I agree. We can also monetize our
HDB flats when we retire by renting out spare rooms to FTs. So we must attract more FTs to work here so that they can rent our spare rooms. Must also not have oversupply of properties. If we have oversupply of properties, property prices and rents will crash and our spare rooms will be empty. Many old people will worry as they cannot earn from renting their spare rooms. Our
HDB flat is an important retirement asset.
Quote:
Originally Posted by Unregistered
Actually if you are retiring at 65, you and wife can choose the CPF Life Enhanced which will give you and wife $4k pm in total. Assuming you are debt free and your home is paid up, $4k pm should suffice for food, utilities, public transport, medical, etc.
If you're retiring earlier at 55, you must be a high flyer who have assets that can produce at least $5k pm for you and wife. This also assumes you're debt free by 55. |