Quote:
Originally Posted by Unregistered
I have 2 condos rented out and choose to live in our HDB with my wife. We are easily contented and wants to simply, just not to simply live. We are between 35 to 40 yrs old.
No kids yet but planning for one.
Total property valued at $3 mil
Outstanding loan $1.5 mil
Net worth including cash and CPF about $2.2 mil
Gross Rental Income $7k
Monthly Housing Loan Instalment $5k
Working Household Income $12k
Monthly Expenditure $9k
Monthly Savings $5k
We bought the typical term insurance and critical illness coverage, medishield plus and riders.
Is our retirement plan secure say around 50 yrs old? Given that we keep the properties for passive income? Really sincere in hearing from wise people who have walked the path before. Thanks! |
Your one sentence caught my attention....."No kids yet but planning for one."
upbringing of kids is the heaviest in costs to family. Although you are, in my humble opinion, highly levergaging.... but the least, you have S$700,000 cash/
CPF/in kind to buffer, should the housing market correct, or rental return drops with over-supply.