Salary.sg Forums - View Single Post - Whats your net worth
View Single Post
  #1008 (permalink)  
Old 05-06-2013, 10:22 AM
Unregistered
Guest
 
Posts: n/a
Default

I am 55, happily retired. My wife is 45, still working and earning S$100k pa.
I own 3 condos. My small family stays in one of the condos, while I rent out my two other condos (generates a net rental of S$60k pa).
We are comfortable with our S$160k pa total income.
When my wife retires at 55, we plan to retire in Penang and KL, Malaysia.
By then, our passive income will be about S$80k pa as our rental increases over the 10 yrs.
Our Singapore dollar will likely strengthen to S$1 = RM 3 by 2023.
We will live like a rich couple in Malaysia.
Our condos in Singapore will fund our retirement in Malaysia.
Reply With Quote