Quote:
Originally Posted by Unregistered
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.