A few questions to be seriously answered before we know whether we ARE LIKELY to be right in the future. (1) You seriously think that you won't get married and have kids. (2) You don't REALLY have any dependents counting on you alone. (3) You don't foresee you will be forced into unexpected early retirement If the answer is all YES! You can go ahead with your 30 year bank loan! Uncle8888's past conversations with those who have been retrenched. Those who said Heng Ah and felt so relieved! are those who have fully paid up their housing loan! You will know whether you have made that right or wrong decision regarding your housing loan when you are retrenched in your 50s!
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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