Quote:
Originally Posted by Unregistered
Mid 40s professional mgr. Monthly $28k HH.
2 teenage kids
Condo fully paid $1.3M
New car with less than 1 yr loan $180k NPV
Cash+ CPF+stock $1.2M
Can we retire at 50? We are ready to downgrade life style. |
Yes you retire now. Just sell your condo and then buy a $400k four room
hdb flat. You will have about $2m of investable funds. You can invest in 5% dividend yield basket of blue chips which gives you dividends of $100k pa. This is a lot for a family which is debt free.