How much are you earning per annum?

Originally Posted by Unregistered

Are you Malaysians? Any advice which town in Malaysia is the best place to retire? How much does it cost per month to retire there? Not keen on JB as crime rate there is very high. Appreciate your advice. Thanks.

I am sgp but parents born in my and converted to sgp...
I would recommended malacca. But Shariah Law may be coming so if u r Chinese, Chiang Mai may be better and cheaper to retire. Can migrate there and take out all yr cpf money but cannot in west malaysia....

If still want My, better ask malaysian friends on cheap and safe and cheaper rural towns....

Originally Posted by Unregistered

I am sgp but parents born in my and converted to sgp...
I would recommended malacca. But Shariah Law may be coming so if u r Chinese, Chiang Mai may be better and cheaper to retire. Can migrate there and take out all yr cpf money but cannot in west malaysia....

If still want My, better ask malaysian friends on cheap and safe and cheaper rural towns....

Thanks for your reply. I think Chiang Mai looks interesting. Someone mention you just need $1k pm to retire comfortably there. If Chiang Mai, I can forward my retirement earlier.

mid forties couple
live in a humble semi-d at frankel (inherited)
drives a S350 (bought during low COE in 2009)
2 investment properties - 1 residential @ orchard boulevard, 1 commercial @ far east plaza. Outstanding loan $300K
CPF + Cash + Insurance $1.5m

Singapore is great. But I forsee may not be the case for my 2 kids currently in secondary school. However, when my spouse and I are gone, they will be multi-millionaires

Sole breadwinner hubby, 47, $120k pa.
Wife, stay at home mum. She did a great job raising our two daughters.
Passive income from dividends, $32k pa.
Family savings, $30k pa.
Home is a condo worth $1.2m, bought for $680k in 2006. Paid up.
Car, 1.6L, paid up.
Cash and CPF, $300k.

When I retire, I will sell my condo and move to a cheaper city.
Thinking of buying a condo in Iskandar.
What do you think? Is Iskandar a safe place to retire for an old couple?
Any Malaysian forumers here care to comment?

We are a low income couple, late 30s. We earn only $70,000 per year in total. We live in a 3 room HDB flat. We aspire to upgrade to a bigger flat, at least a 4 room flat.

Originally Posted by Unregistered

mid forties couple
live in a humble semi-d at frankel (inherited)
drives a S350 (bought during low COE in 2009)
2 investment properties - 1 residential @ orchard boulevard, 1 commercial @ far east plaza. Outstanding loan $300K
CPF + Cash + Insurance $1.5m

Singapore is great. But I forsee may not be the case for my 2 kids currently in secondary school. However, when my spouse and I are gone, they will be multi-millionaires

Your son or daughter in law will also be multi-millionaires!

Humble middle income family, 48 & 50 yo, $200k pa. Condo is just a small 3 bedroom condo, worth $1.1m. European car. Holidays only twice a year, in June & Dec. We lead a simple life. Our retirement plan in 5 years is also simple - we will join my parents in KL, will sell our condo. Our net worth when I'm 55 should be around RM5m. Can retire in luxury in KL.

LOL, are you sure RM5M is enough for "luxury" lifestyle in KL? Comfortable maybe, but not luxury.

I just came back from visiting relatives in KL. Some of the bungalows or even terrace houses in gated communities are costing upwards of RM4M. I am sure you would want same level of comfort and safety you get in Singapore. For that, you will need to spend more.

Originally Posted by Unregistered

Humble middle income family, 48 & 50 yo, $200k pa. Condo is just a small 3 bedroom condo, worth $1.1m. European car. Holidays only twice a year, in June & Dec. We lead a simple life. Our retirement plan in 5 years is also simple - we will join my parents in KL, will sell our condo. Our net worth when I'm 55 should be around RM5m. Can retire in luxury in KL.

Originally Posted by Unregistered

LOL, are you sure RM5M is enough for "luxury" lifestyle in KL? Comfortable maybe, but not luxury.

I just came back from visiting relatives in KL. Some of the bungalows or even terrace houses in gated communities are costing upwards of RM4M. I am sure you would want same level of comfort and safety you get in Singapore. For that, you will need to spend more.

Of course you can retire in luxury with RM5m. Just invest the RM5m in a low risk investment giving you 4% pa. or RM200k pa income or RM17k pm. You can rent a luxury condo for RM5k pm. You have RM12k pm to eat nice food and drive nice car.

Talk c**k very easy like sing song. I have not heard anyone monetizing their asset totally and put their cash into stocks or whatever. And how on earth can anyone take so much money (cash some more) out of the country ?

Originally Posted by Unregistered

Of course you can retire in luxury with RM5m. Just invest the RM5m in a low risk investment giving you 4% pa. or RM200k pa income or RM17k pm. You can rent a luxury condo for RM5k pm. You have RM12k pm to eat nice food and drive nice car.