Indeed, our
hdb flats are our valuable assets. Our home ownership and asset enhancement policy is a big success. Without our
hdb flat, it would be more difficult to retire in luxury in Malaysia. I plan to retire in Penang next year using your strategy. I will rent out my flat. I don't have to wait until 65 as I already have dividends of $30k pa. I'll be 56 next year. My kids are both independent now.
Quote:
Originally Posted by Unregistered
I see a lot of people here discussing on retirement. I don't understand why so difficult to retire? I don't see any problems retiring and I'm already prepared. My retirement plan is simple. I now own a 5 room exec flat which I paid up. When I retire at 65, I will rent it out for $4k pm or $48k pa. My wife and I will also get $1.2k each pm from our CPF life. So we get $28.8k pa. In total our passive income is $76,800 pa. We plan to retire in Malacca, so after converting to RM, we will get RM200k pa. We will retire in luxury with this amount of money. See, so simple to retire. |