Excellent plan, very well thoughtout and concise. Having retirement assets is important at your stage of life.
Quote:
Originally Posted by Unregistered
Next year I will be 55. I will set aside $309k for my CPF Life Enhanced Retirement Sun (ERS) so that I will receive $2500 pm at 65.
I will also retire next year as I have $500k (cash + CPF) for me to spend from 55 to 65. I will not spend the whole amount. I expect to spend $30k pa in retirement.
My 3 bedroom luxury condominium unit is fully paid up and I am debt free.
My CPF Life and condo are my retirement assets.
Although I’m not rich, I consider myself lucky and successful in life.
Time for me to relax next year. I’ve been working so hard for a long time. |