Congratulations on being debt free and owning a paid up condo. Not many people your age own their condo outright. You are on the right track of retiring at 55. Once you retire, keep yourself busy. Here are some activities you can do:
1. Do lots of reading. Catch up on the latest scientific research.
2. Do lots of exercising in the gym. Regain the 6 pack abs you lost many years ago.
3. Do lots of swimming in your condo pool.
4. Play tennis at your condo tennis court.
5. Travel the world.
6. Do voluntary work at charities. You can sit in Organising committees.
7. Learn to cook your favourite dishes.
8. Learn to trade the stock market. You can make lots if you are good.
9. Spend a lot of time with your children, old parents and other family members.
10. Take up new hobbies.
Most important of all, don't be a boring person. Enjoy your retirement.
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Originally Posted by Unregistered
Lucky that we bought our condo ten years ago. In line with our good economic growth and prudent policies, our condo asset appreciated in value gradually. We are happy that there are many cooling measures or else we will have a bubble and when it burst, prices will collapse. Now we are debt free.
We are in our mid forties and earning a total income of $200k pa and we save $50k pa. We plan to retire at 55. Our savings will increase by another $500k and we can collect our CPF OA since our CPF SA has reached the min sum. At 65, we will be able to get our CPF Life. |