i don't doubt the abundance of these units. it's the moving that is the pain. unless we have super professional house movers like Tokyo that will take care from A-Z for you then can consider.

Paying loan plus interest is akin to paying rent but with final result of owning the house. After retire and almost finish using savings, can sell house and move to luxury old folks home as a back up plan. This works better with landed properties.

would you rent your apartment to a frail looking 70 year old man?

dunno ler, my family said landlord don't like to rent to single old people.... risk of dying in their unit...

so owning a place, even if single .. is important lo....

Although I am inclined to rent , but as I get older, I do see their point....

Another thing is

Landlord can ask for a raise after contract and this will definately take a hit on your cost of living

And with a fully paid house, you have one lesser thing to pay after you've retired

I have been forced into early retirement (age 58) by a combination of Covid-19 pandemic and a totally unrelated health issue.

My working life has been spent all over the world and, as a consequence, I have no personal pension but a reasonable pot of money to invest. At the moment, most of it is invested in PNB products and returning around 4% - which is enough to pay the bills but we would like just a little more, maybe 6%.

Any suggestions?

That's the worse solution. Bank RM only interested in selling products.

FI yes. no need to worry if jobless for 10 years.
RE not so fast

definition of FI varies for every individual. one can achieve light FI like me, where owning an 500k apartment house, normal 2 numbers of toyota car and have 800k in reits and stocks, with 200k emergency cash to spare

some others is icemanfx, she may probably need rm50 mil to achieve FI to sustain her lifestyle

Iceman, what's your lifestyle like?

Even 10k sounds a lot to me for retirement. Put aside emergency or health care fund. Unlese you're a keen traveler,

I agree. But spending 1k a day is.. 😅

40k/mth is close to 500k a year

Even travel 4 times a year doesn't cost that much?

That's real quality lifestyle

RM40k a month  lifestyle...
Struggling wage earners will pengsan see how you splurge there

wah if married with kids and all going on that kind of lifestyle
how much saving would  you need man..

he dun spend on himself... but but
i am also thrifty person.
but once the kids come.. and they grow up.. then
the story line change..

Just yesterday my kids educate me the 3 types of ARMANI..

i answer them WHO CARES...? but but.. money not spend by me
but next generation will help to spend it...

as parents not easy to say NO...

Private school is no more for the rich... its like a necessity for all.

You spoiled your kids liao. What are they doing with Armani???

Actually I am looking for advisor for insurance. That's why I feel surely MyFP Services Sdn Bhd won't take me in. Cause I just want advise for insurance.

Sorry?

Was told these fields should last longer, robotics, machine-learning, AI.
Most worry is MYR devalued like some of the MiddleEast countries like Syria, Iran, Lebanon, Pakistan, Bangladesh, Turkey. So must park some assets overseas.

:blush_ani:  Takut mati tlg x retire! 

https://www.phillytrib.com/news/health/tips...1c53434e03.html

Retirement is a phase that most of us will experience. But should we just ride off into the sunset and accept retirement as a phase we all have to live with? In a study of Shell Oil employees it was found that people that retired at 55 and lived to be 65 died 37% sooner than those that retired at 65. They also found that people who retired at age 55 were 89% more likely to die within 10 years than those that retired at 65. Social Security data noted the trend, as well. Men that retire at 62 had a 20% higher likelihood of death than the general population.

The person who starts FIRE has gone back to work....

For a little context

SOS

nice... only need 2.2 million ringgit to be T01 in Malaysia...

I believe it is more of a statistical fluke.

Lets say a person has 10 million ringgit networth. 99.9% chance within the 1% population size.
but if said person's family size is 5 persons, then it becomes 2 million on average. 

then again, we don't know how Knight F calculate this, but the stats is not too inconsistent with the T20-M40-B40 income stats.

Find it hard to believe

Think lots of politicians or people dont declare