Are you a M'sian? If not, it may not be so simple to retire there. I am looking at this option too and was looking at the MM2H (M'
sia My 2nd Home) program.
Firstly, now only can buy property costing minimum RM1m.
Secondly must show monthly income of RM10,000 per person or RM20,000 for a couple to qualify. That is S$8k pm.
Thirdly, the cost of living in M'
sia though lower than S'pore, still requires about S$3000 pm for a comfortable level of living for a couple. See this blog here by a M'sian living in S'pore :
://earlyretirementdiary.com/how-much-money-to-retire-in-malaysia/
Then there is the crime and culture difference to think about.
Is my info correct? Can anyone help to verify? Thanks.
Quote:
Originally Posted by Unregistered
Sole breadwinner, 50. Income, $210k pa. Condo, $1.75m, paid up. Car, paid up.
Annual expenditure, $145k pa. Savings, $65k pa. Cash and CPF savings, $300k.
My retirement strategy is to sell my condo and buy a 3 room HDB flat, say costing $400k in 15 years time. I will have about $2.6m cash by then. Will invest in some investment giving me 4% dividend pa or $105k pa. This should be more than enough.
Or I could sell everything and convert to RM, can get RM8m. I can retire in KL or Penang like a rich Malaysian multi millionaire. Will let my wife decide. |