Retire at 60 ? Want or don't want ?

View Poll Results: Do you agree to raise retirement age to 60 ?

Voters
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  • Yes

    16 53.33%
  • No

    10 33.33%
  • RETIRED already !!

    4 13.33%
Results 1 to 15 of 24

Thread: Retire at 60 ? Want or don't want ?

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  1. #1
    Join Date
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    Retire at 60 ? Want or don't want ?

    Raise private sector retirement age, Guan Eng urges Putrajaya

    EXCUSE ME !!! - Do we have a say in this matter ?

    As long as you don't mess with EPF withdrawal age .... then it is another story altogether !!

    http://www.themalaysianinsider.com/m...ges-putrajaya/
    Last edited by currymee; 23-12-2011 at 03:42 PM.
    Everyday is a good day for GOOD FOOD and a GOOD LAUGH

  2. #2
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    if the person is still contributing effectively to the company, why not?

  3. #3
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    Yup as long as they do not prohibit me from withdrawing everything from my account at 55. If i am still working then there is no worry that i dont have enough money after my epf money has 'finished'!!!

  4. #4
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    Quote Originally Posted by cml
    Yup as long as they do not prohibit me from withdrawing everything from my account at 55. If i am still working then there is no worry that i dont have enough money after my epf money has 'finished'!!!
    Unfortunately, I suspect EPF will also want to raise the withdrawal age so that they can "roll" our money longer ... just a hunch !!
    Everyday is a good day for GOOD FOOD and a GOOD LAUGH

  5. #5
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    Aug 2010
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    hmmm a good yes and no ....

    yes if I can still contribute
    no if mind and body is already feeling the strained of working as kuli!!!

  6. #6
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    Ideally to retire at 40. Then go on a world tour and continue to party till kingdom come. That, of course, is provided you're earning as much as Bill Gates. Otherwise, 60 is a nice age to retire.
    "Choose a job you love, and you will never have to work a day in your life." --- Confucius

  7. #7
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    Quote Originally Posted by QuietStorm
    Ideally to retire at 40. Then go on a world tour and continue to party till kingdom come. That, of course, is provided you're earning as much as Bill Gates. Otherwise, 60 is a nice age to retire.
    Earning as much as Bill Gates I can retire at 25...

  8. #8
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    You do not want to work your whole life and I think 60 is good age to do it ie if you are financially sound

  9. #9
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    To me, the diff btw retirement and working is:

    Retirement: doing something you love to do (eg part time lecturer, passive investor, social worker, etc)
    Working : doing something you have to do

    just my $0.02 rupiah
    A compassionate heart is a clear and cool place

  10. #10
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    I have a friend who retired as a flight engineer in sia more than 15 years ago, He has managed to accumulate a big nest for himself and he has not been working ever since. When he left he was earning like 18-20k sing a month. I suppose he also had a very sizeable cpf amount sitting there when he retired. He has a 7 series in spore and live in a small bungalow in spore with a holiday apartment in johor. He goes for a holiday every year and I mean real holidays like cruises and stuff like that. I dont think that we malaysians can get to do that if we retire drawing 20k ringgit a month. We woudl probably have much much less in our epf. As i told him singaporeans can retire and live like that but not us malaysians.

  11. #11
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    Confucius said "find something you love to do and you won't have to work a day in your life."

    The caveat is that you have to remain healthy, whatever the age.
    " In the land of the blind the one-eyed-jack is king."

  12. #12
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    Guan Eng should just leave private sector outta this issue. Its for private sector to do/consider. It is NOT a national issue to worry about esp when those policy related ones, affecting all, are yet to be settled by the ruling party.

    age 60 or even 62 or whatever and healthy aint the issue. Yearly renewal Employment Contract can be dished out as long as the medic insurance/expense is taken care by the contracted employee. Not an issue according to my friend who employs a number of very productive retirees. BUT no private company is keen to take on a retiree with all kindachy problems, and whathaveu sickness & repeated MC.

    'Financially sound' is relative. 1thaiman's banana tree could be enuff for him. ANother 1bolehlander might have 100000hectares of musang king and still not satisfied. Its not rocket science to do a simple addition math.

    Yang Ada Berholidaying ToonIstimewaUtama xlatotupai
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