Quote:
Originally Posted by Unregistered
53 & 55
Old couple with a married daughter
Lives in a high end (prime district) one bedroom studio condo, worth $1m
Debt free
Plans to retire in 5 years time
Our passive income from our investments by then will be $60k pa while expenses will be $40k pa
Our daughter gives us $1k pm or $12k pa
So in total we will get $72k pa
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It's interesting seniors have great passive income, and it appears the numbers of these seniors are steadily increasing.
how do you spend your time? I have 2 friends aged 63 & 65 who insisted they really do not know how to manage their time and decided to work. I find this very very interesting.
I'm happy for you seniors, who are able to retire in grace and peace.
I'm curious on the retirement because my wife & I are also planning for our retirement, maybe 20 years later, i suppose.