Join Early Retirement Today
View Poll Results: Besides your nest egg investments, where else is the money coming from?
no pension, no subsidized health insurance, no spousal income 21 33.33%
spousal income 6 9.52%
pension 12 19.05%
pension, spousal income 1 1.59%
pension, subsidized health insurance 17 26.98%
pension, subsidized health insurance, spousal income 4 6.35%
inherited my nest egg 1 1.59%
no money, living the life of Freddie the Freeloader 1 1.59%
Voters: 63. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
ER poll
Old 09-22-2005, 08:07 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
ER poll

I know that most of us have mention on different threads how we determined when we were financial ready to ER.

Influenced by the latest Bernstein thread "Bernstein slams early retirement", I thought this poll would give newbies and perpective future ER candidates a clearer picture of where our money comes from to support our "so far" sucessful ER.

Since I am assuming most of us who have ER'd had at least 7 to 15 years to wait for either SS and medicare to kick in (we hope), I didn't include them.

If you are Freddie, I guess you go to the local library to access the internet.
__________________

__________________
I look to the present moment because that's where I live my life.
MJ 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 Early-Retirement.org 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!

Re: ER poll
Old 09-22-2005, 08:23 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: ER poll

No pension, no paid health insurance, spousal income. I have taken
some heat for loafing while DW works. It's a complex issue.
OTOH, my net worth increased for the 4 years I was single and
is now flatlined. That's a complex issue also. I was thinking just today
that a bunch of guys I know are still working just to get them out of the house and away from 24/7 contact with their spouse. I can understand
that but have yet to face the problem head-on. I will say this. Having
some sort of self employment gives you a lot of freedom to come and go. It wouldn't help me much as I usually just do as I please anyway.
But, I can see the appeal of taking off for a week and telling the
little woman that you are working

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 08:39 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Re: ER poll

Quote:
Originally Posted by MRGALT2U
But, I can see the appeal of taking off for a week and telling the
little woman that you are working* JG
Maybe you want to hold off on that plan until after she is no longer churning the butter for your bread?

When that is all over, you could see if MJ could get you on with his former employer managing the massage parlor. That would be a break in the daily domestic routine.*

I used to have a old-guy buddy. When I was 40, he was nearing 80. Former Navy pilot, former test pilot at Grumman, incredible all around great guy. His wife tried to make him into her chauffeur and go-fer for her church-lady projects. So he hid out in the health club all day. She was too intimidated to come in there and roust him.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 08:48 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: ER poll

Quote:
Originally Posted by HaHa
When that is all over, you could see if MJ could get you on with his former employer managing the massage parlor.
Hey Ha,
do you have that good a memory or do you keep a spreadsheet with all our past accomplishments?
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 09:05 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Re: ER poll

Quote:
Originally Posted by MJ
Hey Ha,
do you have that good a memory or do you keep a spreadsheet with all our past accomplishments?*
Well, this is just the type of resume that sticks in my mind, you know?

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 09:14 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: ER poll

Quote:
Originally Posted by HaHa
Well, this is just the type of resume that sticks in my mind, you know?

Ha
That will teach me for sharing.
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 09:25 PM   #7
Full time employment: Posting here.
 
Join Date: Nov 2002
Posts: 768
Re: ER poll

The majority has a pension.
__________________
Michael is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 10:40 PM   #8
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Re: ER poll

I think the other issue is how much of a pension. I am sure that some arent sticking around for the full 30 years or whatever full retirement is for them (the ones that do are probably the ones with the health insurance)
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: ER poll
Old 09-22-2005, 10:48 PM   #9
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
 
Join Date: Feb 2003
Location: DFW
Posts: 2,627
Re: ER poll

Quote:
Originally Posted by Michael
The majority has a pension.
Odd, I was under the impression a majority made it through equities, be they stocks or real estate.

ADDED: Mine is forecast to be from a DB pension (non-COLA) and a tax-deferred stock/bond/reit fund mix.
__________________
BigMoneyJim is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 12:25 AM   #10
Full time employment: Posting here.
 
Join Date: Nov 2002
Posts: 768
Re: ER poll

Quote:
I am sure that some arent sticking around for the full 30 years...
25 for me.

Quote:
Odd, I was under the impression a majority made it through equities, be they stocks or real estate.
I would guess that the above supplement the pension for most people.
__________________
Michael is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 04:49 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: ER poll

Quote:
Originally Posted by HaHa
Maybe you want to hold off on that plan until after she is no longer churning the butter for your bread?

When that is all over, you could see if MJ could get you on with his former employer managing the massage parlor. That would be a break in the daily domestic routine.*

I used to have a old-guy buddy. When I was 40, he was nearing 80. Former Navy pilot, former test pilot at Grumman, incredible all around great guy. His wife tried to make him into her chauffeur and go-fer for her church-lady projects. So he hid out in the health club all day. She was too intimidated to come in there and roust him.

