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View Poll Results: Which retirement benefits do you have (plan on having)?
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Pension (non-COLA) & Soc Sec
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37 |
13.91% |
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Pension (COLA) & Soc Sec
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12 |
4.51% |
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Retiree Health Care & Soc Sec
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11 |
4.14% |
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Pension (non-COLA), Retiree Health Care & Soc Sec
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54 |
20.30% |
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Pension (COLA), Retiree Health Care & Soc Sec
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63 |
23.68% |
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Soc Sec
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89 |
33.46% |
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11-26-2008, 10:00 AM
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#61
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Already retired from the National Guard, just waiting till age 60 to collect my cola pension and health bennies.
Got 13 years in the fed system, so vested in pension here too as well as health care.
Hope SS is still around in 20 years.
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11-26-2008, 10:07 AM
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#62
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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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Sure, as long as you don't rub it in our noses... 
__________________
"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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11-26-2008, 10:42 AM
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#63
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
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Lots of responses already - 167 in just 29 hours.
Conventional wisdom says that we'd see significant differences if we split the responses by age. I'd be curious to see if that is true for this group.
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11-26-2008, 11:37 AM
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#64
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,204
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Colad pension, 2 non colad pensions, SS and health care.
All are small but they do add up to a comfortable retirement.
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11-26-2008, 12:02 PM
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#65
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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 Quote:
Originally Posted by Independent
Lots of responses already - 167 in just 29 hours.
Conventional wisdom says that we'd see significant differences if we split the responses by age. I'd be curious to see if that is true for this group.
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I would like to see a poll by age and other factors. I suspect it would have to be several polls - maybe those drawing SS and have or do not have a DB, fully retired, still working full time, part time. I guess next would be individual ages (ie 62, 63-65, over 65). I guess then maybe other age groups (ie 40-44, 45-49, etc).
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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11-26-2008, 01:15 PM
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#66
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by OAG
I would like to see a poll by age and other factors. I suspect it would have to be several polls - maybe those drawing SS and have or do not have a DB, fully retired, still working full time, part time. I guess next would be individual ages (ie 62, 63-65, over 65). I guess then maybe other age groups (ie 40-44, 45-49, etc).
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Eventually we'll get the poll granularity to the point where every poster will fit in exactly one slot...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-26-2008, 03:18 PM
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#67
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,305
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Quote:
Originally Posted by Alan
No offence taken (assuming I am one of the SIRE folks - what does SIRE maen?  ) Good poll, thanks for doing it. |
I stole it from an earlier post, thought is was clever:
Quote:
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Originally Posted by tangomonster
I don't know if I would feel as "independent" if I was relying part/most/all on a pension and subsidized health care, but I might feel more secure! Instead of FIRE, maybe SIRE (secure income, retire early)?
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-26-2008, 03:20 PM
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#68
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,305
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-26-2008, 03:38 PM
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#69
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Quote:
Originally Posted by Nords
Eventually we'll get the poll granularity to the point where every poster will fit in exactly one slot...
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Right - let's not get to the point where we have to rewrite the history of drier sheets, send back our secret decoder rings or reveal the secret of:
walking both directions uphill , barefoot, over hot coals.
Pssst - Wellesley got it? nod nod wink wink.
heh heh heh -  Oh and one more thing - sanity is not a requirement to ER.
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11-26-2008, 03:49 PM
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#70
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by unclemick
Right - let's not get to the point where we have to rewrite the history of drier sheets, send back our secret decoder rings or reveal the secret of:
walking both directions uphill , barefoot, over hot coals.
Pssst - Wellesley got it? nod nod wink wink.
heh heh heh - Oh and one more thing - sanity is not a requirement to ER. |
Maybe a result. 
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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11-26-2008, 05:03 PM
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#71
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Full time employment: Posting here.
Join Date: Mar 2007
Location: Anchorage
Posts: 731
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I don't qualify for SS because I didn't work 10 full years before starting a State job that didn't pay into SS.
Plus my DB pension has 1/4 COLA, then half COLA (based on local CPI), and that adjusting doesn't start for a few more years (based on my age).
