Yesterday, when Uncle8888 reached 10 Miles Junction and jio his ex-colleague down for kopi O kosong. He realized that not all of us are looking forward to retirement. His ex-colleague of 61 who may have to retire at 62 next year as he foresees slim chance of getting re-employment due to his poor medical condition. For the past three years; his medical bills reimbursement for specialist treatment have exceeded the cap of $5K and he has to pay thousands more out of his own pocket. He knew that his retirement life will be harder for him without that earned income and covered medical costs. Health is wealth! Absolutely true! So reaching financial independence should also include passing fitness tests as some illness are related to too much body fat which can be reduced to the lowest if one put in time, effort and motivation. No World Cup for "Italy"!
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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