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View Poll Results: Total Income streams excluding WR (please read instructions
$0 per month 28 13.40%
$1-$1000 per month 11 5.26%
$1001-$3000 per month 34 16.27%
$3001-$5000 per month 43 20.57%
$5001-$7000 per month 26 12.44%
$7001-$10,000 per month 20 9.57%
over $10,001 per month 14 6.70%
NOYDB - decline to state 4 1.91%
Don't qualify since still working 28 13.40%
Pie 1 0.48%
Voters: 209. You may not vote on this poll

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Old 01-07-2016, 01:55 PM   #21
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Quote:
Originally Posted by Senator View Post
I am not quite retired yet, I voted $10K+.

After I leave my FT job, I will have rental income/profits in excess of $150K per year. On top of that, I also have a small VA disability payment. These are current income streams that I receive now, on top of my mega-corp salary.

Future income streams...
A small pension ($1,262 mo, no COLA at 65)
SS
Dividends, etc.

Maybe I am more "semi-retired" than retired?
Why are you still working?

Do you plan on handing the management/maintenance of your rentals over to someone else? We manage our one rental ourselves - but it's directly behind our house, newer construction, and we have great tenants... so the work is probably less than 10 hours per year - including cashing the checks and doing the little bit of extra tax entry.
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Old 01-07-2016, 02:18 PM   #22
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Nada. Bupkis. Diddly-squat. Zilch.
+1. I did not realize there were so few of us in this situation.
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Old 01-07-2016, 02:33 PM   #23
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We have pension income and a (very) small amount of dividend income. Later this year I will apply for SS and that will help a lot. At the moment we are living slightly beyond our means but SS will more than cover that. All planned out years ago.
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Old 01-07-2016, 02:50 PM   #24
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Zilch. Nada. Rien. Zero
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Old 01-07-2016, 03:10 PM   #25
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The most important thing to remember in adding this up is

Don't cross the streams
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Old 01-07-2016, 03:25 PM   #26
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I am currently drawing 3 private pensions which is enough to cover our basic needs.

Next year I will begin drawing another private pension and the following year DW will begin drawing her SS. I also will have both UK and US SS to draw at some point over the next 9 years. The private pensions are all old style DB pensions and were not transferable between jobs. It has been a bit of a pain keeping in touch with these former employers going back to 1979 but it has lead to a diversity of 4 DB pension income streams (2 in the US and 2 in the UK) rather than one consolidated pension.
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Old 01-07-2016, 05:06 PM   #27
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My response to the poll reflects my current $600/month pension. At age 62 another pension ~$3500/month will be added. I hope to take SS at age 70 which will add another ~$3000/month.
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Old 01-07-2016, 05:15 PM   #28
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I am not retired yet but I voted with value of Dividend Yield generated by total portfolio.
It is rather high number though not compared to Senator....but I have no tenants to deal with. It is all work/worry free money.
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Old 01-07-2016, 06:11 PM   #29
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Quote:
Originally Posted by rodi View Post
Why are you still working?

Do you plan on handing the management/maintenance of your rentals over to someone else? We manage our one rental ourselves - but it's directly behind our house, newer construction, and we have great tenants... so the work is probably less than 10 hours per year - including cashing the checks and doing the little bit of extra tax entry.

Good question...

It's more of a mental thing now, I set a date before I really knew how much income I was generating. And I paid off a couple more mortgages since then, so the income really added up fast. It's 3-4x what I spend now. I manage and maintain the rentals, it takes 10-20 hours a month, max. Mostly less. But for the income I generate, it's worth it.

I do plan on selling at some point, or having them managed, but for the first few years I think I better do it. I am not going back to work. And if we have a flat stock market for 15 years, I will still be OK. I am going to try FIRE and see how much they interfere with my idea of retirement.

If I really wanted to live large, with a 2% withdrawal rate plus the rentals, I would probably have ~$200K. Of course, if things went bad with that spending rate, I would be screwed.
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Old 01-07-2016, 07:16 PM   #30
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I put myself in the $1001-$3000 range because that's where my net income from the pension is.
No SS yet and can't count the income from my Real Estate sales.
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Old 01-07-2016, 07:22 PM   #31
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DW retired last July and receives $50K/per year between pension and SS. I will retire in 2-3 years with about the same income stream with SS and several pensions. I can take my healthcare with me when I finally say, I'm done -- I'm in an OMY mode. But I'd like to retire in a more positive market environment. Hard to pull the trigger right now. Investments are $700K which we do not plan to touch in the near term. So I think were okay. No debt, house paid for and plan to leave Maryland when I retire for a warmer and tax friendly state.
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Old 01-07-2016, 07:27 PM   #32
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Pension and SS on the late DW's account cover normal annual expenses. That is what I voted.

When I start SS on my account at 70 I will skip one of the poll brackets. I have no clue what I will do with that much money. (More toys??) Until the year I turn 70 I am pulling out the equivalent of the increase to my SS from 401k. I am currently using the extra cash to pay for DS's education and for possible overruns on house construction. DS will be on his own at the end of February and hopefully, the house overruns won't be too painful so that cash will just go into the bank.
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Old 01-07-2016, 07:28 PM   #33
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Big fat zero income stream right now.
+1 not yet 62 so no SS. Have not yet started pension. Since withdrawals and dividends don't count then a big fat zero.
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Old 01-07-2016, 07:41 PM   #34
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Almost $6800.... When your single and live in a low cost area, it is more than enough for my needs.
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Old 01-07-2016, 07:46 PM   #35
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Add me to the Nada gang...
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Old 01-07-2016, 08:34 PM   #36
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I have not seen this mentioned
What bout RMDs from IRAs?
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Old 01-07-2016, 08:39 PM   #37
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RMDs are part of your portfolio or nest egg.

This poll was created because of this post:
Networth Article says $946K NW at 90 percentile

I decided it was an interesting idea - income streams OUTSIDE the portfolio. RMDs move money from the pre-tax side of your portfolio to the after tax side (with an expense of taxes). They are likely part of your withdrawal (at least the tax payment) - but you don't have to spend your entire RMD... that's your choice and decision.
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Old 01-07-2016, 09:31 PM   #38
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What about RMD's on an inherited Roth-IRA?

I've had this for 14 years now and it keep's appreciating, slowly, even with the RMD's paid out.

Also have:

- DW's small pension
- DW's small lifetime annuity
- royalty income from a quarry

Gives us a little over $3,000/mo.

No pension for me and no SS for at least 5 more years.
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Old 01-07-2016, 09:55 PM   #39
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I'm not voting since I'm not retired but when I do retire at a minimum I'll have a pension and ss.

I have 15 years vested right now. If I never worked another day and then collected the pension at age 60 I'd be getting around $12k per year with a yearly 3% cola. My current w-2 income is $60k. My living expenses are around $28k.
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Old 01-07-2016, 10:09 PM   #40
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FERS and Military pensions. Entered a pretax number in the poll.
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