Was having casual conversation over the dinner with friends last week and some knew that I am not working since 2015, asking if my investment income will be able to cover my expenses. I told them that I am still able to save $60-80 K a year after deducting all my yearly expenses including holidays and staycations.

“Then you are saving too much for your retirement !” ,one of them said that .. I was stunned like : huh ?? saving too much ?? …Uhhh !

When putting all this together, Blanchett summarizes “many retirees may need approximately 20% less in savings than the common assumptions would indicate” and that “retiree expenditures do not, on average, increase each year by inflation.”

To some extent, yes , we  Asian are more conservative and tend to save more or even trying to leave a legacy to our descendants when come to