Quote:
Originally Posted by Unregistered
sole bread winner, 45, $130k pa. owns a freeehold landed house, now worth $3m, paid up. bought during the SARs crisis at a fire sale price. other assets are cash, cpf savings and stocks.
retirement plan at 55 is to downgrade to a lower end cheap condo with a budget of $2m. will get cash balance of $1m. in addition to current cash savings, will have $2m to invest in 5% dividend conservative blue chip stocks. will get $100k pa in passive dividend income. expenses estimated $50k pa.
|
Maybe he forgot to reveal inheritance.