Quote:
Originally Posted by Unregistered
This is true. There are many Singaporeans who are happily retired in JB. They rent out their HDB flat for S$2500 pm or RM7500 pm. They just spend about RM3000 pm for their household expenses in JB. They usually own their JB house and save on rent. Both their HDB flat and JB house are fully paid up. They also have passive income of $1000 pm from dividends, which they just save. This shows you don't need to have millions of dollars to retire comfortably, just need to be open minded about retiring in a cheaper foreign land. Many Westerners are already doing this. They work, earn and save in a city and then retire in a cheaper foreign land like Malaysia and Thailand. For us, we can easily retire in JB.
I think there is a doctor in this forum who is retired in JB or planning to retire in JB soon. |
TBH, if one's
HDB flat is fully paid up, anytime can retire in either SG or JB. If in SG, just do Lease buy back. That plus
CPF Life - settled. If in JB, no need to say already....
the BIG question on retirement is actually NOT whether or not you have the assets/money to do it. Its actually whether at your current age do you have dependents or not.
If your kids are still not at Uni yet, it is highly unlikely you will stop working.
So the question of retirement is actually determined by the age at which you have your children....