A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
2 weeks ago
Do you think this statistics is meaningful when it includes the employer's CPF? I am just curious how this could be compared against other countries with no such scheme. Would median on disposable income be a lot more meaningful for Singapore?
ReplyDeleteFor retirement planning, we can deduct 37% off the median to work out magical number of how much is enough.
Delete4-6k is definitely enough. When one is retired, there is no need for the following:
ReplyDelete1. Save for retirement.
2.CPF contribution, haha incl employers
3. home mortgage
4. children education
5 . car loans, and travelling expenses
6. working expenses, from clothing to meals
7. client entertainment, beer money
8. Ang pow money
I’m spending much less than the stated quantum.
As retiree, still need to give ang pow. :-(
Delete