Quote:
Originally Posted by charger
I read a few pages back that some bros were considering giving up their citizenship to live in their spouses or girlfriends countries. To me that is a silly option. Many wealthy people pay millions to get local citizenship and others lesser ones are trying their best to obtain one. There are many incentives and benefits as a citizen. Many foreign ladies marry or follow you because you are a Singaporean. Give that up
and you are similar to their countrymen. Best of both worlds are keep your citizenship, rent out your home and stay there a few months a year like a tourist. Believe me they will treat you much better and with more respect.
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Key word is wealthy. Of course if I have $50million i would also like to live and retire in SG. Its a no brainer. But the issue here is that most of us are only getting by. Inflation is eating us alive slowly but surely while wages are stagnant. If you are young, sure can chiong and upgrade yourself find better paying jobs. But letme tell you ageism is real in SG. Once you reach the age if >45 years old, good luck to you trying to find a job, any job that isn't grab or foodpanda. That is the reality in SG. If you don't have deep pockets or savings or your savings are mainly in CPF to see you through your old age, better spend the CPF wisely in countries where you can leverage the strong exchange rate. And the only way to take out cpf is to give up citizenship. There is no other way. This is the hard truth