So… I had a discussion with my mother on the topic of retirement and downsizing our HDB flat. This conversation came about as my sister will be moving out early next year, and I might be moving out in the next two years. For context, my mother is 62 years old this year. As a self-employed small business owner, she works six days a week, 8am to 6pm. And just last year, the Government passed the Retirement Age and Re-Employment bill to increase the Retirement Age from 62 to 63 years old. This means that with effect from 1 July 2022, she’s officially one year away from the full retirement age. Source: Giphy FYI: The Government will be raising the Retirement and Re-Employment Ages to 65 and 70 respectively by 2030. With my mother, we’ve discussed whether to downsize our current home, jump on the Lease Buyback Scheme, and if she should retire at 63 years old....