What is your retirement plan?

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At what age and how much do you think u need to retire? For single/couple

How much per mth u think still ok leh?

I think hor... govt will provide a bit subsidy etc until 1k for current old people

Then those got a bit of money like 1.5k from cpf or what, wont get much or anything from govt monthly..

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To have 2k per mth how ah.

[encourageSome1]

To have 2k per mth how ah.

Depends on yr income n yr savings rate .

Work full time now
Save X %
Invest X-y % (y is the amt of rainy day $ u need in 1 days notice )



Keep yrself healthy
Don't try to overspend.. just live as usual like how u usually would

Retire time work partially for sthg u enjoy

Maybe get 0-20% from cpf

Rest of $ use savings / investment income
Or
those of us who hv spare rooms partially from rental income

[nyvrem]

if 35 now, every month save $1000, put into compounding interest investment (3% returns)

you would get about 300k by 55.

300k with 3% returns every year, you will take back 9k/year or 750/mth

rent out your hdb, another 3k+/mth (3 room going rent quite high. after inflation, smelly smelly 3k+/mth liao)

CPF life payouts, depends how much u have inside there (but u might never get it so F it)

at 55 you can have around 4k/mth SGD of cash flow + 300k inside bank account to generate the interest for you to spend.

go bolehland/thailand retire

    

[炎杀黑龙波]

if 35 now, every month save $1000, put into compounding interest investment (3% returns)

you would get about 300k by 55.

300k with 3% returns every year, you will take back 9k/year or 750/mth

rent out your hdb, another 3k+/mth (3 room going rent quite high. after inflation, smelly smelly 3k+/mth liao)

CPF life payouts, depends how much u have inside there (but u might never get it so F it)

at 55 you can have around 4k/mth SGD of cash flow + 300k inside bank account to generate the interest for you to spend.

go bolehland/thailand retire

    

Seems like main part of the strategy is to rent out whole HDB and go cheaper country 

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Seems like main part of the strategy is to rent out whole HDB and go cheaper country 

Problem is who knows what will happen 20 yrs down the road

[nyvrem]

Seems like main part of the strategy is to rent out whole HDB and go cheaper country 

i just feel, it's better to have options than none and only depend on sinkieland

sinkieland went from third to first in barely 30 years (1960s - 1990s)

it can go back to third just as fast

so if got chance leave, better start thinking.

[nyvrem]

Problem is who knows what will happen 20 yrs down the road

nobody. u or me might uplorry 2mins time and everything cease to exist

but as long as we are still here, we should make plans and not wait around

    

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nobody. u or me might uplorry 2mins time and everything cease to exist

but as long as we are still here, we should make plans and not wait around

    

Ya i thinking of buying an old flat around then rent out current one and save. But the newer flat is also 1978, what u reckon of this decision?

[nyvrem]

Ya i thinking of buying an old flat around then rent out current one and save. But the newer flat is also 1978, what u reckon of this decision?

i abit confused. u thinking of buying an old flat then rent out current one?

how u hold 2 flats at same time?

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i abit confused. u thinking of buying an old flat then rent out current one?

how u hold 2 flats at same time?

Father in nursing home. Sometimes i bring him back.

Now rented to jhb for a few mths she ok w me bringing father back bt slp on sofa. Actually when i bring him back usually he also slp on sofa for easier access to toilet.

Current old 3 rm flat fully paid up in cash no use cpf. My name not in this flat too.

If i buy the newer flat nearby only newer by 5 yrs. 1973 v 1978

Problem is i do wish to bring my father back at times. The selfish part of me also worry he can tong 5 yr MOP or not also

[nyvrem]

Father in nursing home. Sometimes i bring him back.

Now rented to jhb for a few mths she ok w me bringing father back bt slp on sofa. Actually when i bring him back usually he also slp on sofa for easier access to toilet.

Current old 3 rm flat fully paid up in cash no use cpf. My name not in this flat too.

If i buy the newer flat nearby only newer by 5 yrs. 1973 v 1978

Problem is i do wish to bring my father back at times. The selfish part of me also worry he can tong 5 yr MOP or not also

what has buying a new flat got to do with your father able to tong 5 year MOP ?

current flat solely under his name yeah?

u buy new flat solely under your name, u and him live in ur new place

his place, rent out full time for 3k/mth

like that settle liao mah

if he - touchwood - uplorry during this time, flat should go to u if u only child, but once u already got a place, hdb will let u sell ur fathers place lo.

[No guessing game]

Alot of die alone in hdb news. I think will be my fate

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what has buying a new flat got to do with your father able to tong 5 year MOP ?

current flat solely under his name yeah?

u buy new flat solely under your name, u and him live in ur new place

his place, rent out full time for 3k/mth

like that settle liao mah

if he - touchwood - uplorry during this time, flat should go to u if u only child, but once u already got a place, hdb will let u sell ur fathers place lo.

Dont rly want to sell old place. Good location and nostalgic.

A bit selfish hoping got enbloc but seems more and more unlikely.

Want to knw if u all feel this is a good decision

[default]

Alot of die alone in hdb news. I think will be my fate

Wont happen to u la

Condo no one will find out de