Curious how your expenses are so high? Some more your PC already paid up.
Any "village" you already have in mind?
What I know from friends and relatives who moved overseas was that they all longed to come back to Singapore as they got older. They somehow felt this was where they belonged. This came as a big surprise to me as some of them have stayed overseas for over 20 years. Their children being borne overseas of course do not have this longing.
Another thing to bear in mind is that when old, it is definitely better to be near medical and general amenities. Imagine the convenience of mama shops and clinics just round the corner instead of being stuck in some ulu village when you needed something.
Quote:
Originally Posted by Unregistered
I earn $80k pa, wife $110 pa. Expenses $150k pa. Savings $40k pa.
Lives in a PC, fully paid up. No debt. Total net worth $2m. We are in our late 40s.
Our retirement plan is to rent out our PC when we reach 75 and live in a 3rd world country, in a village. We can plant our own food (organic) and rear our own chicken (organic). We will use our rental income for other expenses. We hope to live till 85 years old.
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