Рет қаралды 62,076
In this reaction video, I'd firstly like to state that
I support maximising your standard of living while NOT jeopardizing retirement future.
Be financially prudent while you pursue a good life.
The trend for HDB upgraders to buy condos is strong. More than 4,000 private properties that are between $1m-$1.99m have been bought this year.
0:00 Context to CPF rules, being close to family among reasons for upgrading to condos
1:04 Case number 1 - Mdm Nabisah
Aged 54 sold her 43y old HDB for $410k and bought a $1.5m TWIN VUE 3bdrm condo.
Addressing "Can you access your CPF money after age of 55?"
Reserving CPFOA for mortgage at age55 for existing loan.
Important note, employment CPF after age of 55 be used for mortgage.
2:36 Why is the story incomplete?
Is the loan tied to more than 1 family member?
Loan amount of $1.125m and per month mortgage could be $9,004/mth
3:48 Explaining decaying lease of HDB 99years
An alternative if she is concerned about legacy.
Is she overstretching her finances?
5:09 Case number 2 - Mdm Mariam
She sold her 15y HDB flat to buy a new condo at $790k.
Renovation cost was a concern. However, there are plenty of extra cost with owning a condo.
6:55 Conclusion on how to upgrade hdb to condo
What are data points to note and cost involved such as stamp duty
#sellhdbbuycondo #hdb #buycondo
✅ ENGAGE Josh Tan on a fee for financial planning to build towards for your retirement!
► www.theastuteparent.com/josh-tan
*******
🔥 JOIN our MEMBERS channel TODAY
► / @joshconsultancy
TIER #3 "LETS MAKE A DIFFERENCE " and TIER #2 "PRIVATE INVESTMENT VIDEO"
Will UNLOCK ALL VIDEOS especially those with VALUE/Momentum matrix on certain stocks!
TIER #1 Support our channel tier will unlock ONLY the cryptocurrency videos
*******
✅ Why you do NOT need to spend thousands on investment courses?
LEARN HOW to research into stocks and identify multi-baggers (at least in Josh Tan's way). Course price at $29 to cover ongoing cost.
Follow this link - jtinvestacademy.thinkific.com...
*******
► Get your free stock from Moomoo: www.moomoo.com/en-sg/act/welc...
► NEW The Josh Tan Show: / @joshtanlive
By Spotify - open.spotify.com/show/7Hdw7jm...
- FASTEST WAY TO GET RICH
- NOT ENOUGH INCOME TO HAVE CHILDREN?
- HOME PRICES GETTING CRAZY? WILL YOU SUPPORT PROPERTY COOLING MEASURES?
► For REIT Investing and passive income discussions, JOIN Telegram group "PASSIVE INCOME 2.1k" here - t.me/pi21k
► Looking For A Career With Us www.theastuteparent.com/conta...
*******
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
*******
About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
Learn more on financial planning and insurance concepts, visit
► theastuteparent.com
✅ ENGAGE Josh Tan on a fee for financial planning to build towards for your retirement!
► www.theastuteparent.com/josh-tan