19-10-2021, 08:36 AM
Why is understanding the jnternal rate of return useful.
Suppose you have $249K at 55. You leave it in SA at 4%. At age 65 you will have $370K.
Now you take out $1659 per month. The money will last until you are 98 yo. If you lived to average age of 90yo ...you will have ard $150K for your children.
The above is much better that CPF life which has only $24K left after 25yrs.(see previous post on top)
Suppose you have $249K at 55. You leave it in SA at 4%. At age 65 you will have $370K.
Now you take out $1659 per month. The money will last until you are 98 yo. If you lived to average age of 90yo ...you will have ard $150K for your children.
The above is much better that CPF life which has only $24K left after 25yrs.(see previous post on top)
![[Image: Jorf0MR.jpg]](https://i.imgur.com/Jorf0MR.jpg)
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.