Read? What Recent Retirees Wish They Had (or Had Not) Done
Although many retirees (66%) reported that they were living the lifestyle that they wanted in retirement, a little more than half (57%) looked back on the years before retirement and wish they had done more to prepare, according to a study by Fidelity Investments.
There’s a lesson here for people who have not yet retired but are thinking about it.
“Workers approaching retirement often look to their peers who have already gone through the process for valuable lessons learned,” said Steve Deschenes, executive vice President of Fidelity Institutional Retirement Services Company, in a news release.
“Those living in retirement now can provide valuable insight to people getting ready to make that transition, from knowledge of the basic fundamentals such as the key elements of a successful income plan, to identifying resources that can help with critical decisions that need to be made.”
“This can have a dramatic impact on the quality of life today’s pre-retirees will experience when they retire.”
Uncle8888 is an Ant who follows China's Ancient Wise Man's words ...
"The general who wins the battle makes many calculations in his temple before the battle is fought."
Sun Tzu said:
Those who understand these fundamentals will win.
Those who don't will be defeated.
Preparing for retirement is like preparing for a long battle so he has made many calculations again and over again assuming different scenarios.
So far, after many years of reading books and articles on retirement planning; he has found that this model has very good chance of meeting his retirement goals and doesn't depend too much on the Mood of Mr. Market. He has transformed the Myth Of Passive Income into Reality with his Three Taps Solution.
The execution of this Plan will kick off on 1 Oct 2016!