How You Achieve Retirement With Just $500/mth Invested💥! Retirement Planning With Semi-Retirement!

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Recommended videos for your retirement planning:
1) COULD SEMI-RETIREMENT 😱 BE JUST AS IMPORTANT AS RETIREMENT TO PLAN FOR? https://youtu.be/lAJxSnffGiU

2) How To Plan For Your Retirement: Shockingly Simple Math For Retirement Planning In Singapore!
https://youtu.be/ad0oRbRWrg8

3) REVEALED 😃: 10 WAYS TO INCREASE YOUR CPF FOR RETIREMENT! https://youtu.be/DXzaoHv9FmY

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I've this to suggest considering - Spend all your retirement money in your retirement.
Bill Perkins has this book "Die With Zero".
DFS co-founder Chuck Feeney who was a billionaire and now broke because of charitable giving.

Based on the OCBC report, retirement with $5,000/m may need an individual to have $2m.
That is a big amount and I'd use semi-retirement as a concept to reduce the amount potentially needed because semi-retirement still has income.

Work can be defined with 4 main quadrants
1) JOB
2) AMBITION
3) INCOME
4) IDENTITY
In the phase of semi-retirement, it will be a stage of completing "JOB" and "AMBITION".
The purpose of work will mainly be for "IDENTITY".
"INCOME" can be targeted at expense level so that retirement savings are left intact to compound.

10:00 If you have $1m at age65 now, factoring in 3% portfolio return with 2% inflation, you can consume $55,500/m or $4,625/m. To clarify, every year from age65, consume a 2% more.
If you are age35-40, factor in CPF LIFE escalating payouts of possibly $2,000/m (Based on ERS in 15-20y time). Although the $1m pot (which you can draw down $55,500/y or $4,625/m) in future value is worth less then now, overall I feel it is still a comfortable retirement amount at the age65.

#Semiretirement will be a very helpful stage in life and will be factored for #retirement calculation

This is not a recommendation to buy or sell any securities mentioned. The information contained are ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material.

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About Josh:
Josh holds a degree in Accounting from NTU.

In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.

As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video. No products were advertised.

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Видео How You Achieve Retirement With Just $500/mth Invested💥! Retirement Planning With Semi-Retirement! канала Josh Tan - TheAstuteParent