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How much are you earning per annum?

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  #8131 (permalink)  
Old 11-07-2015, 02:13 PM
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huat ah (original one)

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  #8132 (permalink)  
Old 11-07-2015, 03:09 PM
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huat ah (original one)
Finger on your lips.

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  #8133 (permalink)  
Old 11-07-2015, 03:10 PM
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Finger on your lips.
Which lips huh?

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  #8134 (permalink)  
Old 11-07-2015, 03:16 PM
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Which lips huh?
How many lips you have?
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  #8135 (permalink)  
Old 11-07-2015, 05:46 PM
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You are doing well. Let's say you are now 40 years old. By 60, you would have saved $700k. Invest this in a 5% dividend yield portfolio to get $35k pa in dividends. If you have two kids and they each give you $500 pm, you will get an extra $12k pa. your total passive income will be $47k pa or $3.9k pm. When you reach 65, your cpf life will give you $3600 pm or $43.2k pa and your passive income will be $90.2k pa.

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We are a middle income couple in our forties, earning a combined income of $150k pa. We save $35k pa. We live in a condo in the OCR which is now valued at $800k. We also own a car.

We currently have no debts as we managed to clear them off gradually. Our total net worth is $1.2m, comprising our condo, CPF funds and some cash.

Our concern is whether we can retire at the age of 60. Can any financial gurus here give some ideas how can we prepare for retirement? Thanks.
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  #8136 (permalink)  
Old 11-07-2015, 06:10 PM
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You are doing well. Let's say you are now 40 years old. By 60, you would have saved $700k. Invest this in a 5% dividend yield portfolio to get $35k pa in dividends. If you have two kids and they each give you $500 pm, you will get an extra $12k pa. your total passive income will be $47k pa or $3.9k pm. When you reach 65, your cpf life will give you $3600 pm or $43.2k pa and your passive income will be $90.2k pa.
Thanks for the advise.
We feel more comfortable now.
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  #8137 (permalink)  
Old 11-07-2015, 07:33 PM
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Thanks for the advise.
We feel more comfortable now.
HAHAHAHAHAHA.

Some anonymous unregistered fella with unknown credentials give you some cursory comments and you feel more comfortable already?

Wow.
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  #8138 (permalink)  
Old 11-07-2015, 07:35 PM
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How many lips you have?
Stop making me horny. You are such a tease, notti boy. *blush*
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  #8139 (permalink)  
Old 11-07-2015, 07:59 PM
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HAHAHAHAHAHA.

Some anonymous unregistered fella with unknown credentials give you some cursory comments and you feel more comfortable already?

Wow.
Maybe it's the same person reply his own post..
Hahahaha
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  #8140 (permalink)  
Old 11-07-2015, 08:14 PM
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You are doing well. Let's say you are now 40 years old. By 60, you would have saved $700k. Invest this in a 5% dividend yield portfolio to get $35k pa in dividends. If you have two kids and they each give you $500 pm, you will get an extra $12k pa. your total passive income will be $47k pa or $3.9k pm. When you reach 65, your cpf life will give you $3600 pm or $43.2k pa and your passive income will be $90.2k pa.
Thanks a lot for your advice. We are excited of the prospect of retiring at 60.
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