Quote:
Originally Posted by Unregistered
My wife and I will be 63 this year. We plan to sell our HDB flat for $800k and then buy an elderly studio unit for $100k. I will ask my son to invest for me the balance $700k to get 5% per year. He said can be done. This gives me dividend of $35k per year. My 3 children will give us $1k per month in total, so my total income will be $47k per year. Enough for me and my wife. I will sell my car and take public transport. I estimate we just need $36k per year for food and utilities. I'm lucky to own a good flat, good children. |
i'm sorry...did your child gave you 1k EACH or 3 child gave you 1k total?