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View Poll Results: How much of your retirement income comes from "guaranteed" sources?
0% to 25% 83 35.62%
26% to 50% 39 16.74%
51% to 75% 52 22.32%
76% to 100% 59 25.32%
Voters: 233. You may not vote on this poll

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Old 09-13-2015, 11:45 AM   #21
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I'm still working and will be 61 next year, at which time plan to work part time.

We have 2 Paid for Rentals that net a little over $50k after expenses.

The savings should yield $30-$35k per year as it stands now.

And social security is waiting for me after contributing for 41 years to date.
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Old 09-13-2015, 11:46 AM   #22
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Quote:
Originally Posted by pb4uski View Post
Right now.... no guaranteed income. I have a DB pension that I can start at anytime, but the annual growth in benefit from 55-60 was pretty good so I deferred starting it but will probably do so next year....
Do you mind discussing this a bit further? I am in a similar situation with a DB pension that increases in payout by about 6% each year for the first few years I delay after age 55. This rate of increase slows to about 4% by age 62 and there are no increases after age 65.

At present I plan to delay pension commencement for the first year of my ER (primarily for tax reasons as I will still be in a relatively high bracket for that one year) but take it starting the following year. Since the pension doesn't have a COLA including inflation shows a breakeven time of at least 20 years so I believe this strategy works well for me, but I'm curious how others approach a similar situation.

In reference to the original topic I expect the DB pension to account for about 60% of my expenses at the outset and drop from there as inflation progresses.
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Old 09-13-2015, 12:34 PM   #23
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About 38% from SS.
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Old 09-13-2015, 01:01 PM   #24
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Recently retired at 55. Until we take social security, 100 % of expenses paid with non guaranteed money. In those investments we've focused a chunk of money in lower risk, reasonable dividend paying investments. Those dividends should cover 50 to 75 % of our needs. At least that's the plan!


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Old 09-13-2015, 01:02 PM   #25
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Notice I used " " around guaranteed in my post
But isn't the amount I have saved across different accounts also 'guaranteed'? More so than a pension or SS.

I guess I didn't 'understand' what was meant.

Quote:
Originally Posted by pb4uski View Post
Did you note that the OP put guaranteed in quotes?

SS and most pensions are about as guaranteed as you can get.... as are annuities issued by a credit worthy insurer (which is most of them). It's all relative... relative to portfolio returns.... those sources are guaranteed.
Did you note the OP beat you to the comment?
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Old 09-13-2015, 01:12 PM   #26
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None.
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Old 09-13-2015, 01:22 PM   #27
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About 10% of our income is from ACA subsidies, which I guess is guaranteed (at least it doesn't fluctuate with the stock and bond market). The only other thing is SS.
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Old 09-13-2015, 01:29 PM   #28
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None until SS kicks in


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Old 09-13-2015, 01:48 PM   #29
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Zero. SS can kick in next year, but I will probably delay 2-3 years.
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Old 09-13-2015, 02:19 PM   #30
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None.
Making some assumptions, but I thought Canadians typically had more secure/guaranteed income than Americans, so I assumed none was almost unheard of. But I learn something new every day...
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Old 09-13-2015, 02:30 PM   #31
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Probably 90+% guaranteed to be dependent on the attention I pay to it. Getting a tiny dab of social security, our stock holdings aren't guaranteed to be worth anything and the rentals and loans are worth something only IF I keep them ticking along and making payments.
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Old 09-13-2015, 02:34 PM   #32
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So far 100% of my income is dividends and capital gains distributions from my taxable investments. I'm hoping that will continue to be the case until I'm able to collect SS. I suppose since neither dividends or CG distributions are guaranteed, I'd have to say 0%.
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Old 09-13-2015, 03:04 PM   #33
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80%, however, because my SWR from IRA's is so low, I really could consider it 100% secure.
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Old 09-13-2015, 03:10 PM   #34
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About 48%, but that will increase significantly when SS kicks in.
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Old 09-13-2015, 03:16 PM   #35
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"Assuming" SS is guaranteed and FDIC banks are guaranteed then I'd say better than 80%.
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Old 09-13-2015, 03:25 PM   #36
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Although not guaranteed in the event of the proverbial apocalyptic meteor strike or WWIII, absent those events the DB pension is about as close to 100% as one can get. SS will be gravy on top of that.
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Old 09-13-2015, 05:46 PM   #37
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2/3 of what we spend.
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Old 09-13-2015, 05:52 PM   #38
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Quote:
Originally Posted by Midpack View Post
Making some assumptions, but I thought Canadians typically had more secure/guaranteed income than Americans, so I assumed none was almost unheard of. But I learn something new every day...
When it comes to retirement concerns, Canada and the U.S. are on equal footing | Financial Post

See the above article. Also, I am not typical. As a retired independent contractor, I have no pension income. I do have some rental income, but it is currently a small percentage of my expenses, and I do not consider it guaranteed. When I reach 60, 65, or 70, I will be able to draw some CPP, but it will be reduced as I did not move to and work in Canada till I was in my 30s. CPP is significantly less than SS. I expect that my OAS will be "clawed back" based on taxable income, which is why I am withdrawing from my tax sheltered accounts early, so that I will have lower RMDs when I am 71, and possibly avoid the clawback. So I currently have no "guaranteed" income. What I do have is guaranteed health insurance.
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Old 09-13-2015, 05:54 PM   #39
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State pension, 58%
Rental income, 42%

TIAA-CREF interest @4% is reinvested, but can be taken at anytime if required and each year would provide about 40% of my spending

When US and UK social security payments begin those will be invested.
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Old 09-13-2015, 06:02 PM   #40
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A little under 50% for corp DB pension but dropping every year as my divs increase.
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