Retirement financial consideration

1. Some considerations of Retirement Planning

* Pre-retirement is Wealth accumulation
* Post-retirement is Wealth Preservation, without Wealth de-accumulation, not endless accumulation.
* Emotion Journey in retirement
(loss of identity & power can cause unease)
* Steady income steam (from diversify portfolio & allows for long term compounding interest)

~~~~

2. Layered Retirement Income streams

* Stable fixed stream
1. CPFLife Payout
2. CPF Balance (SA/OA) Interest
3. Endowments & Annuities
4. SRS (withdrawal/investment)
5. Cash withdrawal/FD & Bill/Bond interest/
6. Pension Payout

* Dynamic stream
7. Rental income
8. Equity returns
9. Others (e-Vouchers, allowance)

~~~

3. Retirement expenses woes
1.  High inflation
2.  High living cost expenses
3.  Medical cost
4.  Nursing home cost
5.  Split-over cost from loved ones


https://www.inspiredvillages.co.uk/blog/the-journey-through-the-5-stages-of-retirement

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