In last week’s article, I showed readers 2 different approaches to plan for how much do you need if you wish to retire at 55 years old so that you will have an income stream till 90 years old.
We acknowledge that at some point, our CPF Life annuity income will be available for us to spend and thus will have to be factored into our planning.
The 2 approaches were:
Plan to have an income stream that provides $5,000 a month, that is inflation-adjusted outright for the 35-year durationBreak up into 2 portions. The first portion is to provide predictable income for the first 10 years and the second portion to do the first approach but over a 25-year durationWe deduce that approach 1 is definitely safer but you will need to set aside more money, which may mean you working longer for that security. The second approach
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