Originally Posted by Unregistered

When you retire, you have these options:

1. Sell your flat for $600k and buy a 2 room flexi BTO flat costing $100k. You then invest your $500k balance in a 5% dividend yield portfolio which gives you a passive dividend income of $25k pa. Your CPF Life can give you $4k pm or $48k pa for a retired couple if you choose the ERS. This give you a passive income of $73k pa or $6k pm. This is a lot for an old couple.

2. You can rent out two of your empty rooms for $800 pm for each room.You get passive income of $19.2k pa from rentals. Plus your ERS, your passive income $67.2k pa or $5.6k pm. This is enough if you dont drive and employ a maid.

3. You can retire overseas. Your flat can give you $2.5k pm or $30k pa in rentals. Plus your ERS, you get $78k pa. If you convert to RM, you get RM 245k pa (S$1=RM3.15). With this amount you can retire in JB like a rich tycoon. You can rent a BIG BUNGALOW with a BIG SWIMMING POOL, buy a BIG CAR and employ two maids. If you retire in Thailand, you can retire like a Thai billionaire. You can travel the world in first class.

The choice is yours.

Your assets are 1. Your HDB flat and 2. Your CPF Life.