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Old 12-07-2021, 01:24 PM
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We can also retire when we reach 55 yo. We own a paid up condo worth $1m. If we sell it and then downgrade to a $500k HDB 5 room flat, we can get $500k cash. We also have CPF savings in CPF Ordinary Account. We plan to choose the CPF Life ERS so our CPF Life can give us about $4500 pm in total when we reach 65. It’s exciting to know that we can retire in 5 years time.
If you’re willing to downgrade then no problem. Your desire to relax and retire early at 55 must be greater than worrying about what others think of you downgrading. Anyway you live your own life. Do what makes you happy. Why care about face or what other people think of you.

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