View Poll Results: What is the source of your ER funds?
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Savings from LBYM
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51 |
33.77% |
Savings and pension
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44 |
29.14% |
Savings and inheritance
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7 |
4.64% |
Savings, pension and inheritance
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11 |
7.28% |
Other (please explain)
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6 |
3.97% |
I haven't retired yet, I'll let you know then
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32 |
21.19% |
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Where did your ER funds come from?
03-19-2007, 12:24 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Where did your ER funds come from?
Please identify the source of the funds upon which you rely in retirement.
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Re: Where did your ER funds come from?
03-19-2007, 12:50 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,708
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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
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Re: Where did your ER funds come from?
03-19-2007, 12:54 PM
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#3
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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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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 ..
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Re: Where did your ER funds come from?
03-19-2007, 01:27 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
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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"
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Re: Where did your ER funds come from?
03-19-2007, 06:57 PM
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#5
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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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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.
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Re: Where did your ER funds come from?
03-19-2007, 06:59 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Re: Where did your ER funds come from?
Goonie:
That is one sweet pension.
Are you a govenment employee ?
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Re: Where did your ER funds come from?
03-19-2007, 07:13 PM
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#7
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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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Re: Where did your ER funds come from?
Quote:
Originally Posted by Masterblaster
Goonie:
That is one sweet pension.
Are you a govenment employee ?
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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)
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Re: Where did your ER funds come from?
03-19-2007, 07:19 PM
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#8
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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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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).
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Re: Where did your ER funds come from?
03-19-2007, 07:46 PM
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#9
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 880
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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
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Re: Where did your ER funds come from?
03-19-2007, 07:48 PM
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#10
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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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..."
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Re: Where did your ER funds come from?
03-20-2007, 05:22 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Sep 2005
Posts: 1,677
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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
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Re: Where did your ER funds come from?
03-20-2007, 05:33 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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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.
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Re: Where did your ER funds come from?
03-20-2007, 06:15 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
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Re: Where did your ER funds come from?
75% real estate
25% mega corp 401k
FIRE'd at 43
__________________
FIRE'd since 2005
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Re: Where did your ER funds come from?
03-20-2007, 07:18 AM
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#14
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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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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
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Re: Where did your ER funds come from?
03-20-2007, 07:24 AM
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#15
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 209
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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.
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Re: Where did your ER funds come from?
03-20-2007, 07:30 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Location: Nebraska
Posts: 1,543
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Re: Where did your ER funds come from?
65% pension
35% investments
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Re: Where did your ER funds come from?
03-20-2007, 07:45 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: Jan 2007
Location: Independence
Posts: 7,298
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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/$$ from real estate
? SSI? maybe if we want to buy a parakeet and feed it...
Diversity R not us.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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Re: Where did your ER funds come from?
03-20-2007, 09:28 AM
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#18
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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Re: Where did your ER funds come from?
We are FI...just waiting for ER in a month or so.
We got there through a long series of small moves.
No inheritance other than my late wife's IRA.
My IRA rolled over from my previous company 401k
Current 401k
DW 401k
Very small pension for me and DW (gas and beer money but I will take it)
Bought and sold over 8 houses and other properties in the last 30+ years...made some ....lost some.
Saved $$ 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.
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Re: Where did your ER funds come from?
03-20-2007, 11:36 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Re: Where did your ER funds come from?
Other: Stock options that didn't go sour.
Audrey
__________________
Retired since summer 1999.
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Re: Where did your ER funds come from?
03-20-2007, 11:59 AM
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#20
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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: 13,186
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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
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