Since you are debt free and both your home & car loans are cleared, you are actually better off than couples who earn $250k pa but still saddled with housing and car loans. Don't listen to fools.
Enjoy staying in your condo until you retire at 65. Then you can downgrade to a studio condo unit and sell your car. Your retirement payout of $1200 per month for you and wife each would be useful. If you eat simply and don't lavish on employing a maid and spending on unnecessary things, you should be ok.
Quote:
Originally Posted by Unregistered
Middle income millionaire household couple, 50 / 52. Total income, $140k pa.
Condo home valued at $1.1m, paid up. Resale Cat A car, paid up.
Other assets include cash, CPF, stocks valued at $1.4m. Debt free.
As a middle income household, we hope to sell our condo when we retire.
With the money, we will buy a small HDB flat and use the cash balance to spend for our retirement. We will also get monthly payout. |