Great Advice from the Motley Fool, Mr. David Kuo ; 4% rule upon retirement.

Here is some great advice from the financial adviser who goes by the moniker of "The Motley Fool", Mr. David Kuo. 

The 4% 'rule' is a guesstimate on how much interest your savings is expected to earn you yearly if you want to retire comfortably, ie. living with perhaps 70% level of your last standard of living if I may be able to quantify it. Lets say you want to retire with an 'outflow' of your savings yearly of $50,000. He suggests multiplying that amount by 25 so you need to have saved (ideally through rigorous savings, investment gains, business gains and inheritance) approximately $1.25 million. 

If you do not want to downgrade your existing property, then that amount should be kept in liquid assets. He estimates that these savings earned annually should appreciate 4% if it is still being continually invested wisely in a mix of equities, bonds, some cash and maybe a spare property or two. 

Bear in mind inflation of 3% annually will eat into the interest, so his company The Motley Fool will aim to earn upwards of 7% so that the savings saved is indeed kept intact and even growing through these uncertain times of US - China Trade Wars, the slowing down of our economies as we struggle to adapt to the new ways of doing and managing business and our lives are intertwined inextricably with our jobs, work and our companies.Our families should always be the reason we are existing, but our life's work if it can be quantified, should stand the passage of time. Our legacy is ours to create. 

Retirement can be optional, but the mind and body slowing down  and going to a funk is inevitable, but we can slow the process down by rigorous exercise, proper choices in food, living in clean environments and even taking health supplements like I do and have done so for the last 14 years without stopping.    

Another point to note is that you (and I) should be very well insured for all kinds of potential mishaps which require hospitalization fees, loss of earned income, and the slow loss of mobillity - whenever that strikes, it comes very fast as I have seen with close and dear friends recently.

Money, while it is necessary for a good life, doesn't necessarily lead to a good death, hence the thinking I have currently is to help the less fortunate people while I still have the energy and means to do so. That act itself will open my views to experiencing and maybe having empathy for those truly in need.

Death comes in whatever form, so be prepared for it, mentally,financially and physically by accepting the changes that will inevitably occur in time.