19-10-2021, 09:51 AM
(19-10-2021, 08:36 AM)sgbuffett Wrote: Why is understanding the jnternal rate of return useful.Would have been better if the money can be left in SA at 4% compounding. The catch is if it's good for us, then they would twig it until it confuse people. 🤯
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)