The Agony of Working in Your 60's

This is really the inconvenience truth and may sound scary to some

• As you start to age, fitting into the complex hierarchy is an issue
• Best to leave before you hit 62
• Your grey hair and double chins would be a piss off to your younger peers. But their time would come too.
• Your ability to learn new things would have slowed down tremendously. Don't worry too much as you are not alone in this
• Your daily experience would be quite irrelevant
• The only drift wood that you could offer is your ability to survive in a severe economic downturn in your office. Meaning to say that you can survive in an ocean, but your young peers would be drowned in a swimming pool
• Meeting deadlines is not an issue to you owing to your vast experience. But to the wannabe and pretender would be an issue
• Forget about withdrawing the mandatory saving (cpf) imposed by the gov't, as by now you should have enough fund in your hand
• Can't stand those colleagues who have left the co, but still need to come back. It is like a bird that has been released, but still need to come back like a homing pigeon
• Don't complain too much about sitting arrangement but concentrate more toward passing your roles to your peers
• Avoid causing serious damage to the career of your tormentors who might have oppressed or irritated you, for they might have elderly parents to take care

 ( Final advice by the owner of this blog:-   Be gracious and learn to walk away peacefully )

The HR of Today

During the past 5 years the HR ( Human Resource) has undergone tremendous changes.

• CV is no longer the primary factor in staff selection
• Job hopping is no longer condemned
• Style of interview is geared toward the X-Gen and Y-gen
• The ability to learn new tasks, adapt to new working environment and a good attitude in accepting changes are the pre-requisite most sought by HR
• The style of interviewing a new staff has changed tremendously. The old way might still be relevant if you are working for a non-profit organisation
• The ability to outsource every single task is the rule of the day

( Would expand this topic as more feedbacks are obtained. Ignore this message at one 's peril )

 

Look is Deceiving

• In your 60's you would have grey hair and double chin. learn to accept it as this is part and parcel of it
• Don't waste huge sum of $$ getting that periodical facelift as it is an endless visit to the clinic
• Dying hair and getting a new hairdo is also the trend if you need to look good
• Excessive dying of hair may has its potential health issue
• The tell tale signs of ageing cannot escape the eyes of the seasoned and socialised guy, simply because you cannot hide the ageing condition of your fingers and toes, especially the nails.

( Apologise if this hard facts had hurt or erode the confidence of some wannabe )  

Life Closure

Once this chapter is closed. This dreadful question would surface.  Is there life after this?  Yes, and every individual would be accountable to the Creator or whatever you perceive Him to be.  This closure also brings to an end to all kinship, wealth and fame.

Before reaching this chapter of life journey, do clear all hatred to both the living and the dead while there is still time. By removing hatred we too would be pardoned for our short coming. There is a belief that if hatred is not removed the deceased would be entombed in agony and awaits for your forgiveness.

 A beautiful poem in a song

Staying Relevant After Retirement

Owning a PC or Notebook is the gateway to stay relevant. If you do not own a PC, Notebook, Tablet, Ipad or have an email address, you are technically disconnected in this fast moving world of the 21st Century. In fact, with these IT gadgets you may never need to subscribe to the daily newspaper which by the time it is delivered to our doorstep it is already stale news.

Since there is no more the need to observe the 9 to 5 working schedule, you still need to occupy your time. Expanding your hobbies would be great. Take up a course to learn how to assemble and dissemble a PC.  Eventually build a PC by sourcing all the parts and loading it with the software. This hobby would never come to a standstill as IT is the forerunner in the field of technical advancement. With your acquired skill, you could easily render your service to those non profit organisations which could bring you to a new level of connectivity.

Activate other hobbies such as photography, golf, free and easy tour or launch your Zodiac boat once a week and stay within 1 nautical mile along the waterfront/coastline.  While engaged in your hobbies do random check of the stock market to ensure a good return of your investment.



