Are you and your spouse in secure jobs? Do you think you can maintain your salary and continue to save $70k pa as you get older?
Do you have children?
Of the $1.6m networth, how much of it is from the condo value? How much of it is in your
CPF?
As you can see from my questions, there are many unknowns in life. "The past is not the present and the present is not the future" -- to borrow a quote from a blogger.
Quote:
Originally Posted by Unregistered
We now save about $70k pa since we are debt free. We will work for another 15 years until age 65, so we will save about $1m. We will buy annuities with this $1m cash. This will be on top of the monthly payout of $3.6k pm from our combined cpf life. We can enjoy our condo now and in retirement. No problem.
How about you? Where do you live? What's your combined net worth? |