Since you are so rich, do you plan to upgrade to an Orchard condo or a GCB?
Quote:
Originally Posted by Unregistered
Average power couple. Husband and wife, 50 and 51 years old. Three children.
Home: 4 bedroom OCR condo. Worth $1.6m, paid up.
2 Cars (conti): paid up.
Total salary (both combined): $400k pa.
Passive income: $130k pa (incl CPF interest)
2nd property : $1.2m, loan :$500k
Cash savings & FDs: $500k.
CPF (OA + SA + MA): $1.4m
Stocks: $1m
Total net worth: $5.2m.
Passive income: $55k from stocks dividends + $42k from CPF + $33k from rental = $130k
Gotta work till 55 to withdraw CPF yearly interest for spending.
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