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@mattseto1054
Жыл бұрын
Accumulation of wealth but sadly don’t know how to spend it in retirement… cannot bring along when u are dead. As we plan for our retirement, also as important to learn how to spend the nest egg.
@JRambonian
Жыл бұрын
Just downgrade to 4rm HDB can easily cash out 800k difference and continue to rent out 1-2 rooms. Max out 400k SSB for a couple and invest the rest in TBills, reits, bond etf. Can also top up RA to ERS if really duno what to do with the cash. They are so “rich” liao still worry not enough 😅
@JS-ev4xc
Жыл бұрын
Frankly speaking, i don't know why there is even any concerns for planning at their age and no children to pass down the wealth. Just convert everything to cash and enjoy the remaining life time, they are considered filthy rich liao.
@joshconsultancy
Жыл бұрын
Home convert needs a downgrade. And as shared, 4rm and below HDB to avoid cooling period
@JS-ev4xc
Жыл бұрын
@@joshconsultancy I mean those items that can be monetized, those that deem too much hazzle just leave it as it is. Just the Life Insurance Policies alone, they can get back half mil, insane enough right? But downgrading to smaller housing I reckon is even a blessing being easier and cheaper to take care too. c",)
@xiaoxin5689
Жыл бұрын
@@joshconsultancy Downgrade from their current condo to another HDB may not a good option, as they are still own a HDB with rental income. To downgrade, they need to sell out their current HDB which give them monthly income of 2.7k currently. They might review their bigger expenses on insurance premium first..
@lynnchua1890
Жыл бұрын
The hdb is theirs or her mom’s?
@aave865
Жыл бұрын
Malaysian properties are never a good capital gain investment be it landed and condo. I would suggest to anybody who wish to retire in Johor to rent a whole house or condo on a yearly basis so that you could get a better rental rate. But since the couple has already purchased the units in Malaysia and have paid them in full, the best course of action would be to rent one of the propery out and retire in the other one. Do not be discouraged by the traffic jam because the RTS link will be ready in 2027 it could be a game changer for those people who already owns a property there by then. If lowering the daily living expenses is a top priority then owning a property there and retire or renting one there on a long term basis makes sense. But bear in mind though as I mentioned earlier forget about any capital gains. Any resale will 90% be a loss. But then property there are cheap get a 99 years condo for only SGD 100k, armostise it till you pass on...its a no brainer calculation it is very much more affordable than staying in our old folks home.
@SurendrenApparoo
Жыл бұрын
Makes good sense, the way I see it. Initially, I thought I could stay in a cheaper area of Malaysia further north. But with the RTS coming up soon, it is starting to make more sense now to remain closer to home.
@kevinho4504
Жыл бұрын
I am the opposite, HDB asset and a few millions in dividend stocks such that I go on vacations 3 times a year, dine out every weekend, enjoying my life to the fullest with sporting activities and not worrying about what tomorrow will bring. ❤
@joshconsultancy
Жыл бұрын
Tsk you're too good!
@kevinho4504
Жыл бұрын
@@joshconsultancy not that I am good Josh, I just know what I want and that is to enjoy my life without worrying about $, going yo restaurants without worrying how much the meal costs, maintaining a active lifestyle with my regular gym, running and wakeboarding activities. I still have another 6 more years to retirement and still having a good corporate career too, resulting in me not needing the dividends for living expenses. So I have been reinvesting dividends for compounding effect for 10 years with liquidating twice during this period due to covid and Ukraine war and buying back lower. I am preparing to liquidate everything again come next year once I hear about any impending military activities in China/Taiwan (if the storyline gets that far).
@kinboon3138
Жыл бұрын
Actually, I don’t know what issue are they facing. They have a lot of options. Yes, may be too many options.
@joshconsultancy
Жыл бұрын
Question is what to liquidate to solve negative cashflow. Liquidating is hard
@shawnang280
Жыл бұрын
I don’t see they have any issue. They are rich enough. Sell all Malaysia properties if possible. No loan already nothing to worry about
@joshconsultancy
Жыл бұрын
They wanted to hear what should be considered for monetizing. On other hand in retirement, we need cashflow and not a pile of cash coming back that need reinvesting. If interest rates go back to 1%, there would be a dilemma because should they rebuy property for higher rent income again? Hope it explains k
@jamesl2590
Жыл бұрын
Bohua la...Can't even enjoy life in their prime years. The utility from spending for old age activities can't be compared to youth.
@Notsosmartyetnotsostupid
Жыл бұрын
Regardless how you plan or budget, there will always be unexpected spendings that resulted to insufficient savings. So the rule is save or generate more recurring passive income with surpluses even if you are retired. 😅
@joee2743
Жыл бұрын
Statistically. SG Men & Woman die around 80+ years old not 90 to 95. With men dying slightly earlier. Not sure what gives them the confidence they will beat the stats but all the best to them. Hope they're able to enjoy retirement... Many options for them. Let them pay for professional financial advise from Josh Tan.
@joshconsultancy
Жыл бұрын
Got her permission to do this case hopefully to impact more retirees. =) If its a good fit, Id be happy to take on a fee based work.
@damyeuful
Жыл бұрын
As they have no kids, I think they should monetise some assets and start enjoying life and chalking up experiences before they become too old and health catches up. Unlike myself, where my wife and I are legacy planning for our kids future as well. My 2 cents worth.
