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@cheehoewoo3978

Ай бұрын

Hi Josh, I have bought the eBook but was unable to download it (seems like server/network issue). Have drooped you an email. Pls assist. Thanks.

@joshconsultancy

Ай бұрын

@@cheehoewoo3978hi I’ve emailed to you, should be resolved 👌🏻

Josh, thanks for sharing. Intuitive calculator. I am now 58. Comforting to know I am FI till 100 without being a liability to my kids if I outlive my life expectancy. My kids would be in their retirement age when I died with zero.

@joshconsultancy

Ай бұрын

No probs, congrats too 👏

Thanks for sharing how to use the super useful calculator. Can consider doing video on ways or excel spreadsheet to capture our Schedule of Assets (for ease of estate matters) & track our Assets, Liabilites & monthly Income & Expenses? Thank you 😅

@joshconsultancy

Ай бұрын

Im planning to do a digital product in future on it for purchase, stay tuned 👍

Can do a video on how to compound your money ? Thank you

@joshconsultancy

Ай бұрын

Currently I’ve built up a dividend portfolio. Check video few days back “1ve something new in my dividend portfolio”

When i use the calculator, it says i am in retirement and my other income is enough to sustain my desired lifestyle. 😊 very accurate, indeed. Haha

Hi Josh, thanks for sharing the calculator. Under its "Other income after retirement", the calculator assumes that this income is received from the planned retirement age. In Singapore's context, as you've also pointed out, it's the CPF Life payout. So, if someone in Singapore plans to retire at age, say 40s, how to account for CPF Life that starts payout from age 65 ?

@joshconsultancy

Ай бұрын

Hi, in video I’ve suggested to adjust like that. If 45-65 $3,000/m, then need to add 20x12x3000 $720k in lump sum

What do think about seatrium

@joshconsultancy

Ай бұрын

Seatrium is a turnaround company. If it succeeds it could fly. Risk is if it doesnt

Hi Josh. How to use the calculator for a retiree who has dividend and bond coupon (fluctuating) which are below the yearly required expenses? Something like calculating when money will run out. Hopefully, not before death. 😢

@joshconsultancy

Ай бұрын

Input income needed after retirement as ur expenses now. Other income after retirement as ur best guess of total passive income now. Test how much savings can last 👌🏻

For Malaysia ...it's 3 times cheaper ...

It makes more sense to topup to male cpf vs female for higher cpf life payout as a family .

@joshconsultancy

Ай бұрын

But statistics the female life is longer. Cpf life annuity IRR is based on how long alive. So it’s evened out alr

Get as many freehold properties or stocks and let inflation work for you.

Would you consider CPF monies for current retirement savings?

@joshconsultancy

Ай бұрын

Yes would, chapter 4 9m17 has

@ngkangyu23

Ай бұрын

Thanks! What I meant was whether CPF OA, SA (probably not MA) will go into the "current retirement savings" field?

@Longtermalwayswins

Ай бұрын

@@ngkangyu23 NO if you want to retire before 55. as those monies wont be able to utilise. YES if your 50 and reaching 55 soon.

Hi Josh, the objective of financial freedom at retirement should focus less on the assets required but more on the income. Preferably to have passive income close to or equal to active income at the point of retirement. The assumption being expenditure should be less than active income and the balance reinvested into generating more passive income in order to reduce/overcome inflation. This method does away with having to estimate lifespan and reduces inflation concerns.

@joshconsultancy

Ай бұрын

Hi, happy to hear feedback. I hear the pov. It’s the passive income > expenses methods. The amounts needed would be big because capital is intact. By consuming capital, the targeted return can be reduced. The passive income also needs to grow w inflation. If it’s all into bonds, there is a problem also. Hope it clarifies k 👍

@shastasilverchairsg

Ай бұрын

@@joshconsultancy Hi Josh, why would people ever want to consume their capital in retirement? Surely everyone wants their capital to last forever? You might live way longer than your projected lifespan, especially with the advancements in medical technology nowadays.

@DonYang73

Ай бұрын

Yes, absolutely. Cashflow and income and less on assets.

@CatandCook1989

Ай бұрын

Most people don't have passive income u dork

hi Josh, thanks for sharing this video :) do you mind sharing the FRS calculation file at @13.30?

@joshconsultancy

Ай бұрын

Hi Zai Sheng, docs.google.com/spreadsheets/d/1w0wMq1IuBKlu6WUBxpwDkPEF5Un236_uzJ7z-Hk6IsY/edit#gid=1373325 Hope it helps, smash the LIKE and SUBS =)

@zaishengchong3068

Ай бұрын

@@joshconsultancy sorry it doesnt show the monthly FRS amount at each age bracket. Is it the wrong file?

With Singapore high inflation rate you don’t know what it going to happen in the future, it may to retire in batam or Jb.

@joshconsultancy

Ай бұрын

Don’t worry about inflation. Assets like equity and real estate will protect you from it

@stylerho6278

Ай бұрын

Inflation in SG for past 20 years was only slightly over 1%! So, why selectively talk about high inflation that happens only for the past 2-3 years??

Hi josh 750k is inclusive of CPF or pure liquid assets?

@joshconsultancy

Ай бұрын

Not cpf. Cash and financial investments that can be used for income before 55 👌🏻

based on the retirement calculator, i can retire right now

@joshconsultancy

Ай бұрын

Congrats 👍

Targeting 800k (savings/t-bills/reits/stocks) 600k (HDB fully paid) 700k (CPF) by 50years old (next 5years). Good enough to retire?

@joshconsultancy

Ай бұрын

Do you have dependents (children/ old parents). Do you have spouse u need to provide for. Of the $800k how much is into stocks?

@DonPedroII-uc9pd

Ай бұрын

@@joshconsultancy doing it solo. Only 1/4 of that in stocks, mostly reits.

$750k saving at age of 35!?

@joshconsultancy

Ай бұрын

There are groups and even beyond. Not impossible 🙏

@MrBluehorizonsugar

Ай бұрын

those who saved 750k at age 35 is less than 1% of the population, so don't bother by the number.

Uncle Josh, what do people typically do once their have saved enough money? Stop work? What to do with so much time? Some hobby is ok, too much also becomes a chore :(

@joshconsultancy

Ай бұрын

Find some other work/activities. High achieving individuals tend to plan ahead. This carries to retirement also

Age less than 30, drawing 150k annual...property agent, business owner? Lol

@joshconsultancy

Ай бұрын

There are there are 👌🏻