Quote:
Originally Posted by Unregistered
$1.5m for a single person means you can live very comfortably at $5k pm or $60k pa. Your money will run out in about 25 yrs at age 73. If still alive then, no home no money.
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I plan to sell my Exec flat and buy a studio flat for the elderly at S$100k. I will then invest the balance S$1.4m to give me dividends of 5% pa or S$70k pa, which is more than enough as I only spend S$24k pa. This will continue and my annual dividends and portfolio value will grow. By the time I die, maybe at 104 years old, my net worth will be worth at least S$3m and I will donate all my wealth to an old folks home.