Quote:
Originally Posted by Unregistered
45, 43, married couple with two teenage children, income $97k pa & $110k pa respectively.
Savings $20k pa & $30k pa respectively.
Lives in a resale condo, bought for $600k, in 2005. Still servicing loan of $200k.
Other assets include CPF and cash, no stocks, $400k.
Total husband & wife combined net worth (including home equity), $1.4m.
How are we doing as a couple?
Is our net worth considered low among graduate couples?
Any suggestions what we should do to prepare for retirement at 60? |
I believe these two are idiots, earning >200k and still do not know how to plan for retirement.
Either their bosses are their father paying them out from his own pocket, or they just simply cook up story, or they want to tell us not all Singaporean are clever enough to manage their own finance.