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Old 01-31-2013, 07:05 AM   #61
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Originally Posted by Shanky View Post
How many of you early retired without having owned a business, no pension, no health care benefits in retirement, no inheritence. Basically the new normal. A job, and LBYM. (And Children.....)
Count me in.

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Old 01-31-2013, 07:25 AM   #62
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Join Date: May 2011
Posts: 154
I took a pension because my lump sum would have been punie, plus health care which I pay more into than when I worked..

Don't most of you w/o a pension have a lump sum? That would be considered a pension to me, plus the tax rate is cheaper when you w/drawl.

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Old 01-31-2013, 02:44 PM   #63
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Location: Dallas
Posts: 336
We're in this category. We've saved like crazy people for 15 years now and budget on $2,500 / month (or less) living in Mexico (living well, I might add). This allows us not to touch our principle an maybe grow a little.

Even living in CA we got our expenses down to $3,500 / mo in LA.

Our dividends cover about half and CD's cover the other half. We don't touch our tax deferred accounts and DW gets a whopping $10k / yr in 17 years...pension

We count on reduced SS as we're 20-23 years away on this. In the next 20 years, we'll pay out of pocket on healthcare and are currently paying $300-350/mo for this.

Definitely need to be on the same page with your spouse and try to communicate expectations often. DW is always the money worrier. I'm the spreadsheet nerd who shows the numbers (in a conservative way)...
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Old 01-31-2013, 02:48 PM   #64
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I suppose no pension is the new normal but there are still loads of people working in jobs with defined benefit pension plans.
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Old 02-01-2013, 06:17 AM   #65
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As of 2012, Only 11 of the Fortune top 100 companies still offered defined benefit pensions for new employees. By the way, this compares to 58 of them offering pensions in 2000. I am not sure those who still get a pension realize the fortunate minority they have become.

Fewer Employers Offering Defined Benefit Pension Plans to New Salaried Employees | Latest News -
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Old 02-01-2013, 09:39 AM   #66
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Location: Saint Cloud
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One of the few here (government pension) and I do feel fortunate..

When all is said and done, usually more was said than done.

Retired Fall of 2011 @58 :)
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