If you are investing for retirement, you need passive income to cover your expenses. But safe and consistent income is hard to come by nowadays. The ugly truth about retirement is that the traditional way of generating income doesn’t work anymore due to the modern loose monetary policies. While the low-interest rate is great to reduce mortgage repayments for property investors, it is disastrous for income seekers. To be debt-free is now a liability because the value of your asset grows slower than inflation. If you put your money in the banks, you are earning nothing. If you invest, you subject yourself to the stock market uncertainties. Not to mention that we are still in a volatile environment with the pandemic, deglobalization and looming recession. Singaporeans like to invest in so-called blue-chip high dividend stocks. But look at the popular picks in the past five years: Singtel’s share price...