Quote:
Originally Posted by Unregistered
If you are childless or single, you can retire as early as you want or anywhere, but then you wouldn't retire because you will be very lonely.
If you have children, at your mid 40s or 50s, your children are likely to have many more years of schooling to go. Even in your early 60s, your children, if they are working may not yet be married and staying with you. So retiring early and in Penang may not be such a brilliant idea. Any more out of the box idea for this group of people?
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Not true that people in their mid 50s have school going children. There are people who married in their mid 20s and have kids early. By the time they reached their mid 50s, their children are already working and could be married and already staying in their own BTO flats. So if you are of this profile, you can retire in Penang in your mid 50s or latest late 50s.
In your case, you are already 55 and your daughter is already working, so you just need her to get married and stay in her own 3 room
HDB BTO flat. Then you can retire.