Read? Life starts at 60, how long will funds last?
As retirees, we need to avoid two big money mistakes commonly made by many retirees during their financial planning for retirement income for life.
No 1: Not adequately factor in year-on-year inflation for retirement income cash flow. Our passive income (e.g. dividend income from stocks) from our investment portfolio is never inflation proof or inflation adjusted. When we need to top up any short fall in our retirement income, we may then commit the bigger No 2 money mistake.
No 2: We are forced to sell assets when the market is slumping to meet shortfall in retirement income. This is definitely a Game killing move!
Uncle8888 is most or less done with his two taps cash flow solution for retirement income for life.
Posts
No comments:
Post a Comment