Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Retire with passive income

views
     
humble_tot
post Aug 12 2012, 11:52 PM

Enthusiast
*****
Senior Member
706 posts

Joined: Jun 2011
From: KL


QUOTE(tikaram @ Aug 12 2012, 09:26 PM)
OMG .

Almost 50% saying at least need RM10k.
Me too, need RM10k of the current MYR value to retire comfortably wink.gif
humble_tot
post Aug 13 2012, 05:22 PM

Enthusiast
*****
Senior Member
706 posts

Joined: Jun 2011
From: KL


QUOTE(kochin @ Aug 13 2012, 03:39 PM)
another way of doing it as what my boss did (i act as his witness in his will! smile.gif ).
he basically will a portion of it to a custodian on behalf and release to the son upon certain maturity. (eg. the son must be 40 years old before he can inherit it). think he's working on the assumption that if you don't grow up by 40, you never will liao lah.
Worrying how "live-able" is Bolehsia in xx years time, my will allows my child inherit 50% each @18yo & 25yo so that the child can dispose the props & migrate, if wanted to.

There is a risk that a 25yo person still not mature enough but after considering the way our Gomen operates I don't feel comfortable delay the inheritance too long. However the will work this way only if both me & wife pass ealy sweat.gif


Added on August 13, 2012, 7:38 pm
QUOTE(funnybone @ Aug 13 2012, 04:31 PM)
Frankly..it is still insufficient to live in KL with 10k-12k /monthly with few kids to be provided with quality education
*
True, for my case the child has graduated when i retire thus i only count me & wife's expenses.

This post has been edited by humble_tot: Aug 13 2012, 07:38 PM

 

Change to:
| Lo-Fi Version
0.0150sec    0.36    7 queries    GZIP Disabled
Time is now: 21st December 2025 - 05:01 PM