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  #12696 (permalink)  
Old 22-09-2021, 09:12 AM
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Originally Posted by Unregistered View Post
Here is our retirement plan

Age 55, we will do this

1. Sell our fully paid condo at $1 million
2. Buy a four room resale HDB flat for $400k, fully pay in cash
3. We will spend for our retirement $40k pa or $400k over 10 years (from age 55 to 65) for me and spouse

Age 65, my spouse and I will get $4500 pm ($54k pa) combined from CPF Life

We will retire in about five years time
You sure you can buy a four room resale HDB flat for $400k when you retire? LOL. HDB are now close to a million dollars my friend. Double that number to be realistic.

Singaporeans are assets rich and cash poor due to favourable FT policy.
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