Earl E Retyre
Full time employment: Posting here.
- Joined
- Jan 1, 2010
- Messages
- 541
And hey, as a bonus to my lessons learned, I am now a dryer sheet aficionada. Yeah!
And you've got the scars to prove it!And hey, as a bonus to my lessons learned, I am now a dryer sheet aficionada. Yeah!
If you use the Search function for past polls, I think you will find some of your questions answered. Or start your own poll. You may need a pre-poll (like you have sort-of done) in order to appease the persnickety.
...frankly I do not see the difference between having a $40,000 pension or a million dollars to invest they both give you to same amount to spend.
Anyway, I was just asking a simple question regarding how much money people had ... .
I apologize for stirring things up with my poll. I see it was not the best formed poll. But I am only a dryer sheet wannabe. In the future, I will try and do better. Having said that, I did assume that since the forum is called FIRE (Financial Independence Retire Early), that most people on the site would not qualify yet for a pension or SS since they retired early after receiving financial independence. Otherwise the site may have been called Financially Able to Retire Tomorrow. Although that may not make for the best acronym. Anyway, thanks to those that did answer the poll. I still found the results very interesting and informative.
You didn't consider many of us here may have retied in our 30's, 40's or 50's and actually lived long enough to be eligible for SS? Or were in the military and became eligible for pensions in our 40's? Or worked for state or municipal govts where retiring with full pensions at age 55 might be commonplace?
There are many roads to FIRE and assumptions should be tempered with reality.
And hey, as a bonus to my lessons learned, I am now a dryer sheet aficionada. Yeah!
I only read the OP before voting. I added a net present value of my pension since it provides about half of our yearly budget. Clearly, a poll needs to be very explicit to avoid ambiguous results.
I didn't.
Fritz
I think there are possibly some other options or maybe it just depends on how you look at it. Also things may change over time. I recently semi-retired (working about one day a week). I don't have SS yet (not old enough), have a 401(k) that I can't yet access (not being fully retired).
DH is retired later this month. He has a 401(k) (I guess that is investments in your poll), could take a non-COLA Pension, and will take SS. In his case he will take his pension as a lump sum. So, are we investments + SS or since a large part of the investments is from a pension lump sum are we considers pensioners?
Also right now, since I'm not eligible for SS more of our income is from investments while later it the combined SS income of DH and me may (or may not) end up being more than investment income.
That's how I took it an answered the poll accordingly. No problem here.
I wonder if perhaps some people who have significant amounts of their net worth sunk into their housing, or value of pension/SS/whatever, are just embarrassed to admit on an anonymous poll that they don't have much actual money. There is nothing to be embarrassed about, though. Hey, we all wish we had an 80% pension, SS, and a big paid off house. This part of one's net worth sure seems more certain than investing, to me.
The OP specifically said he was interested in "background info when reading posts regarding investment opinions, etc., re: how much of a nest egg people are investing." The nest egg that I am investing consists of mutual funds and cash. My pension is not part of that. My house is just a place where I live.
Whoa, I missed that one. Headin over to the search page nowOver on the Too Hot thread people are so upset that "she isn't really hot",
Ha
This thread proves there are no such things as simple questions and answers on this forum.....
http://www.early-retirement.org/forums/f27/how-many-forum-members-45746.html
Are you trying to say that you have $5 - 6 million in assets?Money? Not much.
Assets ... income producing real estate : ~1.5m.
If it is a public pension (from the Federal Government), the probability of survival will be high but not forever. The government can cease its obligation at anytime though not likely.I.. He has a pension which lasts forever
Are you trying to say that you have $5 - 6 million in assets?