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View Poll Results: Do you personally have a floor income % built into your retirement income plans?
I'm comfortable relying solely on portfolio withdrawals (if you will receive Soc Sec or a pension this is probably not one of your choices). 8 8.99%
I'd want at least 25% floor income for essentials 7 7.87%
I'd want at least 50% floor income for essentials 22 24.72%
I'd want at least 75% floor income for essentials 11 12.36%
I'm shooting for 100% floor income for essentials 24 26.97%
I'm shooting for 100% floor income for essentials and some/all discretionary 17 19.10%
Voters: 89. You may not vote on this poll

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Old 12-31-2013, 06:06 AM   #41
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My Pension and DW's SS (to come) cover 100% of essentials with COLA. Our portfolio covers a two house, extensive travel lifestyle.

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Old 12-31-2013, 06:34 AM   #42
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Been retired going on 5 years and SS+pension = 100% However my pension is non-Cola which means someday we will need extra.

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Old 12-31-2013, 09:37 AM   #43
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We have a household budget which we count on increasing by 4% a year. At the end of the year, we compare it to what capital we would need at 4% and then compare that amount to our accumulated portfolio. As long as it is less, we consider ourselves OK.

IOW we do not set the budget based on the current portfolio size. As it stands now, 11 years into retirement, we can live forever.
For the fun of it...Keith
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Poll: Do YOU have a floor income % built into your retirement income plans?
Old 01-01-2014, 09:28 PM   #44
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Poll: Do YOU have a floor income % built into your retirement income plans?

For the last five years before retirement, my wife's income paid the mortgage and our son's college expenses. We lived on my take home income. Son's graduated and the house is paid off. Our combine pensions, after tax and insurance, is about the same as my old take home, so we can live on our pensions. I haven't done the math specifically, but the pensions are about 67% of our previous income. A 2% withdrawal permits us to travel as we wish; when the market's down, we can forego travel and live off pensions. I'd like to leave a significant inheritance for our son, given the employment situation. I'm pessimistic it will improve.

We have higher expenses at the moment - two cars will be paid off in August. Payments on pickup for another couple of years. Truck is for our RV. When those are paid off, we may need to tap into the investments at all. We'll receive a small SS payment in 5 years; enough to pay for gas...
"Growing old is no excuse for growing up."
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Old 01-01-2014, 10:05 PM   #45
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I will have a pension (federal) with COLA when I retire later this year, that will cover around 80% of expenses, & wife will keep working which will cover the rest. When she retires in a couple of years (no pension) I will then tap my TSP for the 20% that we'll lose when her income stops. 2 years after that, my military reserve retirement will begin & will again pick up where her stopped income left off. TSP & her 401k withdrawals after that point will be for discretionary spending, for the most part.

I should add that when I'm withdrawing from my TSP, it will be at a rate no higher than 4%, likely less, before taxes.
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Old 01-02-2014, 12:14 AM   #46
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I voted the first option based on the current situation. I have no pension. By the time I reach government pension age, I will not get the whole amount (CPP) and will probably have OAS clawed back (assuming my portfolio does not tank in the meantime). Recognizing how vulnerable this makes me to the slings and arrows of outrageous fortune, I have added some investment real estate to my portfolio. When all the mortgages are paid off about 12 years from now, I estimate that this will provide an income equivalent to ~25% of my baseline lifestyle expenses.

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