I am an only child and I am my parent retirement plan..
My father has passed away and my mother is mid 70s..
In olden days, there's no concept of retirement planning..
So many people in that era has little to no CPF..More so when my father was an odd job labourer and my mother used to do menial chores like washing clothes for other families..
Now, my mother stays by herself in her 4 room HDB flat.. with 2 rooms rented out to PRC operators and I supplement her with $500 allowance a month and pay for everything else.. utilities.. internet for the tenants.. s&c charges.. etc..
It is tough being the only support but you cannot choose your parents.. End of the day, you must give back and take care of your parents who sacrificed, gave birth and took care of you...
Now, my retirement plan is to go Johor Bahru when I am old.. Already bought a condo there...
Hopefully I can rent out HDB and retire in Johor without relying on handouts from my children so that they have more options to take in their lives..
My father has passed away and my mother is mid 70s..
In olden days, there's no concept of retirement planning..
So many people in that era has little to no CPF..More so when my father was an odd job labourer and my mother used to do menial chores like washing clothes for other families..
Now, my mother stays by herself in her 4 room HDB flat.. with 2 rooms rented out to PRC operators and I supplement her with $500 allowance a month and pay for everything else.. utilities.. internet for the tenants.. s&c charges.. etc..
It is tough being the only support but you cannot choose your parents.. End of the day, you must give back and take care of your parents who sacrificed, gave birth and took care of you...
Now, my retirement plan is to go Johor Bahru when I am old.. Already bought a condo there...
Hopefully I can rent out HDB and retire in Johor without relying on handouts from my children so that they have more options to take in their lives..