Your ideas are brilliant. We all have choices on our retirement lifestyle.
Many in the developed countries are retiring in cheaper, developing countries like countries in Asia. You can find them retiring in Thailand, Malaysia, etc.
We are fortunate that the majority of us have assets. Our
HDB flat is our biggest asset.
Quote:
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. |