We Make $360K Per Year & Own A Condo & HDB In Our 50s: Should We Sell Or Keep Our Properties To Retire?

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8 months ago

Omg. No need to write a phD thesis to answer. Answer is keep status quo, don’t do anything.

8 months ago

Great analysis, details, and helfpul insights. Seems like this couple have, what we call, a “good problem”.

3 months ago

In option 4, how is the couple going to finance their 2.5m freehold condo after selling the condo at 2.01m? I’m not sure if you can pump in $1m into RA and even if it does, RA compounds at 4% but I think the interest will be channeled to the cohort account so effectively, you will get a higher monthly CPF Life payout till your death but not a $3.2m golden tap for you to tap on.

Stacked Homes
3 months ago
Reply to  Gau

Hey Gau! From selling their existing condo, they’ll receive $2,001,629 in CPF and cash, but because they’ve already hit the FRS, any excess funds can be withdrawn as cash. So we can assume this whole sum to be in cash. On top of that their combined CPF funds that can be withdrawn after setting aside FRS currently is $358,800. They also have cash on hand of $600,000 and all these total up to $2,960,429.

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