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Old 01-01-2016, 09:20 AM
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This is a brilliant idea. This means we don't have to own millions to retire in luxury. The ordinary Singaporean can retire in luxury as long as they own a HDB flat and a few hundred thousands to invest in dividend stocks. Besides JB, we can also retire in KL, Penang, Malacca, Chiang Mai, etc.

Quote:
Originally Posted by Unregistered View Post
Good retirement plan in JB (retire in luxury) for a retired couple at 55 years old
(assuming no dependents)

Passive income at 55
Rent out fully paid HDB flat S$2.5k pm
Stocks dividends S$1k pm
Total S$3.5k pm or RM10.5k pm

JB cost of living
Rent a 3 bedroom condominium RM2k pm
Car expenses RM500 pm (assume buy car in cash RM50k)
Food, groceries, restaurants and utilities RM2k pm
Medical and entertainment RM1k pm
Misc RM500 pm
Total spending RM6k pm
Savings RM4.5k pm

Passive income at 65
Rent out fully paid HDB flat S$2.5k pm
Stocks dividends S$1k pm
CPF Life (Enhanced Retirement Scheme), couple gets S$3.5k pm
Total income S$7k pm or RM21k pm
Total spending RM8k pm
Savings RM13k pm

This retirement plan allows you to live in a nice condo and drive a nice car. You can go holidays all over the world every year if you want to since you will have lots of savings.
Your retirement assets are: 1. HDB flat 2. CPF Life 3. Dividend blue chip stocks.

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