@damyeuful
Жыл бұрын
Have seen colleagues who become weak and health problems prevent them from holidaying and experiencing the joys of travel.
@andysaw9443
Жыл бұрын
Is industrial properties a good investment? There are seminars promoting them for rental. Does it make sense and does industrial appreciate or they are flat
@joshconsultancy
Жыл бұрын
Ive this tutorial "Investing Into Commercial Property BETTER Than Buying REIT???" - kzitem.info/news/bejne/wGefvKh-rauBl3Ysi=0NOotv_-VDVjIt_9
@money3ss
Жыл бұрын
1 condo pty, 2 Msia Pty, Several Insurance, equity, CPF, plus anything I missed with no debt - still need to downgrade... well I m not surprised cos my annual expenses is more than her but it wld be hard for most to fathom. Portfolio definitely more complicated than mine.
@MaxGarmin
Жыл бұрын
Thanks Josh for the wonderful insights and advice!
@joshconsultancy
Жыл бұрын
No probs. Share with someone who should hear it too 👌🏻
@JamesDeanDiedIn1955
9 ай бұрын
Move to JB, rent a newish home with enough rooms for mum and aunt. Rent out homes in SG and Iskander, live off the rental income Let cash in bank account deplete over next 3 years
@joshconsultancy
9 ай бұрын
Feasible 👍
@MH-ob3pj
Жыл бұрын
How about they move to Malaysia and rent out their entire condo instead? I don't think their jobs require them to come into SG everyday. If I m the husband, I may quit the job when I stay in Malaysia. As for the wife, can you schedule your property transaction to avoid the traffic at causeway? No point leaving Malaysia house empty. The extra rental may be enough to last you for the next three years. After that, with cpf and private pension payout, your cashflow problem is resolved. The elderly will not move, so u move....😊
@joshconsultancy
Жыл бұрын
Good points raised
@Huathuatah88
Жыл бұрын
By right with a few properties and once fully paid, the money should be rolling in.
@joshconsultancy
Жыл бұрын
If able to rent well. As in case, the rent is not sufficient
@ocswoodlands
Жыл бұрын
over leveraged. iskandar PROPERTIES- not wise. Money losing
@Huathuatah88
Жыл бұрын
@@joshconsultancy at first I thought it was all Singapore properties. Iskandar properties CMI de...
@Phonedumb
Жыл бұрын
I don't see any problems with retiring leh.... so much wealth already. Sounds like the typical sort that dun wanna liquidate anything accumulated... yet complain not enough to get by. So much in CPF too... these sorta people don't need advise (won't follow anyway). They need to go through their self inflicted deprivation and come to terms that they can't have their cake & eat it too. 😂
@chia_william
Жыл бұрын
Can do reverse mortgage for their HDB. Since no children to pass on..
@joshconsultancy
Жыл бұрын
Yes ive suggested reverse mortgage on own condo>
@andysaw9443
Жыл бұрын
Once investment made in oa and later I sell does the principal and profit goes back to oa
@joshconsultancy
Жыл бұрын
yes
@Star-008
Жыл бұрын
Many Singaporeans don't understand that Singapore is a city state and doesn't have a hinterland. In China, for example, people worked in first tier cities all their lives but return to their hometown countryside for retirement where the air is fresher and expenses are low. Retired Singaporeans do not have this option and can only retreat to developing countries. However, retirement visa cost is rising and their overall expenses much higher than the natives.
@joshconsultancy
Жыл бұрын
Interesting perspective
@ignatiusee3564
Жыл бұрын
If one live beyond 80. It's a curse and not a blessing. Need to worry about living expenses, poor physical and mental health etc. Do focus on how to die ie: AMD, DNR etc
@joshconsultancy
Жыл бұрын
No la, can be old and healthy =0
@ignatiusee3564
Жыл бұрын
I work in healthcare. Old and healthy is rare.
@PeterLeo-m6w
2 ай бұрын
@@ignatiusee3564 Sad but true, as was in HC too, seen n heard to much infact 4 nurses i know oso die young, so sad but at least they no longer in pain :)
@AhWing89
Жыл бұрын
My parents are also hard to change. Whatever plan is better to plan it for current or next generation. JB traffic jam is not an issue if they plan to retire there because they can go back Singapore at non-peak hours.
@joshconsultancy
Жыл бұрын
Think perhaps there is still semi/retirement work in real estate and elderly needs to come back
@AhWing89
Жыл бұрын
@@joshconsultancy I see, if the elderly needs to adhere to some working hours rules, then there is a risk they may faced a jam.
@louth1770
Жыл бұрын
Its cruel to see the old folks placed on old folks place, like prisoners in their confirned spaces.
@joejoe6136
Жыл бұрын
I stayed in iskandar for 7 years already , I have 5 property here all rented out since took keys few years ago(year2017). Not sure why they can't rent out.
@joshconsultancy
Жыл бұрын
Is it hard to find tenants? There seems oversupply with Country garden estate. How is yield roughly?
@joejoe6136
Жыл бұрын
@@joshconsultancy if example, my sis in law looking for landed in Sunway iskandar, the selling price now is Rm 740k The market rental here now is Rm 3500
@joejoe6136
Жыл бұрын
@@joshconsultancy country garden ? Means forest city ? That area is not a convenient area . Check jb town area , medini ,puteri harbour. Jb town like RnF ,skysuite rental yield is very high.
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