Uncle8888 has revised some of his slides to show clearer images and hopefully he will have less to explain with his new slides.
Tracking our household expenses and set the past highest annual household expenses as our Target to achieve sustainable retirement income for life with three taps solution.
Revised slides ...
Hello CW,
ReplyDeleteYou have an interesting Three Taps Solution for retirement. Not many people enter their golden years with a proper surivival plan. Most simply rely on what they have at the moment. I guess you are one of those unique few. :)
This is one of my sharing with fellow office colleagues and friends who care enough to think of their own retirement planning.
ReplyDeleteRead? Ring Fencing Retirement Income
What about the hidden magic tap no 4 - Children? Hahaha! Is that for the space on the lower left hand corner of your picture? Grow 3 trees for 20 over years, at least 1 or 2 can bear fruits right? No fruits, at least got some shade from the sun? No shade at least got some firewood for winter? LOL
ReplyDeleteWow! LOL!
ReplyDeleteMay be that is the thinking of our parent generation; but parents now are thinking how not to burden their children. :-)
Three Tap solution - CPF & FDs, stock investment portfolio, and MA/Medishield Life, (RA, SA?), some emergency cash.
ReplyDeleteMost of employees with CPF contributions if they start thinking about it seriously in their 40s on retirement planning. They will have enough time to plan and achieve it.
What about your current flat as last resort emergency fund?
ReplyDeleteCorrect!
DeleteMany of us will likely to depend on the value of our home as asset of last resort.