That's what I was getting at, my pension and both our SS benefits will at most provide 17% of our income. Planning to rely almost entirely on a nest egg is a different world, but one that more and more people are having/will have to face. My parents retired in the "golden age" of retirement with COLA'd pensions, COLA'd Soc Sec and full healthcare. And some here seem to be pretty carefree about the future, sometimes I wonder if this is why...Thanks for the poll, Midpack. I wish there were an option for zero. ;-)
Retirees who have 60%-100% of their basic living expenses (and possibly their health care) covered are in quite a different boat from those who don't.
That's what I was getting at, my pension and both our SS benefits will at most provide 17% of our income. Planning to rely almost entirely on a nest egg is a different world, but one that more and more people are having/will have to face. My parents retired in the "golden age" of retirement with COLA'd pensions, COLA'd Soc Sec and full healthcare. And some here seem to be pretty carefree about the future, sometimes I wonder if this is why...
lf it is an annuity that you purchased rather than one given by a former empoyer, I would assume that would be counted under investments.What about annuities? For those of us that have or are thinking about annuitizing a portion of their portfolio does that fit into this?
0% at this time - I will get a small pension at 55 that will be about 17% of current expenses and SS at 62 will add about another 30% of current expenses. It will be interesting to see how inflation vs non-cola pension/SS works out.....