So u r one of those uncles attending AGM for free food la.. jokes ya

Surprised that u did not keep at least a credit card from income days.

Yes - Hobart is the only city that properties (residential) are still increasing (only slightly though). All other cities have stagnated or are still falling.

The govt had to drop interest rates to 1% otherwise a lot of people will be in great financial strive and look like it will probably fall to 0.5% in another 6 mths - this has never happened!! What you will see with this is the Aussie falling further which is why i have only been interested in International shares (assets based in other currencies).

I have long since decided that I will send my children to America for their tertiary education because I graduated from a university in Texas and ultimately it was that experience that opened up the opportunities I had in life. I won't make them go to the same university but hope one of them follows my foot steps.

As for how I intend to fund them, I bought real estate for that purpose. Basically I bought several old buildings in Seattle and Bay Area. Remodelled and sub-divided them into smaller apartments, then I rent it out. When it is their time for college am hoping I could support them purely on the rental alone but looking at how much tuition fees cost these days and how much it is going up by every year I may have to remortgage and find more money for their living expenses.

which foreign country / countries? US/Singapore/Australia/NZ?

Comparing with Seattle and SF, kv property is petty, not worth the time and effort. Rental income in u.s should be more than sufficient for students expenses (exclude school fees). For school fees, you could always sell one property if needed.

It is always wise to invest in stocks or/and property in country where one intend to send children for further education to mitigate forex and inflation risks.

With wealth, one could live or retire in town, city or county of choice.

I think SG is a great place to invest but most of my wealth is tied up in my super (which i am paying 15% tax on investment earnings now). Once i retire, i will pay 0% tax on investment earnings (as i am over my preservation age) - this is the best thing for retirees in Aust as all earnings inside super are tax-free. There is no limit on how much you can withdraw (tax-free) once you have reached 60 (fully-retired).

However, I still have to pay tax on my investments outside super - i try not to sell now as i have to add the capital gain as income and is taxed at my marginal tax rate (37%). I probably won't sell those investments outside super unless i really have to.

I estimate my super should give me enough income to live on upon retirement. My wife also has quite a fair bit of super which she has started drawing (as she is fully retired now)- she is so happy as after so many years of working, she is seeing the rewards of her hard work.

Inside super, all earnings are taxed at 15% including dividends when you are still working. If the dividend is fully franked, that means 30% company tax has already been paid so you get a refund of 15% inside super. Once i retire, my investment earnings inside super will be taxed at 0% which means if my dividend is fully franked, i will get the full 30% refund.

I do not intend to sell my USD investments as it will be taxed at my current marginal rate (i have a lot of capital gain as i have held them for quite a while). I hold my USD investments as ETF (exchange traded funds) and they do give the dividends as zero-franked so i have to pay the full 37% tax. I cannot avoid paying the tax on the dividends.

Yes - i know you can offset previous loss (which you have accumulated) against your capital gain. I have no losses to offset my capital gain. If i want to sell, i have to wait for one year when my marginal tax is lower and then realise the capital gain in that financial year. I probably will not sell as i do not need the money and foresee that i probably will not sell for a long while.

I myself am mostly undecided whether or not I would someday give up being a Malaysian citizen. Myself to get British citizenship would be a fairly straightforward process and viewed it as my "exit plan" if ever things went south here. Something I have to be mindful off due to the nature of politics here.

None of the Hobart properties tripled in value. Not that it matters as I have no plans to sell.
The 1st is a house in Sandy Bay, was brand new when I bought it. Now after years of being lived in by PRC nationals it has mostly become a thrashed dump. Every month I get an email asking if I'm interested to sell and the last offer was 280% from the purchase price. The rental however is another story, when it was new it rented for AU$220 per week with no furniture. Now it rents for AU$780 per week and lived in by 8 PRC nationals. Next month will be its last mortgage.

The 2nd one was a place I initially bought to set up an office as I was captivated by the view. It was a run down colonial era building. I had it stripped to its bare frame and had it restored. After it was completed I decided Tas just wasn't for me and put it up for rent. It has gone up 180% taking into account all the money I had put into it and yes it went over budget by double. Rented it to a barrister who uses the entire upper floor as her office and lives at the lower floor. First started out at AU$250 per week now it is at AU$480 which I suppose isn't too bad. Thankfully unlike the PRCs this cute lil bogan does take care of the place with an element of pride but rent sometimes late and often not paid in full. Oh well at least she does tell me that she is enjoying the view of Mt Wellington and the River Dervent on my behalf.

