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Old 24-11-2014, 08:56 AM
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Underperforming graduate couple, total income $130,500 per year. Lives in an old condo worth $800,000. Mortgage outstanding $400,000. Owns an old car. 3 children in schools. We are both 47 this year. Total net worth (including condo's equity value, cash, CPF and stocks) $1,050,000.

Any advice how to prepare for retirement? Is it wise for us to downgrade to a 3 room HDB flat when we reach 65? Or should we consider retiring elsewhere like some forummers here suggested Malaysia or Thailand. Thank you.
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