If you can afford 2 properties, one here and one in Melaka, you are certainly not poor. You are already better off than the majority of the people on both sides of the causeway.
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Originally Posted by Unregistered
We are your typical median income family, earning $8k pm combined. Being both 50 years old, we need to plan for our retirement. After much discussion, we decided that we can't retire here as it would not be cheap. So, we plan to buy a property in Malacca for our retirement. We will rent out our 4 room flat to get $3k pm and plus our retirement payout, we will get $5k pm or RM13k pm. We can retire comfortably with this amount. When we die, our kids will get our hdb flat. Our kids are supportive of our plan and they look forward to visiting us 3 times a year. Malacca has the advantage of good and cheap medical facilities. It is also a safer town compared to JB. What do you think of our plan? |