How much are you earning per annum?

Age: 33
Cash + Shares: 70K
Condo: Valuation - debt = 680K
Investment property tenanted at 6% yield: Valuation - debt = 110K
CPF: OA+SA+MS=130K
No car, no kids, married. Work 55h a week.
Enjoy shopping and eating out, the little pleasures in life that make it tolerable.

Networth around 980K, but mostly tied up in property, so I still don't feel successful.
Its a long long slog to retirement.

You should work towards having children. For women, their child bearing ability will be less with age. The joy of having children is priceless, those who don't have will never understand.

Originally Posted by Unregistered

Age: 33
Cash + Shares: 70K
Condo: Valuation - debt = 680K
Investment property tenanted at 6% yield: Valuation - debt = 110K
CPF: OA+SA+MS=130K
No car, no kids, married. Work 55h a week.
Enjoy shopping and eating out, the little pleasures in life that make it tolerable.

Networth around 980K, but mostly tied up in property, so I still don't feel successful.
Its a long long slog to retirement.

Low income grad couple.
Earning only $207k pa combined.
Live only in 2 room condo unit, worth $1.2m. Loan left $300k.
Drive only an old car.
But we are happy because we are Singaporeans.
Singapore is a beautiful and safe country.

Solo breadwinner, $165k pa. Wife, home maker.
Live in EC, paid up. Owns a small 1.6L car. Debt free.
Cash savings $300k. CPF savings $250k.
Now 48, will need to work until 65.

I have two retirement options:

1. Sell condo and buy a small 3 room hdb flat.
Or
2. Sell condo and retire in Malaysia (can live in luxury condo and drive car).

Which should I choose?

I hope someone who has already moved to stay in a cheaper location (M'sia, Thai, or Philipines) would come forward and share their experience.

Cost of living is only 1 factor, and other equally if not more important factors like hygiene, safety, convenience, food and culture need to be considered too.

Living in a low cost country does not necessary mean that all things are cheaper. Imported goods are expensive because of their weaker currencies, but locally produced goods are probably cheaper.

Not so sure if it is a good idea for older people to live in an unfamiliar place without friends and family, just to save on expenses. I have a friend who stayed in US since graduation but now in his 50s, he longed to come back to S'pore. He wants to spend his last days here with his family and relatives.

Each year we have many who migrated to Australia and NZ. But these tend to be younger families who went to seek greener pastures and work. Not all end with happy endings. Many ended doing low level work and struggling to feed themselves.

Is a there a forum or blog where retirees who moved to neighboring countries share their experience?

Originally Posted by Unregistered

Solo breadwinner, $165k pa. Wife, home maker.
Live in EC, paid up. Owns a small 1.6L car. Debt free.
Cash savings $300k. CPF savings $250k.
Now 48, will need to work until 65.

I have two retirement options:

1. Sell condo and buy a small 3 room hdb flat.
Or
2. Sell condo and retire in Malaysia (can live in luxury condo and drive car).

Which should I choose?

Hi guys,

Sorry to hijack this thread, as this seems to be the most active thread with many experienced professionals.

I'm 32 yrs old, worked for 7 yrs in the finance sector. Last year i made about $110k all in. Right now i'm getting into the phase of moving into my new house and family planning.

My question is for someone my age and salary level, is it too late for me to do a Masters degree? Im thinking of pursuing a part time Masters to further improve my financial knowledge. However im worried that I might not have enough time for my family if I have children as a part time Masters typically will require 2 years of commitment after work and weekends..

Is a Masters worth it?

Appreciate any thoughts/advice!

48, stocks investment genius, retired. Earning passive income of $150k pa. Annual spendings $100k.

Luxury condo, fully paid up. Luxury conti car, fully paid up.
Totally debt free.

Several gazillion dollars a/p

I own Singapore.

Debt free.

I don't drive, I take my Cessna private jet instead. If it's a short distance, I my pilot flies me by helicopter. If it's even shorter distance, my servants carry me on my throne.

I hope you feel good about this, but I read that delusional thoughts like what you expressed below do not cure depression. You need help.

Originally Posted by Gazillionaire

Several gazillion dollars a/p

I own Singapore.

Debt free.

I don't drive, I take my Cessna private jet instead. If it's a short distance, I my pilot flies me by helicopter. If it's even shorter distance, my servants carry me on my throne.

[darkstar]

Originally Posted by Unregistered

Hi guys,

Sorry to hijack this thread, as this seems to be the most active thread with many experienced professionals.

I'm 32 yrs old, worked for 7 yrs in the finance sector. Last year i made about $110k all in. Right now i'm getting into the phase of moving into my new house and family planning.

My question is for someone my age and salary level, is it too late for me to do a Masters degree? Im thinking of pursuing a part time Masters to further improve my financial knowledge. However im worried that I might not have enough time for my family if I have children as a part time Masters typically will require 2 years of commitment after work and weekends..

Is a Masters worth it?

Appreciate any thoughts/advice!

Hello,

I am about 4 years younger than you but have spent 4 years in the private education industry, so i have seen a lot of cases like yours before.

of course, the advice I give might not necessarily be relevant to your situation, as each individual's circumstances are different.

In taking a masters, you can consider the following:

1) ROI
2) Commitment on time
3) commitment on money

if you take a masters, would it translate into higher pay/promotion prospects/career development for you? I am not sure what your job is but you can check your seniors to see what they think. If career development is important to you, choose a good uni.

early 30s to late 30s is actually the right time to do a masters but even a part-time degree will take a lot of time, so do be prepared to make that sacrifice.