How much are you earning per annum?

We are a married couple in our mid 40s. Our total income (both active plus passive) amounts to $193k pa. Our home is a condo, currently worth about $1m and it is paid up. We own a car too for convenience. Our annual savings is about $50k pa.

We lead a comfortable middle class lifestyle with holidays twice a year. Our current net worth is close to $1.5m.

We hope to retire in our late 50s. We don't mind downgrading to a smaller condo which is comfortable for two persons. We will get a condo next to an MRT station when we retire so that we would not need to own a car for us to travel.

Originally Posted by Unregistered

We are a married couple in our mid 40s. Our total income (both active plus passive) amounts to $193k pa. Our home is a condo, currently worth about $1m and it is paid up. We own a car too for convenience. Our annual savings is about $50k pa.

We lead a comfortable middle class lifestyle with holidays twice a year. Our current net worth is close to $1.5m.

We hope to retire in our late 50s. We don't mind downgrading to a smaller condo which is comfortable for two persons. We will get a condo next to an MRT station when we retire so that we would not need to own a car for us to travel.

Well done. You have profited from the government policy in the 80s and 90s.
Now it's time for you to donate some wealth back to the society as you are earning so comfortably.

Maybe start with 0.5% as recommended by ESM Goh.

Originally Posted by Unregistered

You can send your kids to international school in JB?

Yes, we can. There r Sgpn doing that. The kid can get a student pass and the parents a guardian pass renewable yearly. But concerned about the standards in international school there and also the costs.

Couple early 40s
2 kids in primary schools
HH income $250k pa
Total savings $100k pa
2 cars fully paid up (about 2 years more to end of COE)
Stays in a fully paid up 4rm HDB valued at about $450k
Moving into a 3BR condo with 700k mortgage end of year
$600k in cash and equities

Originally Posted by Unregistered

Couple early 40s
2 kids in primary schools
HH income $250k pa
Total savings $100k pa
2 cars fully paid up (about 2 years more to end of COE)
Stays in a fully paid up 4rm HDB valued at about $450k
Moving into a 3BR condo with 700k mortgage end of year
$600k in cash and equities

Congrats in your upgrading. Good that you sell your flat to buy the condo. How much is your condo? What's your HH total net worth?

Originally Posted by Unregistered

Couple early 40s
2 kids in primary schools
HH income $250k pa
Total savings $100k pa
2 cars fully paid up (about 2 years more to end of COE)
Stays in a fully paid up 4rm HDB valued at about $450k
Moving into a 3BR condo with 700k mortgage end of year
$600k in cash and equities

Well done. You have profited from the government policy in the 80s and 90s.
Now it's time for you to donate some wealth back to the society as you are earning so comfortably.

Maybe start with 0.5% as recommended by ESM Goh.

Originally Posted by Unregistered

Congrats in your upgrading. Good that you sell your flat to buy the condo. How much is your condo? What's your HH total net worth?

We r not selling the HDB flat. Will be renting out for passive income.

33 male
nus pass degree engineering
80k per annum

Originally Posted by Unregistered

33 male
nus pass degree engineering
80k per annum

Quite decent salary considering you only have a pass degree. count yourself lucky.

31years old.
Also a pass degree from NUS b school. 100K a year.
Didn't study much in uni.
I think honours or not really no big deal.