Synopsis
Lifestyle creep is a silent killer when we let optional, discretionary, and avoidable expenses to become compulsory, mandatory and unavoidable. Learn to keep expenses in their place.
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Living a simple life and fighting lifestyle creep may not always be a virtue.
My friend loved fresh flowers. When we were young girls, foraging for flowers in the wild was a favourite pastime. She brought them back to our hostel room and created beautiful arrangements. Now she is a super-rich wife of a successful businessman. By her own account, she spends a huge amount of money on flowers, every other day. Is she overindulging or simply enjoying what she loves?
1/9/2021 2:47:46 AM GMT
USD/JPY recovers ground but the trend remains lower.
Weak US December payrolls had minimal effect as already priced.
BOJ “closely watching currency markets” provides Thursday boost.
FXStreet Forecast Poll sees little movement despite bearish outlook.
A week of political turmoil in the United States that culminated in a riot in the halls of Congress by supporters of President Trump, had almost no impact on the currency markets as an old-fashioned warning from the Bank of Japan combined with the prospect of more stimulus spending in the United States gave the USD/JPY a modest boost back to 104.00.
S&P Futures Hit Record High Above 3,800 Ahead Of Dismal Payrolls Report zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Lower monthly payouts
Based on the type of retirement income you wish to have, you can then choose the type of plan that suits your needs.
Other important things to consider would be:
1. How much retirement income do you wish to receive?
2. How much retirement savings should you set aside in order to receive this income every month in retirement?
3. What should you do if the retirement savings you currently have do not meet the above sum?
But before that, let’s look at the retirement lifestyles you could be envisioning and estimate how much that would cost.
What are some desired retirement lifestyles in Singapore?