East Texas
Full time employment: Posting here.
- Joined
- Dec 29, 2010
- Messages
- 746
Now, let's think about that statement. We're guaranteed 4% a year on the IRAs, which has been the target earnings rate in my planning scenarios. Because we are debt-free and able to live below our means, we can live on pensions OR IRA/SPIA income OR social security. Pensions and social security have an inflation factor.If you don't play, you can't win! Hope inflation doesn't eat you alive in 10 years.
We both have retiree health insurance and LTC. I can't say all the bases are covered; however, multiple versions of the financial plan tell me we're OK. I've even figured in a surviving spouse in the scenarios.
I'm not bragging at all... I took a hard hit in 2008 and it took patience and time to stabilize that part of our plan. I'll never go through that again.
The difference now is I can sleep at night....and that, my friend, IS priceless.