Rightsize Your Life.
You're never afraid to open your bank statement when you you're living your means.
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 day ago
how is it? any key points?
ReplyDelete:-(
DeleteThe last and hardest plan. What happen if we lose our grip e.g dementia or a have a stroke and lose the good judgment we have 10 or 20 years ago. Worse for those without closest kins.
Can consider Lasting Power of Attorney (LPA).
Deletehttps://www.publicguardian.gov.sg/opg/Pages/The-LPA-The-Lasting-Power-of-Attorney.aspx
Those have more children may not have issue with LPA as they have an option to pick their favorite and trust ones at time of decision making.
Deletevery true, uncle.
ReplyDeletei see 2 problems
1. people change. how do you know the kid won't change?
2. no kin, the most jialat, especially for bachelors.
Not sure how many factor this "last and hardest plan" in their retirement and financial planning.
Deleteyou can count the childless and the pamperers.
DeleteWe must not under-invest on relationship and kinship as dementia or stroke is real.
ReplyDeleteEspecially true for stroke which can hit even when we are younger. Tio brain stroke. We cannot think over financial matters anymore.