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View Poll Results: Which source provides the most retirement income for you?
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Defined benefit plan, traditional pension
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55 |
41.35% |
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Defined contribution plan, IRA, 401k, 403b etc
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26 |
19.55% |
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Other taxable investments
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41 |
30.83% |
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Real estate, reverse mortgage, rental income etc
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4 |
3.01% |
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Social security
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6 |
4.51% |
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Part time work, lets say less than 20 hours a week
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1 |
0.75% |
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Poll: Which source provides the most retirement income for you?
11-17-2011, 09:05 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Poll: Which source provides the most retirement income for you?
I'm interested to see where ER folks get most of their income. I haven't ERed yet, but when I do about 65% of my earnings will be from various defined contribution plans. Once I reach the official retirement age various social security plans will probably provide most of my income.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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11-17-2011, 09:11 AM
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#2
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,712
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Ours is entirely from our taxable portfolio.
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11-17-2011, 09:11 AM
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#3
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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No one thing listed is the majority. So can't vote.
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11-17-2011, 09:23 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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 Quote:
Originally Posted by gerntz
No one thing listed is the majority. So can't vote.
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We've run into an interesting difference between US and UK English usage..In the UK majority means "most" and not more than half as in the US. Does anyone know how to edit a poll title so I can "Americanize" it.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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11-17-2011, 09:30 AM
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#5
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,712
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Quote:
Originally Posted by nun
We've run into an interesting difference between US and UK English usage..In the UK majority means "most" and not more than half as in the US
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So would the "americanized" version read "Which source provides the most retirement income for you?"
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11-17-2011, 09:35 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by MichaelB
So would the "americanized" version read "Which source provides the most retirement income for you?"
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yep
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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11-17-2011, 09:36 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Perhaps the mods can change the thread title to reflect your intent? And add "Poll:" as a prefix?
__________________
Numbers is hard
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11-17-2011, 09:39 AM
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#8
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,712
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Quote:
Originally Posted by REWahoo
Perhaps the mods can change the thread title to reflect your intent? And add "Poll:" as a prefix?
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Check.
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11-17-2011, 09:46 AM
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#9
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Full time employment: Posting here.
Join Date: Nov 2010
Posts: 628
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I am on the one-more-year fence. I have a multi-legged stool for retirement. Defined benefits will meet needs, even with the early retirement reduction. I assume a 25% reduced social security on top of that that could be a nice bonus. At a 4% rate, defined contributions will add the most to net worth, but other investments could be used to ride out a retirement.
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11-17-2011, 09:49 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Isn't "retirement income from work" (even if only part time) an oxymoron?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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11-17-2011, 09:52 AM
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#11
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Full time employment: Posting here.
Join Date: Mar 2006
Posts: 757
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Like Michael, ours is 100% from investments (too young for SS, earn $200 a month or less from very part-time work and $300 a month from a pension, so not quite 100%, but definitely 99.999%).
But---why is the only choice for this "taxable investments?" We are mostly in muni bonds, so a better choice would have been taxfree investments....
__________________
“It is not a sign of good health to be well adjusted to a sick society”.------Krishnamurti
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11-17-2011, 09:57 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2009
Posts: 5,308
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I had a little difficulty with this as the strictly accurate answer is actually somewhat misleading. That is, most of the income is from an IRA. However, DH had the option of a traditional pension or he could take a lump sum and roll it into an IRA. He chose the lump sum and it is in an IRA but its source was a DB plan.
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11-17-2011, 10:08 AM
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#13
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Where's the "employed spouse & welfare" options? 
BTW, mine's totally from a rollover IRA (e.g. 401(k) to IRA) - another option. That will be replaced for the "most income", from SS when I start to collect in another six years (at age 70).
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11-17-2011, 10:14 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,183
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Quote:
Originally Posted by tangomonster
Like Michael, ours is 100% from investments (too young for SS, earn $200 a month or less from very part-time work and $300 a month from a pension, so not quite 100%, but definitely 99.999%).
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If $200 from part time work + $300 from a pension represents only .001% of your income, you're doing pretty well for yourself!!!
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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11-17-2011, 10:17 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by ziggy29
Isn't "retirement income from work" (even if only part time) an oxymoron?
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yes, sort of. that's why i include the "less than 20 hrs a week"
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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11-17-2011, 10:21 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,183
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Quote:
Originally Posted by ziggy29
Isn't "retirement income from work" (even if only part time) an oxymoron?
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+1
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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11-17-2011, 10:25 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,183
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We're about half pension + SS and half FIRE portfolio withdrawals. I picked taxable investment income as our major source since we haven't hit the IRA's yet and in years when we need a new car or something else major, portfolio withdrawals will no doubt exceed SS + pension.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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11-17-2011, 10:29 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Taxable now at the start, but IRA/Roth IRA in 5 years or so, with SS not really all that far behind depending on when we take it.
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11-17-2011, 10:31 AM
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#19
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by youbet
I picked taxable investment income as our major source since we haven't hit the IRA's yet...
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And assuming they are not Roth's, they will also be taxable  ...
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11-17-2011, 10:33 AM
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#20
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by ziggy29
Isn't "retirement income from work" (even if only part time) an oxymoron?
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Hel*, even an hour a week (or month, or year) is too much  ...
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