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) |
retiring liao, still reinvest for what? bringing your investments with you when you pass on?
no wonder singaporeans need so much money to retire, cos they have poor retirement planning. i would cut off that reinvestment portion and ask your children to keep their money for themselves, and enjoy myself with the remaining 7500.