Quote:
Originally Posted by Unregistered
We are in our late fifties and retired. Our daughter married a foreigner and staying overseas. We moved from our landed property to a 1 bedroom condo in Jurong. We invested our cash balance in blue chips and now getting $100k pa dividends. Our daughter also gives us $1k per month and so our passive income is $112k pa. Our expenses is $50k pa. We invest our savings into more dividend stocks and our passive income continues to grow.
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You are the most successful among us in this forum since you are already retired at an age which is earlier than most people which is 65. You not only earn a healthy passive income but with your prudence, you still manage to save $62k pa. This is an enviable achievement as most retirees would not be able to save anything. Your move to downgrade from a landed property to a studio condo is the right sensible move. Well done and enjoy your retirement.