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View Poll Results: High Income Poll
less than $10K 48 30.97%
$10K to $12.5K 28 18.06%
$12.5K to $15K 19 12.26%
$15K to $17.5K 15 9.68%
$17.5K to $20K 6 3.87%
$20K to $25K 10 6.45%
$25K to $30K 4 2.58%
$30K + 25 16.13%
Voters: 155. You may not vote on this poll

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High Retirement Income Poll
Old 03-30-2017, 07:11 AM   #1
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High Retirement Income Poll

This group truly is exceptional. The most recent income poll had the OP wondering what the 30+% with $10K plus income might look like. So here we go.

You should consider all retirement income sources:
Pensions
SS
Rents
Dividends
Minimum Required distributions out of IRA's etc
Net Capital Gains (realized gains minus realized losses)

This should give a good picture of potential spending power, since it seems none of spend what we could.
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Old 03-30-2017, 08:05 AM   #2
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Old 03-30-2017, 08:08 AM   #3
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Monthly or annual?
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Old 03-30-2017, 08:53 AM   #4
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As a continuation from another concurrent poll that lumps all high monthly incomes together, this one gives a finer breakout as suggested by Danmar.

I have no doubt Danmar and a few others max out on this scale too. We should be glad no billionaires frequent this forum (or perhaps some do ). You would have to do a poll using a logarithmic scale.
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Old 03-30-2017, 08:54 AM   #5
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Looks like you are still too low? Why are you so interested?
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Old 03-30-2017, 08:56 AM   #6
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Monthly or annual?
Gotta be monthly, petty hard to live on $10K annually in the USand the title was 'high income' not tat mine is all that high $10-$12K but in a HCOL area.
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Old 03-30-2017, 09:01 AM   #7
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Gotta be monthly, petty hard to live on $10K annually
That's what I suspected too, but I've learned not to "assume" anything on most of the polls on this forum. Lot's and lot's of variables and different circumstances that often surprise me.
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Old 03-30-2017, 09:07 AM   #8
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I had to take an annual average since my income varies so much month to month. Last year my worse month was -44k and my best was a little over 62k. But over a 12 month average it was just under 15k. The year before that was better (I think) but I used the most recent annualized data since I just finished my taxes and it's fresh on my mind.
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Old 03-30-2017, 09:13 AM   #9
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Quote:
Originally Posted by Luck_Club View Post
This group truly is exceptional. The most recent income poll had the OP wondering what the 30+% with $10K plus income might look like. So here we go.

You should consider all retirement income sources:
Pensions
SS
Rents
Dividends
Minimum Required distributions out of IRA's etc
Net Capital Gains (realized gains minus realized losses)

This should give a good picture of potential spending power, since it seems none of spend what we could.

Can you clarify what you are polling? Thread title and your intro are confusing to me
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Old 03-30-2017, 09:24 AM   #10
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Originally Posted by euro View Post
Can you clarify what you are polling? Thread title and your intro are confusing to me
He's asking what categories the people who were in the max level from the poll in this thread are in
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Old 03-30-2017, 09:30 AM   #11
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Does income mean spending as in the former poll?
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Old 03-30-2017, 09:30 AM   #12
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Originally Posted by NW-Bound View Post
We should be glad no billionaires frequent this forum (or perhaps some do ). You would have to do a poll using a logarithmic scale.
This reminds me of a joke:

Nine blue collar workers are at a bar enjoying a few beers. Their average income is $50,000 a year. Bill Gates enters the bar and joins them. Their average income is now $500,000,000 a year.
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Old 03-30-2017, 09:42 AM   #13
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Originally Posted by exnavynuke View Post
He's asking what categories the people who were in the max level from the poll in this thread are in


Aha - thanks!
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Old 03-30-2017, 09:58 AM   #14
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Before or after taxes? Since we can only spend what the tax people leave us.
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Old 03-30-2017, 10:13 AM   #15
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Quote:
Originally Posted by Luck_Club View Post
This group truly is exceptional. The most recent income poll had the OP wondering what the 30+% with $10K plus income might look like. So here we go.

You should consider all retirement income sources:
Pensions
SS
Rents
Dividends
Minimum Required distributions out of IRA's etc
Net Capital Gains (realized gains minus realized losses)

This should give a good picture of potential spending power, since it seems none of spend what we could.
Some of this makes no sense. For example, why would an RMD count as income of you're not going to count withdrawals from a taxable account?

Because this is a group that tends to focus on EARLY retirement, which is often financed by withdrawals from regular, taxable accounts, it seems out of whack to not count planned withdrawals from taxable accounts but to count RMD's.

Quote:
This should give a good picture of potential spending power, since it seems none of spend what we could.
What we're doing here is more of a tally of taxable income.
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Old 03-30-2017, 10:25 AM   #16
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Some of this makes no sense. For example, why would an RMD count as income of you're not going to count withdrawals from a taxable account? ....
And some may take their RMD, and not spend all of it. After all, it is "required", but if SS, pension, plus other income sources cover your spending, do you really count all the RMD as "income"?

If a tree falls in the forest...

FWIW, seems the vast majority of polls done here really make no sense, at least to me.

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Old 03-30-2017, 10:31 AM   #17
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Before or after taxes? Since we can only spend what the tax people leave us.
You don't spend money on taxes ??

I pay for taxes, ice-cream and groceries every year, it's all spending.
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Old 03-30-2017, 10:39 AM   #18
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Quote:
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Can you clarify what you are polling? Thread title and your intro are confusing to me
Total annual income/12 to come up with a monthly number. This was a follow on to another posters poll wanting finer resolution of the monthly income.

This poll kind of indicates potential spending.

The reason for Minimum Required Distributions is that is forced income.

I'm thinking pretax.
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Old 03-30-2017, 12:01 PM   #19
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Yes I find it a difficult one to figure out. The reason the retirement income is so high and increasing is that a substantial portion of it doesn't get spent (and hence isn't really realized as income). Similar to the reason it is there in the first place - high savings rate during working years. Is the question asking what is the total increase in net worth from all sources over the year (then divided by 12) or is it referring to 'realized' income.
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Old 03-30-2017, 12:06 PM   #20
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Originally Posted by Luck_Club View Post
...This should give a good picture of potential spending power...
Perhaps a better measure of potential spending power would be one's spending level indicated by FIRECalc at 95% success rate. This solves most of the definitional and timing issues associated with "income." Of course that begs the follow-on question as to whether or not we are actually spending at that level or something lower, or higher, and why. Maybe I'll start my own poll one day.
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