Why not you sell your condo and downgrade to a 4 room
HDB flat costing $400k?
Assuming you then have cash of about $3.6m, you can buy a high dividend yield stock portfolio giving you 5% dividend yield pa or $180k pa.
You can then retire while your wife continues to work. Your wife earns $150k pa from work while you earn $180k pa from passive income. Your combined income will then be about $330k. Should be enough for a family of 4 living in a 4 room
HDB flat. You can also enjoy various rebates.
Quote:
Originally Posted by Tired
In the 40s, wife late 30s, 2 kids.
Combined income $300k+ pa.
Net worth, including stock, CPF, case, and home, around $4m.
2 cars, fully paid.
Working on generating passive income of around 8k a month, currently no where near that amount.. |