Quote:
Originally Posted by Unregistered
50 & 51 couple.
Condo worth $1.2m, paid up.
Cash & CPF, $600k.
Total net worth, $1.8m.
Any advice how can we prepare for retirement?
We want to retire at 62. |
You are on track.
Buy a studio with your 600k. Move in there. Rent out your 1.2 m condo. (Or, stay put, but rent out your studio). This is your passive income.