Why passive? At what age would you start to draw down if you have no one to pass your wealth to?
![[[ForeverAlone]]](/data/avatars/m/0/117.jpg?1739517860){kind=avatar}
Actually u can do it . It’s just u dare or not.Reading all the response here made me shiver
I plan to do F.I.R.E, unmarried, have no child... But even 2500 per month still sounds difficult to reach on this economy.
If measuring against the mortality rate, at what point would drawdown be appropriate? That's considering various scenarios - DINK, Single, married with children.
I don’t intend to draw down unless I really need the money
$2500 need to eat sparingly. maybe go temple jiak free meal. holiday is just go JB only.
Understandable. But don't forget with yearly inflation. Have you already anticipating it? Would love to hear a deeper insight.
Yes. I anticipated it so that’s why I think eventually i will still need to work unless I retire totally only a few years before my expected death. Or I keep finding cheaper alternatives as the years go by but there will always be a limit to how much cost I can cut
Not really. U need to realise u r not a citizen there. But if u do get citizenship or get their social benefits as well, then u have it made. And of cos u must be fluent in their language.
Are you going to stay in another country long term? How are you going to do that? Is there any country which allows foreigners to stay there permanently? If not, add in the air ticket cost to and fro. Based on the 90 days visa available to sinkies, there is a cost of at least 8 trips (to and fro). After you include the cost, is the country still affordable in your definition? You could probably say can always go JB. Same thing, you still have to travel to and fro albeit lower cost compared to further countries, it's still cost and should be included as part of the living costs. Not to forget this is only financial cost. There is also foreign policy cost. I.e. the customs notice your increased frequency of travel and begin to monitor your activities etc. at worst, you'd be required to stay outside the country for a minimum period of time before allowed to re-enter again.
I think a very big issue is sinkies see AMDK staying long term in Thailand and such and think it’s easy to do so
For Vietnam, you need a Viet wife to get the 5 years spouse visa. Can stay 6 months before you need to leave Vietnam and reenter for a fresh 6 months stay.
Singaporeans without visa can stay up to 30 days in Vietnam. If we want to stay for more than 30 days, we need to apply visa which allows us to stay for 90 days. Where did you get the info from which says we can stay for 180 days (6 months)? The visa alone for 90 days stay is 25usd. And I'm not sure Vietnam would allow you to re-enter how often if your intention is to only stay outside of Vietnam for 1-2 days before re entering for a fresh period of time. That's also a risk itself. Getting a spouse just to retire overseas is yet one more additional risk. Which vietnamese spouse would be content to share sgd1.5k per month (before deducting the said costs e.g visa and air tickets)? Retiring in another country isn't as simple as it looks.
