If you have no children to support, then your present situation is still not bad.
As long as you can work, you should. Cost of living can only go up. That's why our gahmen is coming up with so many goodies to help retirees. Among the retirees, I am very sure some retired many years ago thinking they had enough saved to last their retirement, only to get caught out by the rising cost of living over the years. The CPF payout of $1200 to $1800 pm today may not buy much 15 - 20 years down the road when people start receiving the payout. Quote:
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Congrats on being a millionaire couple. You have done well. Don't compare yourself with the posting in this forum, esp those claiming to earn more than $200k pa. 99% of postings here are just fantasies.
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Totally agree. Nowadays if you own both condo and car, you are in the top 10% in terms of social status in Singapore.
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We have the following assets (mid to late 30s)
Paid up condo: $1.8M Paid up ppty in KL: $300K Cash, stocks, unit trust, cpf: $1.1M Bmw car But somehow, having more net worth bring only satisfaction but not happiness |
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Profile: Mid 40s
Total : 4 children (2 from ex-marriage, 2 from current) Current wife: 50k/annum Personal income : About 225k/annum Blue-chip stock: About 75K House: Penhouse worth about 2M for current wife & 2 dotter ( with current wife with 500k unpaid House: 2 bedroom condo worth about 1M with 200K unpaid for ex-wife & 2 dotter studying in rjc & smu from ex-marriage Alimony for ex-wife & expenses for 2 dotter :$4k/month Another 2 dotter(twins) studying in RGS now Hard to save money with 2 mortage & 4 sch going children & need to pay alimony to wife |
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Here's our assets (mid 40s married couple with two kids)
Paid up HDB executive flat valued at $700k Paid up old car with current market value of $50k Debt free. CPF $400k Cash $60k Total net worth $1.21m How are we doing? How should we prepare for retirement? |
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