Hi everyone,
- Husband and I are both in our early 60s.
- We both semi-retired in our mid 50s. We now do freelance work and take in about $10k per month, combined.
- My spouse's pension provides us with about $2k + per month.
- We own 4 private properties (including 1 landed house), all of which are rented out save for the condo we live in. All in all worth approx $10-11 million altogether. Outstanding loan is about $1 million. Rental income is about $15k per month.
- We also have about $2 million worth of property overseas, but we are thinking of selling this in the near future to pay off our debt, and also to have more savings for rainy days.
- 2 children, both in their 20s and working.
- Both recently bought new condos for which we are helping with the initial payment. Definitely intend for them to pay us back when they have to ability to.
- 1 modest japanese car, 8 years old. Not planning to get a new car anytime soon until the 10 year
COE is up.
- Planning to FULLY retire in the next couple of years and simply enjoy the rest of my days.
I guess I am doing okay in today's society, where day to day life is getting more expensive. "Problem" now is that I want to help my children get a head-start in terms of an investment property, therefore my spouse and I cannot afford to retire yet, I think. I do see my children work very hard and also trying their best to save, and as a mum, I feel blessed that I can help them out financially at this point.