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Old 01-09-2014, 10:50 PM
RedOrangeYellow RedOrangeYellow is offline
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Quote:
Originally Posted by Unregistered View Post
I totally agree on the point of not leaving anything to your kids. You work hard from young till you are old, so spend whatever you have saved all these years. That is why you should do the lease buyback scheme, no need to leave your flat to your kids. Your kids will get their BTO flat very cheaply and they too can do the lease buyback scheme when they get old. This is the circle of life we go through.

I told my kids that I will not leave anything to them and that my gift to them is the education I gave them. They worked very hard and are now successful professionals who own their own condos. I'm proud of them. I continue to live happily in my flat with my wife.
Please be considerate by putting sarcasm tags or else some people will digest your words as advice.

We need to transfer wealth to our children to give them a good head start in their 20s. When they are in their 30s, the monthly expenses will be a huge burden.

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