Quote:
Originally Posted by snooker
In Singapore with a fully paid property, you will need to have at least $1.5 million in cash to retire
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No offence bro, but this is what I mean by small boy talk. Gin na pak elastic. I am nearing the end of my career and I have not seen many (or any) of my peers with $1.5m in cash IN ADDITION to a fully paid property. Sure, there are rich people in Sg. Maybe only 10% of Sg population or approx 350,000 citizens have it, and I haven't had the good fortune of meeting any of them?
When you say "you will need", the assumption is 100% of Singapore citizens must have it IN ORDER to retire, which is not realistic.
My question is what is YOUR OWN (realistic) retirement plan?