WealthBT S1E37: This can make or break your retirement: WealthBT (Ep 37)
Apr 21, 2024
Founder of advisory firm Providend, Christopher Tan, shares insights on successful investing, retirement planning, and the importance of contentment. Topics include qualities of successful investors, retirement roadmap, planning approaches, avoiding mistakes, personal money relationships, sufficiency, and fulfillment in life.
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Qualities of Successful Investors
- Be prudent and save diligently for investments.
- Appreciate value and understand the long-term nature of investing, prioritizing reliability over chasing trends.
Christopher Tan's Retirement Plan
- Christopher Tan plans to retire from financial services in seven years and pursue writing, teaching, and coaching.
- He will fund essential expenses with CPF, retirement income plan, and potential business value, while discretionary expenses will rely on the latter.
Retirement Adequacy and Market Volatility
- Equities provide long-term inflation protection but are volatile in the short term.
- Retirement adequacy involves managing investments and robust financial planning, including emergency funds, manageable debt, and insurance.