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#**9086** (**permalink**) 09-12-2015, 11:42 PM

This is actually not a secret. Many people are already doing this or planning to do this.
Many Americans and Europeans migrate to places like Thailand and Malaysia to retire due to the lower cost of living. It makes a lot of sense. Many Singaporeans can do this as well and enjoy a good retirement. We are lucky to own a valuable asset in our HDB flat. For those who don't want to retire overseas can always rent out their empty rooms. If they rent out each room for $800 pm, for two rooms they will get $1600 pm. Together with their CPF Life of $3600 pm, their total passive income will be $5200 pm. A lot of money for a debt free retired couple. If their kids are filial and gives them allowances, that will be a bonus. So remember not to sell your HDB flat. Don't be foolish to sell your flat and move in to your children's flat as one day you could be kicked out of their flat if dispute happens. Don't sell your flat so that you can help your kids upgrade to a condo. Your children may not even give you any allowance even though they may be millionaires.

Quote:

Originally Posted by Unregistered

Are you and wife the average couple in Singapore and you both wish to retire in a luxury condo and drives around in a big, new car? Yes, you can and this is not a scam. How? Let me tell you a secret.

Your two most important retirement assets are your HDB flat and your CPF Life.

Make sure by the time you and wife retire at 65, you have paid off your HDB mortgage (this is easy because BTO flats are very cheap, relative to household income) and you and wife opt for the Enhanced CPF Life scheme. You and wife will each get $1800 pm from CPF Life. Then you rent out your whole HDB flat. You both retire in one of our neighbouring countries such as Malaysia, Thailand, etc.

Your retirement passive income

Rental income from HDB flat $2500 pm
Your CPF Life payout $1800 pm
Your wife's CPF Life payout $1800 pm
Total passive income $6100 pm

If you retire in Malaysia, you then convert your passive income to get $18,300 pm!
If this kind of money, you can rent a penthouse luxury condo anywhere in Malaysia, drives a luxury car, eat at restaurants three times a week, etc.

If you retire in Thailand or Vietnam, you can enjoy and spend even more. You can even hire two domestic helpers, a driver and a gardener. You will be living in a big bungalow with swimming pool.

So this is the secret of how the ordinary average Singapore couple can retire in luxury.