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Retirement Planning

A Step-By-Step Roadmap To retirement planning

have you started your retirement housing planning?

What is next?

After selling your current place, where should you move to?

Amount of CPF that can be used?

After setting aside your CPF Retirement Account, how much CPF can be used for the next house?

Cash

After selling and buying your next home, how much cash can you keep for retirement?

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Actual Case Study

Case Study 1

Mr Tan is 54 years old this year and stay in a 5 room HDB flat. He is required to keep $166,000 in his CPF Retirement Account upon reaching 55 years old. Here, he has planned to downgrade to a smaller HDB flat. After working out a detailed financial calculation with him, he can safely downgrade to a fully paid HDB flat before his CPF is locked up in his CPF Retirement Account. 

Case Study 2

Mr and Mrs Liew are in their 60s. They stay in a private condominium with their grown up children. They plan to downgrade to a HDB resale flat after their children got married. They have an existing $100,000 in outstanding loan. After selling their condominium and fulfilling their CPF Basic Retirement Sum, they are able to fully pay a HDB resale flat and yet have $500,000 cash for retirement.

If you are still unsure about your next housing plan. Give us a call so we can explore your options together with you. We have many experiences dealing with such cases. They are a little complex and not so straight forward. But rest assure. We will do our best to assist you on your housing needs. 

During the meet up

we will share

We seek to listen to your needs before sharing our proposals.

We will do up a financial calculation to assess how much to budget for the next property.

We will coordinate a smooth timeline from sale to purchase.

We will answer any of your concern including the use of your CPF.

How to preserve your wealth with the next purchase so you can leave a lasting legacy.

We will share what are the potential pitfalls and how we address them.

Contact us now

We Would Be Happy To Meet You And Assist in your housing needs

Your retirement housing plan is one of the biggest decisions you will ever make in your life! You could be having doubts and feeling insecure on your next move. You hope to get it right! Here, speak to us over coffee on your retirement planning. Having helped many clients to right-size and making the move a hassle-free one. We hope to help you to achieve similar success too.

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