% of income from Soc Sec & Pensions - Page 3

Midpack · 07-02-2008, 06:49 AM

This has been interesting, the distribution is broader than I was guessing. People who have a generous COLA'd pension (and that's wonderful) would have a very different view from those of us who do not (like me). And when I read comments on the long term outlook for all of us, it would be nice to know what "camp" folks are in. I assume MegaCorp pensions will continue to decline and completely disappear pretty soon. Thanks...

Rambler · 07-02-2008, 07:20 AM

If SS still exists when we are at the age to receive it, it would be 10% or less, due to working overseas for a while, and from retiring early. I have the requisite number of quarters to be eligible, but the total years/quarters is pretty low. For planning purposes, we do not include a figure for SS, and we figure a withdrawl rate of just a bit more than 3%.

R

NotSoonEnough · 07-03-2008, 07:45 PM

Quote:

Originally Posted by Midpack

This has been interesting, the distribution is broader than I was guessing. People who have a generous COLA'd pension (and that's wonderful) would have a very different view from those of us who do not (like me). And when I read comments on the long term outlook for all of us, it would be nice to know what "camp" folks are in. I assume MegaCorp pensions will continue to decline and completely disappear pretty soon. Thanks...

Yep, very interesting. The poll's distribution is skewed, I was expecting to see something resembling 'normal'. Wonder what a poll which excludes pensions would show...? Would the lower tail disappear?

audreyh1 · 07-03-2008, 11:00 PM

So far, almost 30% of the folks are in the <20% camp!

Audrey

dandetour · 07-03-2008, 11:26 PM

Very very interesting. Thanks to the OP for asking the question.
I voted >80%. It will be 86% when everything kicks in, in 8 years.
Dan

Retire Soon · 07-03-2008, 11:33 PM

40% of our current income comes from a COLA'd pension. SS will eventually cover an additional 10% of our income.

View Poll Results: What % of your retirement income comes from/will come from Soc Sec and Pensions?
less than 20%	44	31.88%
20-40%	24	17.39%
41-60%	30	21.74%
61-80%	19	13.77%
more than 80%	21	15.22%
Voters: 138. You may not vote on this poll

07-02-2008, 06:49 AM	#41
Midpack Full time employment: Posting here. Join Date: Jan 2008 Posts: 879	This has been interesting, the distribution is broader than I was guessing. People who have a generous COLA'd pension (and that's wonderful) would have a very different view from those of us who do not (like me). And when I read comments on the long term outlook for all of us, it would be nice to know what "camp" folks are in. I assume MegaCorp pensions will continue to decline and completely disappear pretty soon. Thanks... __________________ You only live once...

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07-02-2008, 07:20 AM	#42
Rambler Full time employment: Posting here. Join Date: Jul 2007 Posts: 725	If SS still exists when we are at the age to receive it, it would be 10% or less, due to working overseas for a while, and from retiring early. I have the requisite number of quarters to be eligible, but the total years/quarters is pretty low. For planning purposes, we do not include a figure for SS, and we figure a withdrawl rate of just a bit more than 3%. R

07-03-2008, 11:00 PM	#44
audreyh1 Thinks s/he gets paid by the post Join Date: Jan 2006 Posts: 2,203	So far, almost 30% of the folks are in the <20% camp! Audrey

07-03-2008, 11:26 PM	#45
dandetour Confused about dryer sheets Join Date: Jun 2007 Posts: 7	Very very interesting. Thanks to the OP for asking the question. I voted >80%. It will be 86% when everything kicks in, in 8 years. Dan

07-03-2008, 11:33 PM	#46
Retire Soon Full time employment: Posting here. Join Date: Nov 2005 Posts: 535	40% of our current income comes from a COLA'd pension. SS will eventually cover an additional 10% of our income.

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