The lands and buildings, I have no idea what is its worth as no one has ever approached or showed any interest in buying it. In any case as part of the settlement they have a 20+10 lease on it, doubt anyone would buy it as there isn't any provision for the premiums to go up until the 20 years is up. This one is now free of any encumbrance, I don't lose any sleep over it.
How old were your children when you sent them abroad? I take it you are placing them in boarding schools?

Myself, my eldest was supposed to go to an international school when she started primary but it didn't happen. Thankfully their mother decided to give up custody and I will move her to where she was supposed to be all along. The younger one will start out at an international school. It will be as international an exposure I could reasonably provide them with at this moment in time.

Am a bit sceptical on playing with currencies as I am paid an American salary by an American company in US$ though am no longer based in America. Had enough experiences of things going south hence I stick to what I've tried, tested and succeeded in. Not too keen on equities as I don't do short term investing. Prefer buying wrecks and fixing them up as it indirectly does more for my profile than just deliver returns.
Yes one of the latest challenges everywhere is all the restrictions coming into force all over the world. Also becoming a challenging affair to open banking accounts abroad and another challenge is to keep it open.

I would love to be Singapore based rather than on my current arrangement and it would halve my tax bill as I have to pay US Federal income taxes. However I could not bring myself to live long term in Singapore.
When you have overseas property then you will know what to do to manage it.

Just to share here.

Bond in very poor family
But I believe good education can get a better job and better salary

I am believe that I am quite lucky

Brought a property at age 25 at rm120k. Manage to settle home loan on 2017 and
Just dispose it last year 2018 at rm350k

And save 50-60% of the salary and able to get around 150k.

I have sacrificed a lot with a very boring lifestyle.

Very seldom go back to my home town. And until now still ride kapchai moto bike.

Get married at age 31. And have 1 child now.
Wife is fully house wife.

None of the Hobart properties tripled in value. Not that it matters as I have no plans to sell.
The 1st is a house in Sandy Bay, was brand new when I bought it. Now after years of being lived in by PRC nationals it has mostly become a thrashed dump. Every month I get an email asking if I'm interested to sell and the last offer was 280% from the purchase price. The rental however is another story, when it was new it rented for AU$220 per week with no furniture. Now it rents for AU$780 per week and lived in by 8 PRC nationals. Next month will be its last mortgage.

The 2nd one was a place I initially bought to set up an office as I was captivated by the view. It was a run down colonial era building. I had it stripped to its bare frame and had it restored. After it was completed I decided Tas just wasn't for me and put it up for rent. It has gone up 180% taking into account all the money I had put into it and yes it went over budget by double. Rented it to a barrister who uses the entire upper floor as her office and lives at the lower floor. First started out at AU$250 per week now it is at AU$480 which I suppose isn't too bad. Thankfully unlike the PRCs this cute lil bogan does take care of the place with an element of pride but rent sometimes late and often not paid in full. Oh well at least she does tell me that she is enjoying the view of Mt Wellington and the River Dervent on my behalf.

The lands and buildings, I have no idea what is its worth as no one has ever approached or showed any interest in buying it. In any case as part of the settlement they have a 20+10 lease on it, doubt anyone would buy it as there isn't any provision for the premiums to go up until the 20 years is up. This one is now free of any encumbrance, I don't lose any sleep over it.

Not too keen on equities as I don't do short term investing. Prefer buying wrecks and fixing them up as it indirectly does more for my profile than just deliver returns.

When you have overseas property then you will know what to do to manage it.

I doubt I would stop redeveloping or taking on regeneration projects. I do it for interest, professional relevance as well as investment. However what will change is closer to retirement I probably would stop doing it for my own but purely for the fees and experience, most likely will do less as well as time goes by.

Properties across the globe? I haven't quite thought or decided on how I would manage them when I no longer have the energy to run around the same way.

No doubt dividends and coupons would be easier but without me taking on some of these development or regeneration projects I lose my relevance as a consultant for urban regeneration.

