Quote:
Originally Posted by Unregistered
Hi,
I need comments from readers here whether I can retire. I'm 50 years old and not feeling so healthy. I own 3 old condos, bought 10-15 years ago, all fully paid up. I am staying in one condo, while I rent out the other 2 condos. The rental condos give me a net income (after deducting maintenance fees and property taxes) of $60k pa. My annual expenses is $45k pa. I have no loans. Total net worth (3 condos, CPF, cash) is about $3.5m. Can I retire now?
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Why not, since your net income is more than your annual expenses? Health is more important than money.