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10 biggest sources of retirement income
Old 05-14-2010, 11:47 AM   #1
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10 biggest sources of retirement income

A look at the 10 biggest sources of funding retirement

the-10-biggest-sources-of-retirement-income: Personal Finance News from Yahoo! Finance
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Old 05-14-2010, 11:55 AM   #2
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Having just RE'ed my biggest sources are as follows:

age 55 - 67 - Pension + Investment income

age 67 - .... Pension + SS + Investment income

As pension is non-COLA then it declines in overall percentage.
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Old 05-14-2010, 12:00 PM   #3
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Hmm. I have been planning a number of small income streams from various sources, and it looks like I have or will have 7 out of 10. I don't intend to have income from the following sources that they listed:

1. part time w*rk (w*rk is not part of anything I would call retirement, for myself anyway),

2. annuities/insurance (I had planned to get an annuity but I don't need it now, and interest rates are abysmal),

3. rents/royalties (sounds like a great income stream for those who can do it without feeling like it's another job. Keeping rental units in good shape sounds like a nightmare of a job for me.)

They also seem to assume that everyone has enough room for all of their bonds and fixed income in their retirement accounts, so they can meet their asset allocation without putting any bonds whatsoever in taxable. That is a nice world view but isn't always the case. My Wellesley is mostly bonds and provides me with a nice income stream even after taxes.
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Old 05-14-2010, 12:54 PM   #4
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In order of current dollar importance:
Rents/equity in rental property
Savings accounts, CDs, Loans
Stocks & Bonds (a small percentage of even #2 on our list)
Social Security (mine wouldn't cover the rent in our cheapest tiny studio apartment)
Retirement account (the gal has one that would cover about 3 months of our current annual spending)
Bottle and can deposits
earnings as a man-whore?
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Old 05-14-2010, 03:05 PM   #5
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Small fed pension
Haven't yet touched SS, IRA. Roth IRA, TSP
CD ladder
Doubt anyone would pay for body, organs...
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Old 05-14-2010, 05:12 PM   #6
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Relatively small pension from previous job
Even smaller pension from 3 jobs ago
wife's even smaller pension from her previous job
option premium income from taxable account
still not touching IRA/Roth (converting this year)
too young for for full SS to be tapped yet

Have a small life insurance policy to pay for funeral expenses, so I guess I'm paying someone else to get rid of my body, organs...
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Old 05-14-2010, 05:40 PM   #7
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Not RE yet, but on reflection I anticipate at least some income from all categories except annuities.
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Old 05-14-2010, 05:55 PM   #8
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Currently 3 sources for me:

1. Stocks and Mutual funds

2. Savings (ie. Money Market funds)

3. Annuity (rolled over lump sum from w*rk and added some from IRA to annuity). Too young for SS, and too young to withdraw from retirement unless 72-t'd)
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Old 05-14-2010, 05:57 PM   #9
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11. Unemployment Compensation legally gleaned from temp work done in 2008/09 that still allows semi-monthly income stream due to poor federal control of reality.
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Old 05-14-2010, 10:01 PM   #10
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Currently:

1.) Investments

2.) SS

3.) Pension
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Old 05-14-2010, 10:47 PM   #11
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Not RE yet but when I do, income will comprise spending money from DH who will continue working, investment, CDs, retirement savings and annuities. Won't count on inheritance - too many siblings.
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Old 05-14-2010, 11:06 PM   #12
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That list is a bit confusing. Some of the listed items (SS, home equity) are sources of income, others (retirement income, CD's) are containers to keep assets in. So depending how you count, I expect to have income from four or seven out of the ten. I'll have a pension, Social Security, retirement accounts and home equity, but also income from stocks/mutual funds (in the retirement account), rents (from REIT index fund, also in the retirement accounts) and CDs/bank accounts (cash stash for home equity). I'm not going to count on funding my retirement with inherited money as both my parents are still living and I hope they'll still be around years after I retire.
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Old 05-15-2010, 07:51 AM   #13
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age 49-55: savings and investments

age 55-65: pension + investements (1 very nice pension, one comically small pension)

age 65-?: ss + pension + investments

As I get older, it seems I could actually have too much income. Not such a bad problem to have but it does make me wonder if I should be spending more while I'm younger...
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Old 05-15-2010, 09:05 AM   #14
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The bulk will be a pension.

SS at either 62, 65, or somewhere in between, depends on if I keep working or if DW gets a job. In any event the essentials are all paid for.

Savings/investments.
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Old 05-15-2010, 03:21 PM   #15
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Quote:
Originally Posted by JoeDreaming View Post
age 49-55: savings and investments

age 55-65: pension + investements (1 very nice pension, one comically small pension)

age 65-?: ss + pension + investments

As I get older, it seems I could actually have too much income. Not such a bad problem to have but it does make me wonder if I should be spending more while I'm younger...
That's exactly the topic of Spend "til the End. The answer is, "maybe you should be spending more now" . I've linked to a review of the book here at ER, and there are a whole lot of other threads that touch on the idea of "consumption smoothing".
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Old 05-15-2010, 03:57 PM   #16
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CSRS survivor pension - now
Annuity (formerly TSP 401(k)), fixed, 5.25% - now
FERS pension - small one to happen at age 56
Retirement portfolio - still building this up
100% Home equity - if needed
US Govt EE and I savings bonds - cash in as needed
SS at 62 (only mine, no widow benefit)
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Old 05-15-2010, 04:55 PM   #17
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CSRS Pension (now)
Investment allowance (now)
Annuity (at 67)
Survivors Pension at 65 a big $75 per month
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Old 05-16-2010, 04:54 AM   #18
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50-60 - husband military pension and taxable savings - possibly small consulting income
60-65 - husband and my military pension, my non-COLA'd company pension and taxable savings - SS?? 62-70
70 - on - uhh, I don't know when we will be spending the tax deferred stuff.....probably mostly on taxes :-)

Inheritance - a comment my dad made last time I was there scared me as I inferred there was a possible inheritance - oh vey - just spend it all til you die, Dad. Also, a comment by the stepmom that we should live in their very nice house when they die - uhh, perhaps.

I suspect some charities and other worthy causes may get some more resources to disburse.
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