Can one retire comfortably at 55 if one has accumulated 25 years of overestimated expected annual expenses in one retirement fund; and taking inflation rate at 3%, and passive income coming from investment in 15-20 stocks of dividend yield of 7%. The spreadsheet has indicated it is possible. I believe as one grow older, it is likely to spend less on some areas but offset by higher spending in healthcare and medical.
One also must have some medical insurance, full medisave and special CPF account remain intact at 55 as contingency plan, and the final fallback will be selling of the residential home and staying in old age home or rental flat.
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