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Old 06-01-2009, 10:05 PM   #21
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Originally Posted by REWahoo View Post
Retired, age 62:
Social Security25%
Wellesley dividends30%
IRA withdrawals20%
Nude modeling income10%
"Will work for food" solicitations8%
Blood plasma sales2%
Medical research income (chigger itch study participant)2%
Aluminum can redemptions2%
Fire ant pelt sales1%

Let's be honest at your age nude modeling is more like 1 % unless you live in Florida and then it may be 4% plus whatever they tuck in your speedo !
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Old 06-01-2009, 10:06 PM   #22
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Let's be honest at your age nude modeling is more like 1 % unless you live in Florida and then it may be 4% plus whatever they tuck in your speedo !
Speedo? Speedo? I don't need no stinkin' Speedo...
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Retired in 2005 at age 58, no pension
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Old 06-01-2009, 10:07 PM   #23
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Sample photo from modeling portfolio?
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Old 06-01-2009, 10:09 PM   #24
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Sample photo from modeling portfolio?
Sure. See my profile page.
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Old 06-01-2009, 10:11 PM   #25
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Sure. See my profile page.
And your agent has not gotten you into the film industry yet?
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Old 06-01-2009, 10:14 PM   #26
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That sure is one big profile you got there...Wahoo...
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Old 06-01-2009, 10:14 PM   #27
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Speedo? Speedo? I don't need no stinkin' Speedo...

Yikes , You are not embarrassing this forum by wearing boxers are you
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Old 06-01-2009, 10:35 PM   #28
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Quote:
Originally Posted by REWahoo View Post
Retired, age 62:
Social Security25%
Wellesley dividends30%
IRA withdrawals20%
Nude modeling income10%
"Will work for food" solicitations8%
Blood plasma sales2%
Medical research income (chigger itch study participant)2%
Aluminum can redemptions2%
Fire ant pelt sales1%
And it does add up to 100%. Maybe he is serious!
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Old 06-01-2009, 10:41 PM   #29
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May get higher income by combining nude modeling with chigger itch study?
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Old 06-01-2009, 10:48 PM   #30
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"Not so young anymore" dreamer. Age 47. Two years ago I was targeting Friday this week as my FIRE date (day before DD's HS graduation - or perhaps the end of the month). Mr Market kinda got in the way of that plan, and megacorp asked me to stick around, so I agreed (but would most likely survive ok if I left now).

Targeting no capital gain withdrawls. Cap gains distributions will be re-invested. If the interest on my Munis hold, and assuming about 2% average dividends on my equity holdings, then:


75% muni bond interest (I hold the bonds, not bond funds)
25% equity (incl small amount of REIT) dividends

Was targeting AA of 50/45/5, but I may end up going with 45/45/10, we'll see how things unfold on various fronts.

The plan shows a 3.5% cash throw total, but I am targeting a 3% (or hopefully less) SWR for the first few years. Whatever cash is thrown off in excess of that 3% will be re-invested in the earliest years. If my investent balance grows faster than inflation (and I keep my AA up properly) then I may boost my WR a little after a few years of FIRE experience.

Based on the above, I will have a very small, if any, tax bill. If SS is still around in 15 years, I am very likely to take it at 62, reduced benefit notwithstanding. I will be icing on the cake.

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Federal Pension
Old 06-02-2009, 05:28 AM   #31
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Federal Pension

Retired, Age 55

Federal Pension, Full COLA: 100%
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Old 06-02-2009, 07:38 AM   #32
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Retired-Age 48, 2008 actual numbers:

48% Tax-free interest income
32% Taxable dividend & interest income
15% Taxable option premium income
6% Salary from p-t job (also investor in company-didn't intend to "work")

"Net Income" 25% of total. In other words, I spent 75% of the income.
Hello 45th,
I'm not yet retired, so still working on the best way to fund my retirement. I noticed you mention 48% Tax-free interest income. If you don't mind me asking, are you accomplishing this feat with muni bonds? If so do you use bond funds or individual bonds.
Very interested in muni's & trying to learn,
Thanks Steve
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Old 06-02-2009, 10:13 AM   #33
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Retired, Age 55

Federal Pension, Full COLA: 100%
Ah, CSRS. Those were the days...
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Old 06-02-2009, 10:28 AM   #34
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Hello 45th,
I'm not yet retired, so still working on the best way to fund my retirement. I noticed you mention 48% Tax-free interest income. If you don't mind me asking, are you accomplishing this feat with muni bonds? If so do you use bond funds or individual bonds.
Very interested in muni's & trying to learn,
Thanks Steve
I'm a muni lover myself (VWAHX, VNYTX).
There's a past thread that went wended its way into munis (and a few other things).
Where to put Wellesley?
See if that helps you out.
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Old 06-02-2009, 10:39 AM   #35
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Retired 2001 (now 63)
DW retired 2004 (now 60)

Income measured against aggressive '09 expense budget:

COLA'd pensions - 62.6%
non-COLA'd pension - 2.4%
SS - 19.1%
Div/withdrawals - </= 15.9% (as needed; our incentive to LBYB[B=budget])
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Old 06-02-2009, 11:18 AM   #36
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This thread is illustrating an interesting disconnect that I've noticed on this forum for many years: most of the retired members use pensions and social security for a large portion of their income; most of the young dreamers are planning on retireing with neither of those things.
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Old 06-02-2009, 11:55 AM   #37
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Retired

Pension (COLA) - 65% for now
2nd job - 45% most of which we're saving

At age 62 my pension drops by the amount of SS income so if I'm still working I'll delay SS until I quit that job. Or, DW just graduated with her BA and is looking for a job. If she finds one she likes I may quit my job because I work evenings.
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Old 06-02-2009, 12:05 PM   #38
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Retirement Goal 2014 (age 58):
Wife SS: 15%
Pension: 20%
Portfolio Withdrawls:50%
4 yr temporary savings fund: 15%

2018 Age(62)
DW SS: 15%
My SS: 15%
Pension: 20%
Portfolio: 50%

For purposes of Social Security I have built in a discount of 40 percent of payouts as presently advertised.
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Old 06-02-2009, 03:36 PM   #39
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Retired, age 62:
 
Nude modeling income
"Will work for food" solicitations
Blood plasma sales
Medical research income (chigger itch study participant)
Aluminum can redemptions
Fire ant pelt sales
Before we retired and DW was anxious about leaving her job, we were driving to WV to see what progress had been made on the new house. Lamenting "What am I going to do?" at the same time we were passing a bar with nude dancers with a "dancers wanted" sign out front I suggested that as an employment possibility.

She was most emphatically not amused.
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Old 06-02-2009, 05:08 PM   #40
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Hello 45th,
I'm not yet retired, so still working on the best way to fund my retirement. I noticed you mention 48% Tax-free interest income. If you don't mind me asking, are you accomplishing this feat with muni bonds? If so do you use bond funds or individual bonds.
Very interested in muni's & trying to learn,
Thanks Steve
Steve,
The vast majority is Vanguard High Yield Tax Exempt, VWALX. A little higher credit risk, but tolerable to me. Individual bonds would be too much hassle for me and Vanguard's expense ratio is only .08%
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