Originally Posted by Unregistered

58 & 55 year old retired corporate exec couple in the investment banking sector. Sold our landed property (fully paid) last year and bought 3 condos (fully paid) - one for my wife and I (our retirement home), one for my son (banker) and one for my daughter (lawyer). Decided to give part of our wealth to our kids now rather than wait till we die. Let them enjoy earlier.

Our children are so happy that they each gives us $2k pm in allowance or $48k pa. Our passive income from our investments $120k pa. So total passive income $168k pa. Our expenditure is $68k pa. We save $100k pa. Our investments in our career, stocks, landed property and even children (not expecting anything from them actually) have paid off nicely.