I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Saturday, 27 March 2021

Lesser From Replacement Income But More Cash To Spend In Retirement???

 



Posted by Createwealth8888 at 09:22
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3 comments:

  1. Spur27 March 2021 at 14:53:00 GMT+8

    Hi Uncle8888,

    Thanks to your wise actions to set aside hefty portions during your working years that has now given you more cash to spend in retirement than when working! 😁

    When one uses up too much of their active income on "lifestyle" or own-stay property, that's when they get cash tight when forced to retire.

    At least those with nice homes can downgrade. But as anything to do with "lifestyle", it'll be like being forced to eat potatoes instead of rice/noodles for the next 30 years (or vice versa if you're angmoh).

    ReplyDelete
  2. hyom27 March 2021 at 17:51:00 GMT+8

    Hi CW,

    Good for you! Having more cash to spend in retirement is a sign of a successful family wealth manager. One needs less cash to spend during retirement, though, particularly if parents have passed away and children have grown up.

    ReplyDelete
    Replies
    1. CreateWealth888827 March 2021 at 19:09:00 GMT+8

      Fully agreed with "One needs less cash to spend during retirement, though, particularly if parents have passed away and children have grown up." and that will mean lower replacement income is required from our investment portfolio during retirement.

      Delete

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