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!

Click to email CW8888 or Email ID : jacobng1@gmail.com

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday 14 October 2012

Retirement Income for Life???

Some ideas taken from this book: Retirement Income Redesigned by Harold Evensky and Deena B. Katz

Combining Maslow's Hierarchy of Needs & Retirement Income for Life

How much is Enough in Retirement Life?

By breaking down our retirement income needs into Maslow Meets Retirement Money of Needs, this may help to estimate how much is really enough.










The Money Levels for Retirement Life:

  • Survival Money. How much do you spend simply to survive?
  • Safety Money.  You will want to protect your life. This could mean health care costs, health insurance, and/or proper portfolio planning so you don’t outlive your money.
  • Freedom Money.   Money needed to do the things that bring joy and fulfilment to your life. Could be travel, education, or fine wine.
  • Gift Money. Money for people and causes that deserve your help. This is the replacement for “love”.
  • Dream Money. This is the elusive “self-actualization” level where you find true happiness and meaning.

But, we still have to determine the sources and working capital to generate these money.

Uncle8888's Sources and Working Capital to generate these levels of Money

Survival Money

Source: Cash flow draw-down from Fixed Assets at 3% inflation rate p.a. and it is non stock market dependent.

Safety Money

Source:  CPF MA, SA, RA and MediShield (These are non-stock market dependent too)

Freedom Money

Working Capital:  Portfolio of stocks and investible cash

Source: Dividends, short-term Trading and partial stocks liquidation

Gift Money

Previous year budget surplus for Freedom Money not spent. Gift money not spent will be retained as Working Capital,

Dream Money



  1. How much money to put aside for ill health is the most difficult to estimate. It has been said that the last few weeks to months can blow a big hole in the pockets, no matter how deep. How much is our life worth paying for extension? Again, also variable depending on our age. If this amount cannot be fixed, then it affects how much is set aside for the others. Hence, sometimes life can still be really unpredictable even if we already considered sudden death and the like. Eg, can the cpf system and insurance survive when fewer younger Singaporeans contribute and more elderly withdraw. Sure, we can predict the raise in minimum sum and the raise in age eligibility for withdrawal.

    1. One way is to sign AMD and tell our children in advance to let us go. No need to spend too much money on useless treatment like my late father-in-law who was diagnosed with cancer in his 80s but did nothing and yet survive till 92.

    2. Similarly, my mother-in-law also not on Dementia drug treatment after reviewing all the possible side effects of these drugs. Sometime, we have to use our head instead of our heart to determine the lesser evil. I will expect my children to do the same. Sometime, religion helps in letting go.

  2. The only treatment i know doctors who wanted to go naturally, is the treatment of pain. When no pain-killer drugs can relieve the pain anymore, they will go for epidural pain treatment. i agree fully for the sake of living the last lap of your life as happy as possible.
    And what is the cost of pain treatment?
    Any doctor around?

  3. I have taken a few times of pain killer for injury ... not sure it helps at all .... maybe not worth at all.


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