Uncle8888 strongly agreed with Focus less on Net Worth. Think more in terms of Cash Flow
Read? It’s safe to invest entire life savings in stocks. But it can be safer!!! (3)
"When we are in heaven, our money will still be in the bank."
"We don't seem to have enough money to spend; but, when we are gone; there's still lots of money not spent.
He is planning in terms of future Cash Flow for his retirement life without leaving lots of money not spent.
The sources of his future cash flow will come from:
1) An investment portfolio generating just 4% yield p.a. at flat rate and non compounding.
2) Yearly partial asset drawn on CPF OA and cash FDs till the last withdrawal on 2036
3) CPF RA, SA and MA as self insured fund for medical and health care and also covered ......