How much are you earning per annum?

Low income family, early 50s. Annual income, $60k pa. HDB flat, bought many years ago, paid up. Now flat worth $350k. Cash/CPF, $200k.

Like that how to retire? Gurus, please advise us.

Aged mid40s, prop valn $4m, o/s loan $1.5m.2 kids 16 & 12
Cash $3m, annual income $300k. No shares held. Net worth inc insurance etc about $6m. Need advise for retirement planning. Thinking of paying off loan, and investing balance in property or high dividend yield shares. Any thoughts ?

Originally Posted by Unregistered

Aged mid40s, prop valn $4m, o/s loan $1.5m.2 kids 16 & 12
Cash $3m, annual income $300k. No shares held. Net worth inc insurance etc about $6m. Need advise for retirement planning. Thinking of paying off loan, and investing balance in property or high dividend yield shares. Any thoughts ?

You can retire now. Sell everything and convert to RM, you will get RM15m. Being a multimillionaire in Malaysia, you can retire like a king. You can live in a mansion and employ 3 maids, one gardener and one driver.

Originally Posted by Unregistered

Low income family, early 50s. Annual income, $60k pa. HDB flat, bought many years ago, paid up. Now flat worth $350k. Cash/CPF, $200k.

Like that how to retire? Gurus, please advise us.

You can easily retire in Thailand, for $1k pm. So your assets can last you for many years in retirement.

Hubby, 40, $65k pa.
Me, 45, $80k pa.
Home, 5 room HDB flat, valuation $538k, loan remaining $100k.
Small car, no loan.
One daughter, 15 years old.

Thinking of buying a condo in Malaysia for retirement. What do you think? Good idea or not? With the HSR, we can visit our daughter every 3 months.

You can try retiring in Chiang Mai. Cost you only $1k pm to retire comfortably.
Just google "retire in Chiang Mai".

You already have got a lot of assets, if you compare with millions of people in the world.

Originally Posted by Unregistered

Hubby, 40, $65k pa.
Me, 45, $80k pa.
Home, 5 room HDB flat, valuation $538k, loan remaining $100k.
Small car, no loan.
One daughter, 15 years old.

Thinking of buying a condo in Malaysia for retirement. What do you think? Good idea or not? With the HSR, we can visit our daughter every 3 months.

Can you share more details on how you manage to accrue a net worth of $6m because the numbers don't add up. Even if you save your full salary of $300k pa for 20 yrs you will only have $6m. There is income tax to pay, home to buy, living expenses, car to buy etc...

Frankly if I am in your shoes, I wouldn't worry about retirement as I don't have any expenses.

Originally Posted by Unregistered

Aged mid40s, prop valn $4m, o/s loan $1.5m.2 kids 16 & 12
Cash $3m, annual income $300k. No shares held. Net worth inc insurance etc about $6m. Need advise for retirement planning. Thinking of paying off loan, and investing balance in property or high dividend yield shares. Any thoughts ?

We are both 48 years old, been married for 18 years and now have a son, aged 13. We are not top performers in our cohort, neither in school nor in our careers. I earn only $80k pa while my wife earns $70k pa. We bought our first HDB flat and still staying in it. We managed to pay off the mortgage as we bought at a low price direct from HDB.

Does anyone out there are in worse position as us? We are grads btw.

Originally Posted by Unregistered

Can you share more details on how you manage to accrue a net worth of $6m because the numbers don't add up. Even if you save your full salary of $300k pa for 20 yrs you will only have $6m. There is income tax to pay, home to buy, living expenses, car to buy etc...

Frankly if I am in your shoes, I wouldn't worry about retirement as I don't have any expenses.

Accumulated mainly through flipping properties & businesses. I have expenses alright...kids related and also cars as well as o/s mortgage. I'm contemplating early retirement hence want to build passive income portfolio of property and/or stocks. Would like to hear what others would do in my situation.

Everyone is earning big bucks here. I make only 80k pa and consider myself as low income.