Quote:
Originally Posted by Unregistered
Actually, you are doing not so bad yourself. Your family is fortunate to own a car. As long as you own your home without any loan when you retire at 65, you should be ok. Here is what you and spouse can get upon retirement:
1. CPF Life $3500 pm ($1750 pm each)
2. Room rentals $2000 pm (rent out two rooms at $1000 per room)
3. Children's contributions $1000 pm (from two kids, each giving $500 pm)
Your total passive income will be $6,500 pm or $78,000 pa. Hence, you both can retire comfortably. |
People of unsound mind planning to compromise privacy and yet claim to retire comfortably.
Still want to look forward to your children's handouts? Why can't you let them do their planning based on their income. They may be having much more financial burden than you do !
Why can't you do a proper planning for next 15 to 20 years?