Ha
I take off whenever I want for as long as I want. Thus, I have the same system as before I remarried. Not too sure how this would work if DW
was retired also.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 07:20 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,625
Re: ER poll

Quote:
Originally Posted by MRGALT2U
...
I was thinking just today that a bunch of guys I know are still working just to get them out of the house and away from 24/7 contact with their spouse. I can understand that but have yet to face the problem head-on.
Maybe that's why your spouse is still working?
__________________
LOL! is offline   Reply With Quote
Re: ER poll results
Old 09-23-2005, 08:39 AM   #13
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: ER poll results

So far, with 34 votes, here are the statistics on how we ER'd,

38% with our investments only
21% included spousal income
50% included a pension
35% included subsidized health insurance
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 09:02 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: ER poll

Quote:
Originally Posted by LOL!
Maybe that's why your spouse is still working?
That occurred to me as well

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 09:45 AM   #15
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 362
Re: ER poll

Two pensions, no subsidized health insurance. Nest eggs are long term, not needed for expenses at this point.

And hubby recently went back to work part-time at a seasonal job more as a hobby than for the money. (although the increase in the savings accts is nice)

SS won't kick in for 8 yrs for him, 16 yrs for me.
__________________
kz is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 10:02 AM   #16
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: ER poll

Will have:

DB (non COLA) pensions (one each) for 24 years of working bliss for me; 20 for DW.*

Together they will provide only 20% of gross income today.* They might pay for gas and beer.* Well beer anyway.*

The rest is IRAs and 401(K) roll overs (both) and after tax portfolio and cash.*

SS will help in 9 years but until then we will be doing a 72(t) or general IRA withdrawls after age 59.

Part time work is not in the plan unless we want to because of the nature of the work; not because we have to.

Forgot to mention employer assisted health care until age 62. Why am I still working?
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 10:06 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: ER poll

Me = 50% IRAs, 50% taxable investments, no pension, no subsidized health insurance

DH = 25% IRAs, 75% taxable accts, still working but at a downsized job (college instructor), might get 2 small nonCOLA pensions at 65, has lightly subsidized health insurance ($300/month plus $120/month for the HSA account for 2005).

If DH retired this minute, we'd have enough income from investments to cover all of our needs and half of our wants. DH continues to work mainly because he enjoys it and gets 4 months off per year for R&R.
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 11:38 AM   #18
Full time employment: Posting here.
shiny's Avatar
 
Join Date: Jun 2005
Posts: 673
Re: ER poll

I didn't vote. I'm not working, so right now it would be totally spouse's income as we are still living on it and saving the majority of it, but I don't REALLY feel ERed. I think it won't truly hit me until he quits too and we live on savings only. No pensions, health ins, etc.

Should I vote on how the plan for total ER will be?
__________________
I'm made of atoms, you're made of atoms, and we're all in this together. Ben Lee
shiny is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 01:49 PM   #19
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Re: ER poll

Pension & subsidized healthcare.

Spouse's gravy train just derailed and now she's joined the prestigious Navy Reserve's local "Volunteer Training Unit", where you drill for retirement points but zero pay. (It's like showing up for work to accrue longevity & free coffee without paychecks or 401(k) contributions.) She might get one more chance at a Bangkok trip on per diem (no pay). Otherwise she waits a year until some of the deadwood more senior Reservists retire and open up more billets.

OTOH I think she finally "gets it". A lot of that "I'll show them" competitiveness has been replaced by a "What, me work?" attitude. She seems more relieved than ticked off at having to join the VTU, and she's cherry-picking good billets instead of showing that hard-core "Have military ID card, will travel" attitude. In 2007 she finishes her Reserve obligation & goes over 24 so she might even put in retirement papers. I think the only thing really keeping her in the VTU is the chance for a few more Thai massages.

In the last three years we've cut our mortgage payments by 10%, dropped the kid's most expensive activities, raised the vacation budget, and held the line on the other big spending categories. Overall spending will drop by 15% next year, partly because we won't be making 2006 IRA contributions. Portfolio withdrawals will be well below a 4% SWR and most of that will be mortgage payments.

Life stays good.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: ER poll
Old 09-23-2005, 02:01 PM   #20
 
Posts: n/a
Re: ER poll

Quote:
Overall spending will drop by 15% next year, partly because we won't be making 2006 IRA contributions.

Why would you consider IRA contrbutions Spending? - Doesn't that kind of sound like saving to you?
__________________
  Reply With Quote
Reply


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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Personality Poll Martha Other topics 85 06-26-2010 06:33 AM
Friends and aquantainces poll results dex Life after FIRE 11 02-24-2006 03:56 PM
Next poll...honing in on mortgages cute fuzzy bunny FIRE and Money 25 02-21-2006 07:52 AM
Poll #1 Early retirees and your Marriage ESRBob Life after FIRE 2 05-25-2005 07:50 PM

 

 
All times are GMT -6. The time now is 05:17 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.