 4yrs. Even with huge surplus they still able to "brain wash" many monkeys to belief money is not enough. This is same pattern they adopt 4 the last 20yrs or more. The topic is abt retirement. Can u seriously stretch yr dlr in spore when everything goes up but never comes down. Do t u think for people with no income they can stretch their dlr on other countries tries like msia,Thailand
Of course retirees have income. CPF payouts is a form of income. Interest from FD is income. Income doesn't mean jobs only, you know.
All the more retirees need to stretch their dollar by making their money work hard. How? By heading over to Malaysia so that their dollar is stretched. By heading to other countries where the SGD is superior. Why do you think so many Americans and Europeans settle down in SEA? We are not saying abandon Singapore. The fact that Johor is just across the causeway is what makes Singaporeans so fortunate. A retiree has nothing but time on their hands. They can use that time, instead of watching TV and rotting their brains, to think of ideas to make their money work hard for them
You are damn right !!!
Hahah thanks
Yes. And Our Social support Structures are unmatched and without parallel
ActiveSg Facilities ( Gym, Track, Swimming Pool)
Community Centre Activities
Work Skill Future
We have much to be thankful for in Singapore
at retirement age, it's better to be conservative on investment. travel to oversea is fine, but don't anyhow invest
I ❤️ SG
Us too!
What is your definition of retirement?
Retirement in our definition is retiring from work that we don't want to do, retiring from working for others & having money work hard for us so that it frees us up to do what we want to do, whenever we want, with whomever we want, wherever we want.
While you are young and have active income uou will definitely find Singapore a wonderful place to live in with the money you could spend. However some people may think otherwise once they are retired (not retired) with no active income and low savings. Cannot blame the opposition for exploiting these disgruntled (disillusioned) group of people.
This is why we advocate people to start saving for their retirement now, even if they are only in their 20s or 30s. It's already too late to advice the people who are now in their 80s and 90s, hence our channel is mainly for people who are currently earning income from their 9-5 jobs.
Most Worker party supporters I doubt they travel outside SG to appreciate government done for Singapore. I will only retire in SG. When I old I try not to hire a helper, till no choice. So much food choice for all budgets . As one get older，driving at night is very dangeous，SG transportation will bring u to 90 of the island and it handicapped friendly. Look at Japan, if u are wheelchairs is very difficult to move in town.
Thank you for watching our videos and sharing your views! ❤️
Hawker food price is getting out of control, cook at home is the way to go. $5k salary is common? i feel majority are earning $2-3k. Definitely not a good place to retire but spending sparingly, still can survive i guess.
As former hawkers ourselves in Singapore (we shared about our journey extensively on our previous videos), we totally empathise with the hawkers. They are just trying to make a living but inflation and other costs are pushing staple ingredients way up, like oil, rice, poultry etc. Not to mention gas, electricity, water, conservancy, rental, manpower.
Plus the govt is always advocating low prices for hawker food.
People have been conditioned to complain over a plate of hawker food but have no qualms dropping big bucks on bubble tea, coffee, coconut shake, fast food.
@@corporatebreakoutcouple All I can say is that hawker food culture is not sustainable, this formula of being Singapore kitchen does not work anymore like before. Fast food is actually cheaper now, a BK Flaming set meal is only $5 including beverage. Cook at home is the way to go like most Western countries.
Rental is expensive because Singapore keeping knocking down old buildings (still in good condition) and rebuild into fancy buildings. The cost is passed into rental, hiking fixed cost of doing business.
?? You made a retirement video that immediately says legally you can't get a visa to retire in SG. Frustrating. Perhaps you can provide options for non-working relocation. I know one option is the investor visa, but that requires 10 million SingD. Anyone with that much money isn't watching RUclips videos for tips on retirement.
Chill chill.
The context for this video was already set in the beginning.
Thank you for watching the video!!
@@corporatebreakoutcouple Maybe not in Singapore, but in American telling someone to "chill, chill" is a bit rude. As for your reply, you are saying the point of your video is to tell people in Singapore already why it is a good place to retire? How is that useful? And you reference foreigners without PR but don't explain what that means. And you don't explain that Singapore is actually closed to all but the rich and a few expats lucky enough to have worked in country for a while or have SG family. And you say you want to tell foreigners why Singapore is a good choice knowing full well that is useless information for 99.9% of viewers. Also, Penang is in Malaysia, not Singapore. Yes, the two countries share a border and peninsula but they are very different. This is just content spew to sell your financial services.
must wait and see how the 4G leaders perform before making decisions. Things may not be the same in the future
No one can predict the future. However the wait and see approach means that time will not be on our side to plan out something concrete. We prefer to be pro-active than reactive.
Crab... Nonsense...
Don't be rude. On what basis do you have to say it's nonsense? Btw, you spelled seafood instead of an insult 😂😂😂😂
@@corporatebreakoutcoupleignore such remark.. didn’t even bother to state the basis
retire in the most expensive city in the world?? Are you kidding?? Why don't you retire there :)
Oh but we are!!! Penang is just a pit stop! Go watch our very first video on our channel
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@PeterEdet-rh5ot That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@ElijahReuben- My advisor is Victoria Carmen Santaella
You can look her up online
@@PeterEdet-rh5ot The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?