Comments on: 9 Retirement Planning Mistakes

By: Tyrone

Tyrone — Wed, 30 Sep 2009 12:37:03 +0000

This article has been featured at Ezine Articles

http://ezinearticles.com/?id=2951018

By: Chris

Chris — Thu, 10 Sep 2009 01:07:00 +0000

I have something to add.

As we age, medical expenses go up as well. Don’t let our kids carry the burden because of our health.

By: traineeinvestor

traineeinvestor — Tue, 08 Sep 2009 06:27:30 +0000

This is a great list.

Another mistake is to rely on a defined benefit pension plan or (worse) a pay as you go company pension plan - there are a lot of companies which have underfunded or defaulted on their obligations.

Cheers
traineeinvestor

By: RTFVerterra

RTFVerterra — Sun, 06 Sep 2009 13:22:38 +0000

Hello Tyron, this post is very helpful. Many do not plan for the retirement specially those who live just for the day. In our place, most elderly are under the care of their grown children.

By: Dias

Dias — Fri, 04 Sep 2009 18:35:08 +0000

Hi Tyrone,

I read your blog with great interest. It is like a library for entrepreneurs! Your points especially regarding government dependence and inflation are in line with my sentiments.

Government dependence- In Singapore, most of us have an entitlement mentality. Just because the government has created the Singapore Miracle, transforming it from a 3rd world to a 1st world country doesnt mean that the government is RESPONSIBLE for every single citizen.

Inflation- This is probably the most powerful point people have to think when it comes to retirement. When we retire, we are probably relying on our passive incomes (if any) or retirement savings. For the most part, our expenses will probably raise due to more consumption. Secondly, the raise is understated because inflation always rises approximately 1% yearly… now if our monthly expenditure is roughly around $2000, yearly expenditure will increase by $2400!

And there will be compounding as the years go by.

By: itot54joni

itot54joni — Thu, 03 Sep 2009 19:27:20 +0000

tol thanks sa pagvisit sa site ko!

By: Zen

Zen — Thu, 03 Sep 2009 18:43:28 +0000

I think a lot of asian ppl (not sure about philipine) tend to overshoot their budget in children’s education expense, which consist of large part of one’s wealth accumulation in the life time. If children’s educational fee is addressed and planned properly, we should be able to do much better after retirement.