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Rental income may not be enough to service the loans; bonds flagged as another concern
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  January 2, 2017
Read? Rental income may not be enough to service the loans; bonds flagged as another concern .......... MAS noted, however, that on the whole, households here have an "ample financial buffer" to weather the stress of soft economic and labour market conditions. Still, it warned that as slower growth weighs on earnings, some households might find it harder to service their debts, especially if they have taken on a high amount. Households should start planning for retirement early and take a long-term view when deciding on property purchases, MAS said. After all, the more households pay towards property, the less they have left over for retirement. An HSBC survey last year found that households tend to underestimate their retirement expenditure, the MAS noted. To supplement their retirement income, households could consider various options of monetising their housing assets, it added......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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