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Mercury Securities Research
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save malaysia!
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The Alpha Trader
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pkchong
36 posts
Posted by pkchong > 2022-10-11 18:20 | Report Abuse
With two years to retirement, saving and EPF of ~$1M and 1 rental property paid off by then. Assessment is needed if the income generated are sufficient to sustain the lifestyle intended.
If both are really conservative in money management and do not want any hassle, let EPF manage the total saving is the option avialable. With the recent budget, can top-up $400K in the next two years into EPF from saving.
Let say can reached $1.1M in total EPF and 5.5% of dividend will yield slightly more than $5K per month. With another $1K net from property rental, this make the total monthly income at $6K per month without reducing the "Principal Capital" available.
By then, can make arrangement with EPF to withdraw the yearly dividend of $60K or monthly of $5K. If this is sufficient, then can retire comfortably with peace of mind...............