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01-31-2013, 07:05 AM
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#61
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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 Quote:
Originally Posted by Shanky
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.....)
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Count me in.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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01-31-2013, 07:25 AM
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#62
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Recycles dryer sheets
Join Date: May 2011
Posts: 154
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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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01-31-2013, 02:44 PM
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#63
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Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,833
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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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01-31-2013, 02:48 PM
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#64
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Full time employment: Posting here.
Join Date: Jun 2006
Posts: 927
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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.
__________________
CW4, USA-(ret)
RN, BSN-(ret)
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02-01-2013, 09:39 AM
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#66
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Recycles dryer sheets
Join Date: Sep 2011
Location: Saint Cloud
Posts: 55
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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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