How much are you earning per annum?

Originally Posted by Unregistered

A lot of fake IB posters with high salaries to justify the recent tax increases. Ofc FTs get all the perks of working in Singapore paying same taxes as locals without needing to serve NS.

I don't know what does this have to do with my reply.

The guy said he's enjoying his retirement in his 40s. If you're coming onto this forum during your retirement when this forum is literally a anonymous place with trolls and a place to ask for salary ranges, your retirement must really suck or you're lying and not actually retired.

26M, 300K P.A Self employed in sales

Originally Posted by Unregistered

Knn how many times u want to spam this same paragraph
What kind of condo u stay in that is only worth 1m?

We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.

This thread only got 2-3 posters who just keep repeating the same story only. +1 for persistency.

Originally Posted by Unregistered

We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.

We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.

Originally Posted by Unregistered

We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.

ok thanks.

25M 240k tech

Originally Posted by Unregistered

25M 240k tech

please contribute more to tax. and if you are underdeclaring, the taxman will come after you.

35, earn little, but invested in btc long ago so retired. Keep hustling

Originally Posted by Unregistered

26M, 300K P.A Self employed in sales

300k hell note ah