Quote:
Originally Posted by Unregistered
Great to know that you have a good plan...no debt, happy and financially healthy. Do you have any children? If yes, need to set aside some educational funds. If your CPF is enough for ERS by 55 yrs old, it will solidfy your returement income. Try not to downgrade your condo. Only do it as a last resort. |
Currently my passive income from investments is $2k pm. Hope to grow it to at least $3k pm by my retirement age 58. It could be $4k pm or more. At 55, I will opt for ERS so that by 65, my passive income can be $5k pm or more. If my children give us allowance, it will be a bonus. I will not downgrade from my 3 bedder condo so that my chidlren and grandchildren can visit us and use the spare rooms, gym, tennis court and swimming pool.