Small business owner, 48, net income $66k pa.
Wife, admin officer, 50, income $80k pa.
Our combined savings $30k pa.
We sold our flat and upgraded to a condo in 2005.
The condo cost us $500k in 2005, we don't need to take a big loan.
We use the money from selling our flat and some cash savings to pay down.
Now we have finished paying our mortgage. The condo is now worth $900k.
We have $400k in our total CPF savings.