Luck_Club
Full time employment: Posting here.
- Joined
- Dec 5, 2016
- Messages
- 733
The financial industry keeps pushing the 70%-80% of your pre-retirement income is needed for a safe and secure retirement. This group is proof that isn't a true statement since many on this forum live on small percentages of the pre-retirement income.
So my hypothesis is that all members have lived below their means during their working years. Furthermore, one could deduce that a high number of the members actually are earning 100% or more of their pre-retirement income, even if they are spending very little of it.
So using your average peak earning year's wages, what is the percentage that you are earning in retirement from all sources:
SS
Pensions
Rents
Minimum required distributions
Net Capital Gains
So my hypothesis is that all members have lived below their means during their working years. Furthermore, one could deduce that a high number of the members actually are earning 100% or more of their pre-retirement income, even if they are spending very little of it.
So using your average peak earning year's wages, what is the percentage that you are earning in retirement from all sources:
SS
Pensions
Rents
Minimum required distributions
Net Capital Gains