Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-31-2013, 07:05 AM   #61
Thinks s/he gets paid by the post
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,963
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.

"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-31-2013, 07:25 AM   #62
Recycles dryer sheets
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.

heirloom is offline   Reply With Quote
Old 01-31-2013, 02:44 PM   #63
Recycles dryer sheets
Join Date: Mar 2011
Location: Dallas
Posts: 482
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)...
Surewhitey is offline   Reply With Quote
Old 01-31-2013, 02:48 PM   #64
Full time employment: Posting here.
Join Date: Jun 2006
Posts: 926
I suppose no pension is the new normal but there are still loads of people working in jobs with defined benefit pension plans.
CW4, USA-(ret)
RN, BSN-(ret)
jclarksnakes is offline   Reply With Quote
Old 02-01-2013, 06:17 AM   #65
Recycles dryer sheets
Join Date: Jul 2012
Posts: 256
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 -
Shanky is offline   Reply With Quote
Old 02-01-2013, 09:39 AM   #66
Recycles dryer sheets
vttlarry's Avatar
Join Date: Sep 2011
Location: Saint Cloud
Posts: 55
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 :)
vttlarry is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 06:56 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.