Quote:
Originally Posted by Unregistered
Here's my retirement strategy as a retired couple:
Passive income sources:
1. CPF Life = $3500 pm ($1750 pm for each of us)
2. Private annuity plan = $2000 pm ($1000 pm for each of us)
3. Dividends = $2000 pm
4. Children's contribution = $1000 pm ($500 pm by each child)
5. Total passive income = $8500 pm ($102k pa)
Expected expenses (comfortable retirement lifestyle) = $4500 pm ($54k pa)
Annual savings (for reinvestment) = $4000 pm ($48k pa)
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Private annuity plan with which insurer? How much lump sum did u put in and when? Thanks