Saturday, 4 July 2015
How Much Is Enough To Be Safe For Sustainable Retirement Income For Life??? (2)
Read? How Much Is Enough To Be Safe For Sustainable Retirement Income For Life???
Read? The Rule of 300: How Much You Need for Retirement
Uncle8888 also used The Rule of 300 for his retirement income for life planning
See? Retirement Income for Life??? (9)
Wealth = Asset Value + Cash flow
The Rule of 300 = Asset Value = Net Worth = 25 x Expected Yearly Living Expenses = Reaching the Edge of FIRE (Financial Independence Retire Early)
Cash flow = 4% Withdrawal
BUT ..
If our asset value or net worth is too dependent on the volatile market for 4% withdrawal; we may be unfortunately got caught in the deep shit at the wrong time. So Uncle8888 fortified The Rule of 300 and 4% Withdrawal with his Three Taps Solutions. It is amore kiasu and kaisi approach. A typical Singaporean way of retirement planning!
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