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Old 04-06-2014, 09:28 PM
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Originally Posted by Unregistered View Post
51, 52, live in a 4 room hdb flat, now worth $500k, paid up. $80k pa combined salaries.
cash and cpf, $300k.

when we reach 65, we will get $1500 per month each from cpf life.
when we reach 60, we will sell our 4 room flat and buy the hdb studio flat for the elderly.
will use the cash balance for retirement, will spend $1500 per month from the cash.
so, in total we will have $4500 to spend for our retirement.
You are very lucky to own a paid up flat which is worth a lot of money. If you sell your flat, you can retire rich in Malaysia, Thailand, Vietnam, Philippines, Indonesia, Cambodia, etc.

Our HDB flat is our best retirement asset. Our home ownership and asset enhancement policies are a big success. It allows us to retire rich in our neighbouring countries.

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