Part two of ‘the winter personas’, the Jun Wei, George and Jesley focuses on whether retirees should fully pay off their property or maintain a loan to leverage cash flow. They examine the psychological burden of debt versus the benefits of low-interest rates, and how this decision impacts overall financial flexibility.

By comparing different approaches, they emphasise the importance of retirees having liquid assets for emergencies, travel, and lifestyle choices in retirement, while also reflecting on the need to stay active and engaged to avoid cognitive decline—which can be explored through downsizing.

And when it comes to legacy planning, how can retirees transfers to heirs while minimising taxes like Additional Buyer’s Stamp Duty (ABSD)? All these and more on this episode of NOTG!

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