What's funding your retirement?

[NanoSour]

Retired 4 years ago at 49/47.

50% Military Pension
50% After-tax Acct
IRAs/SS/DB Pension waiting in the wings.

DW resuming her career in the fall after 18 year hiatus to raise 3 offspring. I'll happily continue to hold down the fort.

[523HRR]

Retired at 49 five years ago. Living on Deferred Compensation distributions until DB pensions kick in at 60.

[imoldernu]

Retired @53... 28 years ago in 1989.
No pension.
IRA's... will take the last $$$ in 2018.
SS
Can't speak to the rest, except our $$ nest egg is about the same as the day we retired, so expect we'll have enough. Bonds and a small annuity that we'll take as cash value.
One of the big helps was not having to pay income taxes... yet.

Doesn't cost much to live happy.

[W2R]

Quote:

Originally Posted by 97guns Pension, SS, 401k, IRA or other investment? Are you drawing down on your assets or does your asset generate your retirement income?

Dividends (only, so far) generated from my taxable investments and the TSP; SS; and a tiny pension.

I bridged the gap before SS by living off the other three.

I haven't drawn down my investments as a whole at all, although I have been shifting money from the TSP to taxable each month, for tax/RMD reasons.

[Scuba]

Our sources are:
- Taxable portfolio total return and capital drawdown as needed (invested 70-80% in equities)
- Deferred comp plans from former employer
- IRA's (invested mostly in hard money loans)
- Pension
- SS

[Tom52]

Retired for 3 years and three months now. So far we are spending,
1. Interest from CDs
2. CDs that have matured from my 5 year CD ladder
3. Small inherited IRA that was converted to a 15 year annuity

I will continue this until I reach FRA of 66 in a little over 1.5 years.

Present value of CDs is just less than 20% of total retirement assets. Dividends, capital gains, and interest on the rest of retirement savings are being reinvested.

[I was misinformed]

Retired 3 years, now 61 y.o.

Currently

80% taxable savings
15% small pension
5% odd jobs

Next year

90% big and small pensions
10% taxable savings

Expect to put off spending my 401K and collecting
SS until ~70 y.o.

[audreyh1]

Been living off a subset of our taxable assets since 1999. I'd say we are drawing down those assets, except that so far out net worth has been outpacing inflation, so there isn't any drawing down going on. Most of our income is in capital gains, which is nice because that has a low tax rate.

[texcurtis]

Retired early three years ago at 54. The current plan:
54-56 buy out amount, saved leave amount & non-cola pension
56-62 non-cola pension & supplemental pension for Feds & after tax savings
62-65ish cola pension & before tax investments (TSP)
65ish to SS & cola pension & before tax investments (TSP)

[CyclingInvestor]

Retired 10 years ago at 48. Living on IRA 72t withdrawals (funded by stock dividends) thru this year, when 72t ends and I have more flexability.

[oma]

Quote:

Originally Posted by ponyboy Sounds like pension and taxable accounts are what most people rely on. Good to know The future is bright!

Retired 8 yrs ago at age 47..... That's my situation....thankful for the nice recovery in the market since I left the workforce.

[big-papa]

Turning 56 in about a month.
Not retired yet but informed that the office where I'm working closes in 2 months.
Already interviewing but conceivable that this is the start of FIRE. Hope not, but is OK if so.
Otherwise, goal is to FIRE after my daughter has 1 semester of college to judge expenses at which time I'll be 58 1/2. We think we already have this taken care of but nothing like real data to inform the decision.

- No Pension (wife had one but we cashed it out and rolled it over into her rollover IRA)
- Assets are 40% in taxable accounts 60% in tax deferred accounts
- Live on taxable accounts until 59 1/2
- From 59 1/2 to 70 withdraw from Taxable and rollover IRA's in such a way as to minimize lifetime taxes, especially when RMD's kick in at age 70. Some guidance given when running I-ORP, but need to study all of this more.
- 70 onwards: Social Security + taxable + rollover IRA

For future consideration
- after retirement, consider Roth conversions (if they're still available). Multiple calculators I've run so far tell me this has marginal benefit, if any, in my situation.
- After age 70 depending on assets/health/spending consider a deferred annuity for 85 onwards.

[Koolau]

I guess our's boils down to the traditional 3-legged stool of pension, SS and savings. Most of our monthly expenses are covered by the first two. The latter is for all the fun stuff plus charity.

[Sue J]

Our retirement is funded by DHs pension which is roughly 15% more than our monthly spending.

I have part-time income of $4500-$5000 a year and we save that. I have IRAs that I don't withdraw from and an inherited IRA that I will need to take an RMD this year. We have CDs (3% and 5%) that get reinvested. I'm not taking SS yet, planning to wait until 65 or FRA of 66 and 2 months.

[bignoggins]

Retired 2 years ago (at 32). I put about 80% of my capital into 2 large strip malls, and I'm living off the cashflow. The other 20% is in equities and cash, which I don't plan on touching.

[sanfanciscotreat]

Quote:

Originally Posted by OldShooter Better check on whether you are required to pay estimated taxes on those withdrawals this year. If so, and you wait, you'll get whacked with a penalty next April 15.

Pay 110% of last year's fed tax with this year's estimated payments and no penalty regardless of income.

[fancy free]

Just coming up on our 10-year anniversary of retiring early — what a milestone!

We retired in our 40s, funded by taxable investments, rental property, and a little extra boost from a few side gigs. Sometimes I forget we'll eventually get access to our actual retirement accounts!

[brett]

Went at 59. Golden handshake, DB pension at 62, lucrative stock options exercised, healthy investment portfolio.

[kcowan]

14 years in.
Pensions 56%
Portfolio 44%
Portfolio has been growing since 2008 so gradually increasing gifting.

[YVRRocketSurgery]

Looking to retire in a few years at age 50 but the missus will likely continue working for another 5-8 years.
The plan for this stage is to have dividends and capital gains from my non-registered account to provide a floor level of income in perpetuity to cover my share of our combined spend and for fun stuff. Will also start drawing down from my registered retirement account and either use it for major spends (eg house repairs) or rolling it into the non-registered account after paying the taxes on it. The registered retirement account should be depleted by age 70.

Looking to collect government benefits at age 65.

Looking to start tapping into my DC pension at age 71.