Personal Finance
Just Spend Below Our Means During Our Wealth Accumulation Phase We Should Be Financially Secured (2)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 12, 2018
Read? Just Spend Below Our Means During Our Wealth Accumulation Phase We Should Be Financially Secured
Next, based on his 15 years of real savings at Dec 2016, Uncle8888 will do simplified version of retirement planning for his retirement income starting from 2017 (age 61) under portfolio return and its associated withdrawal rate and period. Assuming yearly inflation rate is at 2.5% A) 3% Yield, 5% Withdrawal rate, 21 years @ 81 B) 4% Yield, 6% Withdrawal rate, 19 years @ 79 C) 5% Yield, 7% Withdrawal rate, 18 years @ 78
Option A can be achieved by index investing e.g. STI ETF ...
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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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