Just need some advice for a family having the following:
a. Husband (early 50s) and Wife (late 40s)
b. Household income ($400k)
c. 5 Private Properties (3 pay up and staying in one and 2 properties with housing loan of $1m) Rented properties have received passive income after deducting all expenses). All properties have capital appreciation of at least 60%).
d. Nett Asset Value (i.e. less liability) is about $7 million.
e. 2 Kids of mid teenagers.
f. Family insured with $2.8 mil.
g. Other investment ($1 mil)
h. Combined
CPF: $550k
i. Cash: 500k
j. Husband is guaranteed a job for the next 17 years and in senior management now (not so stressful) and Wife is in permanent post but job more stressful.
k. No other liability as a 1.5year old car paid up in the first year.
They are working as they would like to pay off their remaining loan and seek for more passive income. Kids need less of our attention now as they have their own friends now.
When will be a good time for the husband and wife to retire?
1.