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Save more than 60%. No need to invest??? (6)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 22, 2016
Read? Save more than 60%. No need to invest??? (5) Assuming Uncle8888 has decided to quit investing for cash flow and use his current War Chest as additional cash flow to fund his future household expenses. Will he still have enough money to last till 2038 and how bad is it? Knowing his past annual household expenses for family of 5 members since 2002
Using the highest annual household expenses since 2002 as the base number with annual inflation rate @ 2.5% to know how much money he has to last till 2038 when he is about 81 years old.
His Tap 1 can cover up to 79% so it is not too scary to think about it...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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