Quote:
Originally Posted by Unregistered
My spouse and I are in our early fifties and have worked long hours all our lives. We are very successful as we own a luxury condominium unit and a European luxury car which are both fully paid up. We have zero debt.
However with all this success we are wondering why we are working so hard. So we will retire in a few years time after collecting our CPF. We also plan to monetise our property by selling it away and keeping cash in our bank accounts. We will have a few hundred thousands to spend in our retirement until the time we get our CPF Life.
Life is short. It’s time to retire. I suppose retiring at 55 or 56 years old is not a big deal at all in Singapore as there are corporate high flyers in this group who retired in their forties. |
Retiring can also mean doing something you and your wife always want to do without the consideration of double earned income. Go and learn to invest a fraction of your property proceed to earn some passive income. I would say there are many other meaningful things both of you can do during retirement than continue to slog in the present careers. When you look back you will discover that it is all well worth it!