Read? Retirement Income for Life??? (9)
Read? Mara River : Reaching the Edge of Financial Independence!!!
From Wikipedia, the free encyclopedia
Financial independence is a term generally used to describe the state of having sufficient personal wealth to live indefinitely without having to work actively for basic necessities. In the case of many individuals whose financial circumstances fit this description, their assets generate income that is greater than their expenses. To illustrate, a person's quarterly expenses may total $4000. They receive dividends from stocks they've previously purchased totaling $5,000 quarterly, while also having an even more substantial amount of money in other assets. Under such circumstances, a person is financially independent.
Uncle888 has reached the Edge of Financial Independence
But, the effect of inflation and market volatility may cause him to lose back his financial independence.
So Uncle8888 has to think of more sustainable retirement income for life model to live through market volatility and to reduce uncertainty and worries.