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View Poll Results: Excluding Soc Sec, what is/will be your PRIMARY retirement income approach?
SWR/Constant percentage approach 54 35.53%
Supplementing with part-time/sporadic work income as needed 4 2.63%
Norwegian widow, spend dividends & gains, leave principal untouched 14 9.21%
Time based segments, Buckets of Money, Grangaard, etc. 8 5.26%
Essential vs discretionary income, safe investments for essential 4 2.63%
Pension, annuity etc. 63 41.45%
Passive income, from spouse, family, business ownership, etc. 5 3.29%
Voters: 152. You may not vote on this poll

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Old 12-06-2010, 02:37 PM   #41
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This is amazing. In answer to the question,
so far, half of the members here are selecting "pension, annuity, etc."!

That is not the case for me, and I would not have guessed that this poll would turn out like this.
We may well be the last generation to have substantial DB pensions, whether from government or industry. I have several friends receiving pensions from private companies that no longer offer such benefits. For the government, we know that FERS succeeded CSRS in 1984 and the number of workers who have not retired and are eligible for CSRS pensions is rapidly declining.

I know that my wife and I planned our entire strategy around that CSRS pension. Without it, neither of us would be able to retire for many years.
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Old 12-06-2010, 03:25 PM   #42
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For me, SWR, followed by pension/annuity.
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Old 12-06-2010, 05:37 PM   #43
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We may well be the last generation to have substantial DB pensions, whether from government or industry.
I consider it a given, but we'll see...
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Old 12-06-2010, 05:42 PM   #44
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I'm not entirely surprised that SWR and pension/annuity are dominating and neck-and-neck.

However, I am surprised that the other non-pension options have fared so poorly. An FPA article from Dec 09 that someone reposted, and I read recently, said that 80% of FP clients were using an SWR variant before the Great Recession - but that had declined to 40% SWR by the end of 2009. I was assuming buckets, dividends only (or well into old age at least) and other approaches had rapidly gained in popularity. Evidently not with this crowd at least...

The polls are still open, but thanks everyone (so far).
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Old 12-06-2010, 05:52 PM   #45
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I chose the SWR option only because that d*mn Norwegian Widow didn't do a real good job of watching out for those of us fools who thought that bank stocks might carry us AND because your inquiry indicated what source IS/WILL as I have been fortunate enough to have avoided any withdrawals thus far... choosing to supplement my needs with the wonders of eBay
Well, we all know by now your Norwegian Widow (BAC) made a grave error of getting into subprime loans, CDS's, CDO's and all that junk. But then, she got hitched to the rich Uncle Sam, whose generosity surely helped. She's a widow no more.

If eBay helps you that much, dang, maybe I should look into selling too. I have only been a buyer, and have never sold anything. But then, perhaps you have more valuable stuff to sell, while I only own junk.
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Old 12-06-2010, 11:17 PM   #46
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I'm not entirely surprised that SWR and pension/annuity are dominating and neck-and-neck.

However, I am surprised that the other non-pension options have fared so poorly.
That's because the other non-pension options are typically subsets of the SWR or pension option. If a pension makes up 55% or your retirement income and you get the rest via the "Norwegian Widow," then the poll choice is "pension." Right?
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Old 12-07-2010, 02:54 AM   #47
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This survey includes answers that are not mutually exclusive. For example, "Pension/Annuity" maybe part of an overall / primary "SWR/Constant percentage approach" or can include a significant amount of "part time/sporadic work". Is it possible to setup surveys with mutiple choice formats ?
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Old 12-07-2010, 08:29 AM   #48
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That's because the other non-pension options are typically subsets of the SWR or pension option. If a pension makes up 55% or your retirement income and you get the rest via the "Norwegian Widow," then the poll choice is "pension." Right?
That is my situation. My pension is currently 70% and the rest is SWR, but that will change over time as the pensions are not COLA'ed.
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Old 12-07-2010, 08:32 AM   #49
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Originally Posted by obgyn65 View Post
This survey includes answers that are not mutually exclusive. For example, "Pension/Annuity" maybe part of an overall / primary "SWR/Constant percentage approach" or can include a significant amount of "part time/sporadic work". Is it possible to setup surveys with mutiple choice formats ?
Yes, polls can be multiple choice.
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Old 12-07-2010, 08:35 AM   #50
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Yes, polls can be multiple choice.
However, the question here was
Quote:
Excluding Soc Sec, what is/will be your PRIMARY retirement income approach?
So to me, it seems like the poll was set up properly for that question.
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Old 12-07-2010, 10:12 AM   #51
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Originally Posted by obgyn65 View Post
This survey includes answers that are not mutually exclusive. For example, "Pension/Annuity" maybe part of an overall / primary "SWR/Constant percentage approach" or can include a significant amount of "part time/sporadic work". Is it possible to setup surveys with mutiple choice formats ?
It is very difficult to create an elegant and still useful poll.

Ha
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Old 12-07-2010, 12:30 PM   #52
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However, the question here was

So to me, it seems like the poll was set up properly for that question.
Absolutely agree, I was simply answering the member question.
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Is it possible to setup surveys with mutiple choice formats ?
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Old 12-07-2010, 06:23 PM   #53
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Quote:
Originally Posted by obgyn65 View Post
This survey includes answers that are not mutually exclusive. For example, "Pension/Annuity" maybe part of an overall / primary "SWR/Constant percentage approach" or can include a significant amount of "part time/sporadic work". Is it possible to setup surveys with mutiple choice formats ?
That's what was meant by comment 3 in post #1.

Quote:
Comments/caveats:
  1. Soc Sec is not an option because it's almost universal, and a part of most everyone's retirement income. If Soc Sec is your primary source of retirement income, please choose the Pension/Annuity option.
  2. Flexibility seems to be an essential ingredient to any successful retirement income plan, that's understood and assumed for all poll answers (including SWR).
  3. Using various sources is also probably very common, that's understood and assumed with all poll answers as well.
  4. I have deliberately left off OTHER as an option, though there may be others.
The question is what is/will be your PRIMARY source of retirement income as you know it today?
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Old 12-08-2010, 02:50 AM   #54
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ok - thank you. It would be interesting to see what the breakdown of answers would be with a multiple choice format, and the question being "What are/will be your main sources of retirement income as you know it today?".

Quote:
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That's what was meant by comment 3 in post #1.
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Old 12-08-2010, 05:32 AM   #55
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I agree with you Ha.

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It is very difficult to create an elegant and still useful poll.

Ha
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Old 12-08-2010, 12:19 PM   #56
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It is very difficult to create an elegant and still useful poll.

Ha
This one worked as I hoped. If I could figure out a way to add some instructions with the poll, it might help. I put them in post #1, but sometimes folks don't see them, especially when the poll gets beyond page 1. FWIW...
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Old 12-08-2010, 08:03 PM   #57
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I know that my wife and I planned our entire strategy around that CSRS pension. Without it, neither of us would be able to retire for many years.
That was our situation too. Not federal CSRS, but the functional equivalent, since the government I retired from is one of the few with no unfunded pension liability. Without that in hand I wouldn't have dared to retire.
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Old 12-08-2010, 08:07 PM   #58
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That was our situation too. Not federal CSRS, but the functional equivalent, since the government I retired from is one of the few with no unfunded pension liability. Without that in hand I wouldn't have dared to retire.
Some of us will have to be more daring.
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