45 yo couple
Annual passive income $18k dividends from Singapore stocks $8k dividends from US stocks $24k interest from CPF accounts $50k total for now Waiting to buy 2nd property and turn one into rental income, target $30k |
We are roughly in the same group, me and wifey are both 56.
Our combined passive income (2016 figures) 1. Dividends - $55k 2. Rental - $40k (gross) 3. Interest from FDs - $5k 4. CPF (all accounts) - $60k (of which $18k was from our RA, cannot touch until 65) Total passive income : $160k Our retirement plan - to depend on CPF as the main source of income. The secondary sources would the dividends and rentals, which are highly volatile and very dependent on market conditions. At 65, we should be receiving $45k - $48k from CPF Life, and another $48k - $50k of yearly interests from our OA and SA. The total from CPF would be $93k to $98k pa while our expenses should be $84k pa or $7k pm. Quote:
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Hi,
Thank you for your posting. Your number is reasonable and I guess both of you are high-income earner and rather conservative investors. To achieve your passive income, I think both of your combined income is in the range of $450-600K/year. I am unable to hit such salary level. Have to save and invest more, starting from CPF, insurance, structured notes, UT. Do you leverage in your portfolio of $7.5M or is it full cash investment? Thanks Quote:
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To get $50K from your Ordinary Account at 65 (since your Special Account gets transferred to the Retirement Account for CPF Life and contributions to the Special account fall dramatically after 55), you need bout $2,000,000 or $1m each in your Ordinary account. That might be too much liquidity to have around and not deployed into higher yielding investments. |
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We have SRS too, only $260k combined, as we started contribution late. We didnt include the SRS money as one of the retirement fund sources as we intend to use it up over 10years (from age 62) at a drawdown rate of $26k pa.
And I agree that having $2m in our CPF OA and SA is holding too much liquidity. But we are happy with the 2.5+% interest rate from the CPF while waiting for opportunity for investment. If there is another market or economic downturn we will be ready just like when we bought our 2 properties - one in 2003 SARS period and one in 2008/9. In the meantime, $60k pa interest income from CPF is not too shabby. As we are passed 55, we also want to move away from riskier investments, so unless any market correction (property and stocks) is deep, we will maintain our status quo of investment holdings and keep the money in CPF. And yes, we have no debt. This peace of mind is really priceless. Quote:
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Everyone looks rich in this forum
So much passive income flowing in Singapore has no Poor people |
Only those who have done well will share
There are poor people |
Dont believe everything you read here lah!
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