So I didn't vote.
But I'm only one person, so who cares. I just posted this because I don't think it's generally know how many of us non-SS people are out here.
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11-26-2008, 07:24 PM
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#72
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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Quote:
Originally Posted by Midpack
That's why I did the poll. When asking about the financial aspects of retirement here, knowing what benefits the poster has would make a world of difference. Someone with no pension or health care (like me) is faced with entirely different circumstance than someone else with a COLA'd pension and retiree health care
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Midpack, I couldn't agree with you more. I feel fortunate to be eligible for SIRE. If I was having to go it on my own I would be viewing this downturn from an entirely different perspective. I wouldn't feel comfortable giving up a well paying job without being SIRE.
I admire those who are "on their own" and are drawing 4% and hoping for the best.
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11-26-2008, 07:29 PM
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#73
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Quote:
Originally Posted by unclemick
.....walking both directions uphill , barefoot, over hot coals.
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....through the 4' deep snow.....in July! 
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11-27-2008, 12:42 AM
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#74
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Recycles dryer sheets
Join Date: Nov 2006
Posts: 321
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Me: Still working, age range 45-49
Retiree medical benefits - revoked several years ago for those not already retired
Non-COLA pension - frozen a couple years ago, but I probably shouldn't cross it out even though I will only get a very modest amount
SS - I qualify for SS but don't factor it into my SWR calculations, just in case (see status of above two items)
Retirement planning is tough when the rules keep changing!
--Linney
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11-27-2008, 06:04 PM
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#75
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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ah, i can see you've been to upstate NY in the summertime.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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11-28-2008, 12:11 AM
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#76
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Full time employment: Posting here.
Join Date: Dec 2005
Posts: 567
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I will only have SS and not a lot of it about 1,200 from the statements I get. Very scary and I am already 60. I have a roommate/boyfriend now but he is on notice that if he screws up again he is out. I required he quit drinking this week and so far I think he has, if he drinks again he can find another place to live.
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11-28-2008, 10:53 AM
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#77
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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As a fed employee retiree (4 yrs from now):
COLA Defined Benefit Pension
TSP (401K without matching)
Health Care bennies
Reduced SS (Windfall Elimination Provision, probably collect mby $350 mo.)
Whatever accumulates in my ROTH
As a military reservist retiree (9 yrs from now at age 60):
Military pension with COLA
Option to use TriCare if I want to, but probably won't.
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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11-28-2008, 11:44 AM
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#78
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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DH will have a DB COLAed pension (state pension system) with health care. He just reached 25 years of service and if his job lasts he hopes to stay another 5 years and retire in 5 years/30 years of service at age 58. He can start collecting the pension with 25 years at age 55 but it's reduced a lot if you have less than 30 years.
I'll get minimal SS, I was a SAHM and went back to work part-time to complete my SS credits.
DH will take the reduced pension payment with benefits to the surviving spouse. It looks like this will cover our basic living expenses and then I'll get the small SS at 62, or later if we can do without it.
DH needs another 5 SS credits, so if he ever completes that he'll be eligible for SS but it will be greatly reduced by WEP.
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11-28-2008, 04:24 PM
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#79
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Poll left me out, I think. , Therefore no vote.
Where does a DC pension fit? I didn't notice many or any responses for DC.
One caveat, I live and worked in Canada. I have:
- DC pension fund which I think of as savings
- Savings
- Cdn CPP (like ss) maybe $6K/year
- Cdn socialized health insurance (wait long enough and you'll be treated)
- Mega-corp out of country health benefits, covers emergency treatment when OOC to lifetime max of 1 mega-buck
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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11-28-2008, 06:16 PM
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#80
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,015
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I retired with a non-COLA'd DB pension from MegaCorp at age 55 after 31 years of service -- received additional credits so pension is figured as of age 62. ANd have supplemental benefit that will expire at age 62 to be replaced by SS.
Health care insurance till age 65 -- I pay 80% of any increases in costs to MegaCorp until I turn 65, then on to Medicare.
Hoping for SS.
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