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  #901 (permalink)  
Old 08-05-2013, 10:40 AM
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Originally Posted by Unregistered View Post
I know of old couples who rent out their whole HDB flat and live with one of their children in their Exec HDB flat. They stay in one room and help to look after their grandchildren. win-win situation.

So make sure you dont sell away your HDB flat, the passive income from renting out your flat (about $3k per month) is sufficient for you and your wife, provided you dont own a car and have no other liabilities. Your HDB flat is your asset.

Some other people here plan to retire in a 3rd world country using rental income from their HDB flat. This is also a good idea.
Everything comes with a price ah. People make use of their parents to take care of their children when their parents are still well and healthy. Once their children grow up and their parents grow old, weak and sick, they want to kick them out. After that when the parents die already, all the children go to court and fight over the parents' flat. Sometimes they start the fight over the flat even when the parents are still alive! Disgraceful.

So to save yourself this problem, be independent from your children. Help to take care of your grandchildren if you want, but dont have to go and stay with them. When the grandchildren grow up, they want their own space, and that's when your own children start to show you black face every day.

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