Join Early Retirement Today
View Poll Results: What is the source of your ER funds?
Savings from LBYM 51 33.77%
Savings and pension 44 29.14%
Savings and inheritance 7 4.64%
Savings, pension and inheritance 11 7.28%
Other (please explain) 6 3.97%
I haven't retired yet, I'll let you know then 32 21.19%
Voters: 151. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Where did your ER funds come from?
Old 03-19-2007, 01:24 PM   #1
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
Where did your ER funds come from?

Please identify the source of the funds upon which you rely in retirement.
__________________

__________________
JustCurious is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Where did your ER funds come from?
Old 03-19-2007, 01:50 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,432
Re: Where did your ER funds come from?

retired last year at 48

89% IRAs rolled over from maxed out 401ks since 1983
11% other savings from LBYM
__________________

__________________
learn, work, save, invest, fire
CyclingInvestor is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 01:54 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Re: Where did your ER funds come from?

Employee stock options in MegaCorp. (I bet they never thought the stock would soar, or us peons wouldn't have been granted options.)
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 02:27 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
Re: Where did your ER funds come from?

45% DBP Lump Sum Payout
35% 401K (which has 25% of additional After Tax Contributions)
20% LBYM After Tax Savings

Yup, I was a SUPER SAVER and as a result, I anticipate a very nice lifestyle going forward

Also, have 80% equity in McMansion which when I downsize to free & clear will add quite a few more dollars to the "After Tax Bucket"
__________________
crazy connie is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 07:57 PM   #5
Thinks s/he gets paid by the post
Goonie's Avatar
 
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,198
Re: Where did your ER funds come from?

My Net pension will equal 82-83% of my current Net pay....which, since I LBMM, will be more than enough to live on AND continue to invest! Shouldn't need to tap any investments unless I want to really splurge on something years down the road...or a major catastrophe occurs.
__________________
Goonie is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 07:59 PM   #6
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
Re: Where did your ER funds come from?

Goonie:

That is one sweet pension.

Are you a govenment employee ?

__________________
MasterBlaster is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 08:13 PM   #7
Thinks s/he gets paid by the post
Goonie's Avatar
 
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,198
Re: Where did your ER funds come from?

Quote:
Originally Posted by Masterblaster
Goonie:

That is one sweet pension.

Are you a govenment employee ?
Yep....Municipal! We have a VERY good pension fund...IMRF...it is 103% funded.....unlike ANY other IL public pensions. http://tinyurl.com/3eytpg

The only deductions from my monthly pension are Fed tax and health insurance premium....Sweet!!! 8)
__________________
Goonie is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 08:19 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Where did your ER funds come from?

All over the map the first 11 years.

Post Katrina - now that I've come of age(over 62):

24% early SS, 16% non cola pension and 60% LYBM savings at 4% and still planing to jump to 5% varible before the end of the year - if I can overcome my 'cheap tendencies'.

heh heh heh 8).
__________________
unclemick is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 08:46 PM   #9
Full time employment: Posting here.
Dog's Avatar
 
Join Date: Apr 2006
Posts: 781
Re: Where did your ER funds come from?

Not retired yet, but it is getting closer all the time. Here is our current breakdown:

51% - roll over from lump sum distribution/buyout of pension
42% - 401K (both DH and mine)
7% - cash from LBYM

This does not include husbands pension - FERS (the amount will depend on whether he REs or not).

__________________
"Tell me, what is it you plan to do with your one wild and precious life?" - Mary Oliver
Dog is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-19-2007, 08:48 PM   #10
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
Re: Where did your ER funds come from?

Two years and a bit:

First year pension was about 1/3 of previous pay

Second year up to about 40%

Partly COLA from now 'til age 62

Pension drops at age 62

Haven't yet gone into CDs or TSP

Was still saving money in 2006
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 06:22 AM   #11
Thinks s/he gets paid by the post
Outtahere's Avatar
 
Join Date: Sep 2005
Posts: 1,677
Re: Where did your ER funds come from?

