Financial independence? How many investment bloggers got it practically right? Many of them has failed to recognize this and THIS itself will screw up your withdrawal plan in big way? Where is your money for SOME upfront payment? Read? healthcare insurance
Quote : "At best, if you have private healthcare insurance and intend to make use of the private hospitals or approved clinics, you should view your insurance plan as a reimbursement plan.... you have to pay upfront first and your insurance company hopefully will pay you back ( yes, there will be clauses in your insurance plan to allow them the flexibility of reviewing all charges before paying you back). Payback time is also up to the insurance company."
Why Uncle8888 used Three Taps Solution model as sustainable retirement income for life even he has medical insurance coverage? Cash is King! Get it? Financial independence is passive income > living expenses and safe withdrawal rate e.g. 3% or 4% and investment return beating inflationary rate?
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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