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  #10055 (permalink)  
Old 31-05-2016, 03:26 PM
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Originally Posted by Unregistered View Post
This is an objective assessment

1. You own & live in a condo. This makes you among the top 20% of the population as 80% lives in public housing.
2. You own a car.
3. Your HH income is above the median HH income.
4. Your HH net worth is above the median HH net worth.

In conclusion, you are in the upper high class of society. Well done! Congratulations!

You can retire very comfortably.
Your maths is very poor. I think you are the same person. Writing to ask how am I doing snd then relying to congratulate yourself just to boost your ego. This chap has very low cash position with the bulk of it stuck in CPF and the housing unit. One need to have minimally $0.7m cash (minus house) and setting aside $300k for RA and MA in CPF or thereabouts, at ard 55 yrs to insure a comfortable life after retirement (lets say he retire at 55yrs old). Please work back your plan using these numbers to see how you fare.
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