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Old 12-07-2011, 08:58 AM
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Quote:
Originally Posted by common man View Post
I, 50+ yr old unassuming uncle you see regularly in the coffee shops or NTUC stores. Still working but think can retire. Wife also 50+ and working.

Combined CPF : 1M+ (700K OA, 300K SA, 79K MA)
Cars: 1 MPV and 1 Saloon (fully paid up)
Condo: 1.4M (4 bdrms, fully paid)
Condo: 1M (2 bdrms, fully paid and rented out)
Cash: 500K (cash, FD, Endowment, Single premiums)
Stocks: 300K (mainly bluechips)

Someone said older people have fewer needs. True. Can save 75% of monthly income

this is bogus..... MA acc has a limit of 39.5K. Anything more spill over to SA. SA also limit at 135K (I think).
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