COVID-19 may be appeared at the right time for some of us to learn reality on the ground for both investing and living our life especially retirement life.
You may have heard of this grand idea of retiring overseas at cheaper costs and funded by "passive" income from dividends and rental income from our Singapore assets and CPF.
COVID-19 Real People. Real Story!
He spent most of his time as retiree in his JB's security guarded landed property in JB; but some time he will travel back to Singapore's "home" for short stay.
COVID-19 scared the shit out of him; and luckily he has made quicker decision to move back to STAY in his Singapore's "home" before border shutdown at midnight! But his doggie is still stuck at JB's home!
Luckily; his JB neighbor is kind enough to take care of his doggie!
When is COVID-19 ending; and his retirement life in JB will be back to old days?
Finally; he realized he can't carry on asking for his neighbor favor to take care of his doggie for such a long time. He applied for Doggie Passport to bring back his doggie "home" in Singapore!
What is the moral of the story?
Last GE 2020; what were hot issues from Oppo? FTs and PRs stealing good jobs?
When our public hospitals were also fill up by more sick PRs and FTs; then you will know what Singaporeans will be shouting loud and clear at MIW!
Like it or not! Our citizenship will made us Priority Class in times of COVID-19 or COVID-XX? No?
Second class residents at overseas for limited medical services during crisis! You can shout at their politicians and kpkb?
For retirement planning; we should be preparing to retire at FUTURE cost of living in Singapore; and now we have articles telling you that you can retire cheaper at overseas as second class resident and funded by "passive" income from assets in Singapore.