Offering retirees security and peace of mind
In allocating assets, instruments that are low cost and do not try to beat the markets are preferred.
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IN last month's article, we talked about how we helped our retiree client, David, plan for his retirement using our proprietary tool called RetireWell. Based on what David wants, we allocated S$1.479 million of his draw-down assets into the various buckets as shown in the accompanying table.
To reiterate, this is how our recommended approach and structure work:
From age 59 to age 83, David will receive a monthly income (adjusted for 3 per cent inflation). A portion of it will come from the income bucket which provides the safe retirement income floor. The rest of it will come from drawing down from Bucket 1.
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