Money Mind

General Category => The Common Lounge => Topic started by: vezelover on Nov 03, 2024, 09:37 PM

Title: what age you want to retire vs what age you will probably retire
Post by: vezelover on Nov 03, 2024, 09:37 PM
i want to retire by 50-55
retire as in totally no need to work, got enough passive income

probable age of retirement: I don't know
Title: Re: what age you want to retire vs what age you will probably retire
Post by: mGx-Alander on Nov 04, 2024, 02:15 AM
i dun think i can stop working until i reach 65, considering i take 25year loan for a hdb as a bbfa and can only start buying at 35, it is at least 60
Title: Re: what age you want to retire vs what age you will probably retire
Post by: jim889 on Nov 04, 2024, 03:32 AM
Quote from: mGx-Alander on Nov 04, 2024, 02:15 AMi dun think i can stop working until i reach 65, considering i take 25year loan for a hdb as a bbfa and can only start buying at 35, it is at least 60

at least chiu hab a hdeebee falt
 :flash:
Title: Re: what age you want to retire vs what age you will probably retire
Post by: sTiCkY on Nov 04, 2024, 07:21 AM
if no work... everyday home alone lagi cham...
Title: Re: what age you want to retire vs what age you will probably retire
Post by: Mummy1234 on Nov 04, 2024, 09:57 AM
I wanna retire by 50-55 years old.

Probable age : depends if I tio pok. If no pok, prob at age 65 years old
Title: Re: what age you want to retire vs what age you will probably retire
Post by: jim889 on Nov 04, 2024, 02:23 PM
Quote from: Mummy1234 on Nov 04, 2024, 09:57 AMI wanna retire by 50-55 years old.

Probable age : depends if I tio pok. If no pok, prob at age 65 years old

get chiur full reg first rah. then decide

 :flash:
Title: Re: what age you want to retire vs what age you will probably retire
Post by: Suntan on Nov 04, 2024, 02:49 PM
Moi was aiming to retire before 50 but it got extended to before 60.  *sad*
Title: Re: what age you want to retire vs what age you will probably retire
Post by: nyvrem on Nov 04, 2024, 02:52 PM
39 atm, aiming to retire at 42, should retire by 41

Title: Re: what age you want to retire vs what age you will probably retire
Post by: default on Nov 04, 2024, 03:28 PM
Quote from: mGx-Alander on Nov 04, 2024, 02:15 AMi dun think i can stop working until i reach 65, considering i take 25year loan for a hdb as a bbfa and can only start buying at 35, it is at least 60

your income so high. u qualify for singles? oh so u must buy alone 3 room or 4 room right? i rem u say u want 4 room only

and u live somewhr near central right

so with these requirements and u want a newer flat means 1m and above, i estimate your CPF currently 200k+ minimally that can be used

and you will probably plough 100k for the cash portion. then minimal renovations, if any, of about 30-50k

anyway just the HDB portion you will probably still owe about 500-600k upwards for loan

my calculations correct boh
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