( These are some of the ways to stay relevant.   This topic would be expanded further  )

Wealth

Having accumulated a liquidity of at least US$1.2M (excluding spouse) upon retirement would come in handy. With this in hand, a passive income could be generated with some planning. What is passive income?  It is an income that is obtained without the need to work for a monthly pay cheque. The most common form of passive income is derived from the rental of property. Owning a property also has its hidden risks and costs. In time of property bubble burst you could be losing 30% to 40% of its value. Rental property that is left empty while sourcing for a tenant is no longer tax exempted. With any new tenant taking up a rental agreement a commission needs to be paid to the estate agent and probably the home needs to be renovated or replaced with furniture that the tenants requested. ( This is a massive topic and we shall stop here )

Getting a passive income from the stock through dividends return is a good source of income. Learn how to trade online and enjoy the cheap commission that is gained and is the recommended method. Learn to flip the stock when the gain has reached 30% to 50% which would reap you an instant profit. It does not mean once you have sold off your blue chip stock you can't return until it reached another low again. It is more about buying in a lesser quantity than what you have just sold. This is a tricky part which depend on the volume which you are involved and the strategy that is being deployed. Believe in your blue chips and stay diversified. Getting a turnover return of 3% to 4%  from your portfolio is quite simple which is adequate to hedge the annual inflation. Never dream about making a kill in the stock market or you would get killed instead.

Getting bank interest from your fixed deposit is like cutting the inflationary by 50% as the usual FD rate from the banks is hovering between 1% to 1.5% which is inadequate to absorb the full inflation rate of 3%.  Anyway, it could still generate a sort of passive income for the rainy days.

Always remember what the seasoned expert said about trading in stock

When you are no longer collecting that monthly pay cheque from your employer, you should not be caught with big ticket items such as servicing a car loan, taking care of your child education, servicing a housing loan, servicing an extended family, involve in a matrimonial split and other nightmarish act of self destruction.

For those who can't even generate a liquidity of US$300k upon reaching retirement age, please stay employed as that monthly pay cheque no matter how small is still important to you.

( The writer in this blog does not professed to be an expert in wealth mgmt, but someone who has good mentors around )

Issues that can't be overlooked when retiring

Health

Ensure a balanced Lifestyle with proper exercise and eating habit so as to avoid stroke, diabetes, heart disease, cancer

• brisk walking is good for you 
• daily deep breathing for 1 minute to ensure proper oxygen distribution in the body
• be aware of the need for stress management
• sleep environment should has a free flow of fresh air ( don't be a paranoid about the gecko that would appear at your window, just spray the gecko repellent twice a month and it would run away )

 

 

Spouse & Aged Parents

• don't engage in useless squabble as it would create stress, anxiety and hatred
• engage in hobbies, pc, facebook and video games, sports etc.. to divert your energy
• go on a vacation with good friends & colleagues could be a good ideas
• if you can't get rid of the squabble don't bring it along on your vacation or even mull over it
• remarrying is not a solution as every Mr Right or Miss Right comes with a guaranteed set of problem
• for aged parents, by default you are already part of the family tree

 

(  the writer of this blog does not professed to be an expert in wellness of life.   Topics would be expanded as more feedbacks are gathered )

Feedbacks from Family Members, Mentors and Friends on Migration

Very useful and sincere feedbacks

• what about your aged parents
• why become second class citizen in another country
• trust in God and He will erase your worry
• the grass over there looks greener but may not be the case
• every corner of the world has its own problem

Information Gathered on NZ

Information gathered on migration entry into NZ

• Individual needs to produce a certificate of clean health
• Individual is encouraged to contribute to the NZ economy especially if you are a professional in a trade
• If you are between the age group of 60 t0 65 yrs old and intend to gain entry into NZ with an Investor Visa, you are required to invest NZ$1.5M in property, approved NZ gov't bond, etc....
• There is no age limit if you are a high Net Worth individual with a fund of NZ$10M. Needs to transfer that fund into a NZ bank
• There is an affiliate that claim to be authorised by the NZ Immigration which has a 99% success rate in helping people to migrate to NZ ( the link can't be copied here as it is copyright, but i could be sent via email for direct access to that website )  This affiliate is known as Immagine New Zealand Immigration Specialists and it holds regular seminars in Spore, Msia, HK and Indonesia

( would expand on this topic as more information are gathered )