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…