Quote:
Originally Posted by hellwolf1
Thanks pantyhose for the advice, you are right about spending most of income on expenses when income is low and might have another stress issue which is money, point taken.
unfortunately, i dont have any side hustles.
what do i want in life? hmm i envision myself being single and wants to retire/work for fun or at the very least not to be worry about money about the age of 45? Hence i come up a plan of having 1.5k to 2k per month for the rest of life. Assuming i start at age 45, needed 24k per year that means i need to have 240k cash in bank so i can reach age 55 to take out a lump sum from cpf and carry on another 10 years to wait till my CPF monthly payout.
That's my thought but i guess to carry out this plan, probably I have to keep my current job so I can achieve with this plan at a faster rate
Thanks for highlighting!
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so after setting aside ur brs/frs in cpf at 55, u able to have 240k to be drawn out in lump sum? means u got have a good salary bro.