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#**11732** (**permalink**) 29-06-2019, 03:59 PM

Very well thought out retirement plan. This shows our policies are excellent.

1. Our HDB flat allows us to rent out when we retire.
2. Our CPF Life provides annuity.

The only problem is if there are not enough FTs to rent our flat. There are people saying we should cut the number of FTs working here. This is bad for retirees who need to rent out their rooms and flat for rental income. We need more FTs as our retirees is getting more and more every year. Oversupply of property is bad for retirees.

Quote:

Originally Posted by Unregistered

My spouse and I are thinking of retiring in a less developed and cheaper country. Thailand and Malaysia come to mind. We quite like KL as we have family and friends there and most people can speak English. Penang is also possible.

When we retire at 55, our children will be working and living in their own BTO flat. We can then rent out our Singapore home to professional FTs and their family. If we rent out at S$2500 pm, we can then get RM7,500 pm after currency conversion.

We will spend on:
KL condo rental RM2,000 pm
Food and groceries RM1,000 pm
Transport and utilities RM1,000 pm
Medical and entertainment RM1,000 pm
Holidays and miscellaneous RM1,000 pm
Total expenses RM6,000 pm
Savings RM1,500 pm

When we reach 65, we will get an extra S$4,000 pm (RM12,000 pm) from our CPF Life. We can then rent a more posh prime property in KL for RM5,000 pm and enjoy holidays to Europe. As well as saving more.

Not sure of retiring in JB though. Is it safe to retire in JB? What’s your opinion?