Dear sir,
You inspire me and my wife. We too hope to retire soon. Our son is away overseas and our house (bought 30 years ago and paid up) seems too big for the two of us. We plan to sell our house and downgrade to a condo. Hope to sell our house for $5m and we can then buy a penthouse in the OCR for $2m. We will then invest our $3m cash to get $120k pa dividends. We don't expect to spend much as it will only be the two of us. The most we will spend is $60k pa.
Quote:
Originally Posted by Unregistered
55 & 58 year old retired millionaire couple. One daughter, working, married & living in her own condo with her husband.
We sold our landed last year and downgraded to a 3-bedroom $2m condo, fully paid.
We earn a passive income of $100k pa from our investment portfolio. Our expenses $50k pa including holidays. We reinvest our savings to grow our dividends.
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