My plan for record purposes. I've been on a journey of investing since 2007 when I was 20. I opened my first Super account and I had about 70k then invested in shares and also retirement account.

What I realised is that the longer I do this with increasing net worth, the harder it is to achieve a consistent return of even 8% across my investment due to the various investment products and the need to keep track of them. Not to mention the volatility in the market in the last few years really made me doubt if I can achieve the same consistent return of circa 10% before Trump became president.

At 32yo, my household networth is close to 3M. I have an additional 2 investment properties worth about circa RM900k returning at a consistent rate of 4% (equity of about 150k and the rest loan).

Our current total yearly expenses is about 120k/year and household take home is about 250-300k. Last few years was a lot more but this year I've started to take it easy. I however can reasonably expect this go up to about 500k as the wife is flying high in her career.

I personally do not plan to retire (work until at least 75-80) and at my currently work load, I can easily get 10k/month working 3-4 hours a day.

I have a very conservative expectation on my rate of return at only 5-8%/annum and our household can add an additional savings of at least about 100k a year.

At this rate, at 55yo I can expect a future value networth of about RM15-27M (assuming all invested) but with a present value of only RM7-12M based on inflation rate of 3.5%.

Based on the above at 55yo, my present value monthly active income should be RM10k (day-to-day profession), passive income should be a minimum of RM28k (4% FD rate) + rental income (if any). This excludes any inheritance we may/may not receive, but both our parents are very wealthy with networth more than 10M each.

Based on the above, I can reasonably conclude that we do not have to put any more effort into retirement planning and can pretty much go into cruise control. Of course the above do not take into account the vicissitudes of life. However I've been quite conservative in my income projections so hopefully this sets off any potential unfortunate events. We are also very well protected in terms of insurance coverage (about 2.5M life and TPD coverage each) + medical insurance.

At the current point in time, we are very contented with our modest terrace house and 2 non luxury cars. We only focus on doing my job well, spend moderately and enjoy the company of friends and family.

I guess one must first know what is the MINMAL amount he/she needs to retire.
each individual need are not the same, as can be read from some examples posted......some needs to have FEW millions to feel that they will need to have a retirement.

what is your minimal amount need?

Then, I guess, it will never be a good time to retire, for the unpredictable will also be there no matter how much one have?
diversified investment may crash, family member got kidnapped, siblings gambled away his savings needed your financial helps, business failed, etc, etc...

One of the reason why I use ‘inflation plus x%’ for my investment calculation.

I like to know can I stop work/retire early now, cause I like to spend more time with my son.

I am a single mum 40yo, son is 7 yo.

What I have at the moment is a single story house in cheras(all load paid) value at around RM400k. Am the rental income from the house is RM1800/month
I am living in a condo with my son,this condo still owe the bank RM550k, mortgage at RM3300/month

I have around 1mil in FD and recently I have inherited RM2mil (think of going to pur in FD)
Also around RM200k in stocks and Stashaway My

I've 3 children and they did twining program @ Mornash uni, I budgeted RM700K for their education however it end up spending close to 900K. Nowdays, Overseas education is extremely expensive hence it's challenge for young parent  to send children for oversea education in future.

No children cannot open up SSPN lo.

the tax benefits is when parents or legal guardian contribute to the education saving in SSPN.
the withdraw is when the child had been accepted for further studies.....

if had been studying already?.....
but i "think" if he is still below 29,..then is ok
https://www.ptptn.gov.my/syarat-buka-akaun-sspn-i-side

As long your kids is below 25 age old, you can continue contribute to both SSPN-I & SSPN i plus account for your tax rebate. anyway, tax rebate incentive will be end at year 2020 unless GOV give extension.

It doesn't really matter that much where the child is studying, because the withdrawal can be done by the child at any time. It will be withdrawn in cash, so it can be used for any purpose.
If you are a parent, you can open a SSPN-i account under your child's name to receive the tax allowance of up to RM8k per annum. Best of all, several accounts can be opened under your child's name (but each account must have a different payor). So you and your wife can open an account each for the same child and claim RM8k tax allowance for EACH payor. Your child can also open an account for himself, but he won't be eligible for tax deduction.

I think it should be easy as there had been forummers doing yearly deposit in Dec and withdrawal in Jan routine...
to capture the tax benefit and reinvest that money for 11 months...