This Uncle8888's colleague has been thinking that he has large investment portfolio which is generating investment income to replace his annual earned income.
He was mistaken!
To retire comfortably; it may not be necessary to fully replace our loss of earned income. It may not be easy for average income earners with family commitment to accumulate such a large investment portfolio to generate that level of investment income to fully replace our loss of earned income during retirement phase. Not easy!
Uncle8888 explained that he can retire because his Three Taps Solution is able to generate sustainable retirement income for life to cover his projected household expenses with 2.5% yearly inflationary effect till 2038.
Once Uncle8888 showed him these charts and explained a bit.
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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