I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Monday, 12 November 2012

Retiree inflation rate will be different. Likely to be lower than national average.

Read? Personal Inflation Rate and Market Inflation Rate - Revisit


Most retirees are not affected by inflationary pressure coming coming from housing, children education, children expenses, and etc.

So don't overly scared by your FI using typical 5% inflationary rate. It is too scary!

Uncle8888 used 3% inflation rate for his retirement planning. Reasonable or not???





Posted by Createwealth8888 at 09:58
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5 comments:

  1. financialray12 November 2012 at 14:44:00 GMT+8

    Give and take here and there. Do not forget retirees also higher risk for high blood pressure, diabetes, high cholesterol...etc.
    So may have to factor in these "extras"

    ReplyDelete
  2. RayNg12 November 2012 at 16:31:00 GMT+8

    Yes, I think 3% inflation rate should be OK unless you have big ticket expense such as Car, Housing and Children education.

    For medical expense, one would mitigate the downside by having medishield. :)

    ReplyDelete
  3. Createwealth888812 November 2012 at 16:41:00 GMT+8

    University tuition fee goes up 5-10% every 2-3 yrs. Scary inflationary rate.

    ReplyDelete
    Replies
    1. RayNg13 November 2012 at 11:57:00 GMT+8

      Indeed it is very scary. That's is the main reason why student in US had mounting student loan debt.

      It is 'fortunate' if our kid is smart and able to obtain schoolarship from institution else the parent will have to food the bill. Alternatively, get them obtain student loan from local bank lor...

      Delete
    2. RayNg13 November 2012 at 12:01:00 GMT+8

      but thinking further, when we are in retirement age, we should be no longer have such 'burden' like child education or home loan.

      That's why we have to plan for retirement during young. No?

      Delete

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