Quote:
Originally Posted by Unregistered
Don't be stupid. He can get $800k cash when he moves to a hdb flat. What's wrong with retiring in a hdb flat? 83% of Singaporeans now live in hdb flats. Don't be arrogant. Just because you live in a condo, you look down on people living in hdb flats. Don't be snobbish and arrogant please. Have you forgotten that you lived in a hdb flat before? |
Please be forward looking!
Now only 45, already plan to down grade your living standard when retire.
You should plan how to retire with 60% replacement income of your last drawn salary, not planning to live (more accurately surviving) with 2k equivalent of today's money.
If you already enjoying good life now with car and condo, do you want to live in flat and squeeze into public transport?
Equip your children so they can earn 10 times your present salary. Then ask 5k from each of them to enjoy life like a duke and not a beggar.....
If your are on subsistence lifestyle, just confine it to yourself. Others should plan for better life than what already have........in 10 years time.