Recently, I chatted with one of my colleagues, who is in her 50s. She and her husband are still working and they have 2 children. She was sharing that she has no saving. Retirement has never come across their minds. She recently upgraded from a fully paid 5 room HDB flat to an Executive Condominium (EC) that costs them close to a million dollar. Here are what amazed me: Me: How long is your mortgage period for the EC? Her: As long as I am alive (I thought it was a joke) Me: Cannot be beyond 65 years old, since bank will not loan above retirement age? Her: Why think so much, I have no idea how long my mortgage is. I only know I can't stop working. Life is too short to think of money matters It comes to my mind that many people in older generations don't have ......