Not retired yet, no pension.

husbands SSI and small pension
My SSI, 401k and investments which will be about 1/3 each.
__________________

Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
Outtahere is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 06:33 AM   #12
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: Where did your ER funds come from?

I'm not there yet, but I do diligently play the lottery every week, so I should be able to call it quits very soon.

__________________
saluki9 is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 07:15 AM   #13
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Re: Where did your ER funds come from?

75% real estate
25% mega corp 401k


FIRE'd at 43
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 08:18 AM   #14
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
Re: Where did your ER funds come from?

Listened to Grandmother and used the "3 legged stool":

Savings: 37.5% (yeah all fixed CD's)
Pension: 37.5% (Military, Cola'd and Tricare for Life)
Social Security: 25% (stating at 62 too).

Kind of "against the grain, but it has worked for about 25 years"

OAG
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 08:24 AM   #15
Recycles dryer sheets
 
Join Date: Dec 2005
Posts: 209
Re: Where did your ER funds come from?

About 40% inheritance, 60% savings. I figure inheritance got me to my desired level of FI about 6 years sooner than I would be otherwise (42 instead of 48). What I mean is that I was technically FI before receiving any inheritance, given that I could have retired on my savings alone, just not at a level I desired to live.
__________________
bbuzzard is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 08:30 AM   #16
Thinks s/he gets paid by the post
happy2bretired's Avatar
 
Join Date: Mar 2007
Location: Nebraska
Posts: 1,337
Re: Where did your ER funds come from?

65% pension
35% investments
__________________
happy2bretired is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 08:45 AM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Re: Where did your ER funds come from?

Almost there....
3.3% recent inheritances
1% honey's werking in the salt mines IRA
95.7% real estate/$$ from real estate
? SSI? maybe if we want to buy a parakeet and feed it...

Diversity R not us.
__________________
calmloki is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 10:28 AM   #18
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Where did your ER funds come from?

We are FI...just waiting for ER in a month or so.

We got there through a long series of small moves.

No inheritance other than my late wife's IRA.
My IRA rolled over from my previous company 401k

Current 401k
DW 401k

Very small pension for me and DW (gas and beer money but I will take it)

Bought and sold over 8 houses and other properties in the last 30+ years...made some ....lost some.

Saved $$ from paychecks and invested in various funds, stocks and bonds. Lost some...made some.

Live below our means. Creates cashflow for buying stuff with cash and not on loans and creates the fuel for investment purchases and long term growth.

Only debt is the house mortgage which is less than 25% of the equity.

SS will add some to the kitty and will help reduce draws on investment accounts allowing them to grow a bit more before we tap them at 70.5
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 12:36 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,449
Re: Where did your ER funds come from?

Other: Stock options that didn't go sour.

Audrey
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Re: Where did your ER funds come from?
Old 03-20-2007, 12:59 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: Where did your ER funds come from?

A tip of the hat to those who are FIRE based on 100% personal savings generated by LBYM and current or future SS! Without the cushion of pensions, inheritances, lottery winnings, etc., you guys are the real stuff!

I'm RE and living off of about 40% dbp pension/60% portfolio. Portfolio percentage will increase in years where we make a major expenditure, such as a car. Still noodling whether to start SS at 62 or later.

Even pensions that cover less than half of our expenses are a huge help. I love reading about how you folks doing it on 100% portfolio manage things as my kids and their peers will be in that situation.
__________________

__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sweeping funds from Solo 401K to an IRA samclem FIRE and Money 10 11-24-2008 06:16 PM
My 401k's expense ratios, Bogle, lowest-cost quartile data for stock funds? Dude FIRE and Money 19 02-07-2007 02:17 PM
Index funds beat most active funds JustCurious FIRE and Money 57 10-23-2006 12:14 PM
Vanguard Adding More Target Retirement Funds Lusitan FIRE and Money 23 03-21-2006 07:17 PM
Low cost funds into ETFs? Olav23 FIRE and Money 26 07-06-2005 10:42 PM

 

 
All times are GMT -6. The time now is 07:46 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.