How much is enough for retirement in Singapore?
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janet88:
Come to think of it, I think you made the right choice. Sell off your current flat at Bukit Timah and you can use part of the proceeds to pay off your new flat as well as save up the other half for retirement/kids’ Uni fees.
same here...in my mid 40s and kids' education weigh heavily in my mind.lee_yl:
I’m in my late 30s and as of now, my children’s education is my topmost priority.
space is important...which is why the 5 room is a good choice (although not that much bigger than my 4A).
when they both get married, i did tell hubby we downgrade to a 3 room...and he agrees.
Why not? A 3-room flat is easy to upkeep for old folks when kids get married and decide to moved out. -
ammonite:
Container garden = soil but no drainage?
And wells!
I prefer container gardens - not as space-efficient as hydroponics but satisfy my \"plants must have soil\" stubborn thinking. Gardens by the Bay's Flower Dome has some container gardens within the Californian Garden section. I think that can be doable in a sunny corner of an apartment. -
Need drainage
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Downgrading or right sizing is one of the ways to get cash to fund for retirement
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lee_yl:
selling off Bukit Timah flat to pay off for the new flat as well as outstanding loan...proceeds to pay for renovation and retirement.
Come to think of it, I think you made the right choice. Sell off your current flat at Bukit Timah and you can use part of the proceeds to pay off your new flat as well as save up the other half for retirement/kids’ Uni fees.
Why not? A 3-room flat is easy to upkeep for old folks when kids get married and decide to moved out. -
Nebbermind:
Why not just rent out the rooms n get a passive income? can even use it to finance your dream car
no thanks...i don't like the idea of staying with strangers. -
janet88:
Well, it's an option to get regular income for people who haven't got much savings. Cashing out and then $$$ starts depleting and not growing also will become a problem.Nebbermind:
Why not just rent out the rooms n get a passive income? can even use it to finance your dream car
no thanks...i don't like the idea of staying with strangers. -
i dont think i will mind renting out a room if need to…best give them a master room. they will only walk in and out through the main door and get water from kitchen occasionally
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MrsKiasu:
i dont think i will mind renting out a room if need to..best give them a master room. they will only walk in and out through the main door and get water from kitchen occasionally
My relative donch mind having tenants coz she lives alone and the rental she collects is more than she needs. But she's also picky on the choice of tenant. -
downgrade to a 3 room flat…easier maintenance when i am older.
i like privacy. so the idea of having a stranger in and out makes me very uncomfortable.
hope my 5 room by then would be more accessible with amenities when hubby retires.
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