This Uncle8888's colleague has been thinking that he has large investment portfolio which is generating investment income to replace his annual earned income.
Oh no!
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.
Now, he fully understood why he can retire.
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