Wednesday, 1 March 2017
Financial Independence at 40 or Financial Independence at 50/60???
Any difference?
Financial Independence at 50/60 may mean that our children are likely to be independent soon. We may not need larger investment portfolio to generate larger investment income to fund our household expenses. We can also include asset draw-down as cash flow at the latest stage of our life as the gravestone is not that many years away!
Many will be able to reach financial independence in their 50/60 if they are willing to include asset draw-down strategy as part of their sustainable retirement income for life.
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ReplyDeleteUncle8888,
ReplyDelete50/60 financially independent still need to work longer years in order to beat the uncertainty, like
1. How long we can live on, nowadays more & more 90/100 :)
2. Medical cost
3. Actual inflation rate
.....
Well said. That is very true!
DeleteI didn't retire when I have reached the edge of FI at 56+; but retired @ 60. A few more years of buffer added to FI.