So I received this really interesting question from a reader:
Hi FH,
Am turning 55 years old next year. Am single with no one financially dependent on me.
I plan to move out from my current stressful IT job in the next 2-3 years to an easier job that I think could provide me with $3k monthly in the next 2-3 years.
Objective is to have a retirement monthly income of 8k from my total investment in 5 years’ time. Is it possible? How to structure and shift my portfolio which is primarily 100% stocks to a lower risk portfolio that can provide a more stable regular income?
My current assets:
1) Property: Have a private property (fully paid).
2) CPF: Have maxed out my MA. Has $500k in OA and $350k in SA. SRS $250k of which majority in SG stocks and $100k annuity that gives a monthly payout $800 from 65yr onwards
3) Stocks (Cash):SG stocks $250k (70% Reit, 20% Banks, 10% Others), US stocks $280k (50% with a fund);...
