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  #7280 (permalink)  
Old 16-04-2015, 08:22 AM
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We are in our mid 50s and plan to retire soon. Currently I make $130k pa while my spouse makes $139k pa. We own a 2 year old condo valued at $1.4m and it is fully paid. Our children are now grown ups. We will retire once we generate a passive income of $6k pm as we estimate that we will need $4k pm for the two of us. Our children contribute to the household expenses plus they gives us a monthly allowance.

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