1. She can rent out 2 rooms in her 4 room HDB. Keep smallest room locked to maintain pretense of owner occupied flat. Depending on area, can fetch about $1,300 per month or RM3,900.
2. Use 150k CPF to buy CPF life. At 65, can collect about $850 per month or RM2,550 - for life.
3. Total monthly income for doing nothing = RM 6,450.
4. Can easily rent 2 bedroom condo in JB for RM1,500 per month. Monthly expenses should not be more than RM2,000.
5. Get a basic Perodua Axia Automatic for less than $13,000. Learn how to drive. 60+ then take driving test, no problem, just pay a little bit of coffee money to make sure 100% pass test at first attempt, then drive carefully.
6. When RTS is ready, every 30 days drive to JB Sentral, park and ride to Singapore. Can stay in unoccupied small bedroom of her HDB flat for one or two days or just straight back to JB on the same day.
7. Still have RM3,000 per month left for discretionary spending without touching the rest of her $300,000 cash savings. That is $12,000 every year for holidays abroad.
8. Use half of her $300,000 cash to invest in strong dividend paying stocks.