Read? Sustainable Retirement Income For Life - Three Taps Solution - Revised slides
After Uncle8888's 60th birthday, he will UNJOB himself from the corporate world from minding Bosses' KPIs to minding his own money and receives cash flow as follows:
(1) Basic Annual Pay (It is more like fixed income with small variation on year-to-year) : Interests
(2) Variable Bonus: Dividends from his local SGX stocks portfolio.
(3) Performance Incentive or Claw back: Trading P/L. This is 100% performance based on his trading skill or craft. It is either incentive or claw back.
Knowing his annual household living expenses
Knowing the sources of Cash Flow
Implementing strategy: Simple but may not be easy!