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Old 28-07-2015, 09:38 AM
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High income couple, 57 & 55 yo, makes $600k pa combined. We save $450k pa.

Our expense items are home mortgage, car installment and expenses, household expenses, parental allowance, children's expenses, holidays once a month, eating out, taxes, insurance, etc.

Home is a bungalow bought in 2003 for $2.1m with outstanding mortgage of $300k left.

Other assets (stocks, cash, CPF) $5m in total. Total net worth $13m.

Do you think we are managing our finances well?

We want to retire in 3 years time. Possible?

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