Sources of retirement income

[hankster]

Looking in the crystal ball in 2017 at age 59 1/2:

Non-COLA pension approx. 67%
Portfolio withdrawals 33%

Planning to delay SS until at least full retirement age.
DW gets small pension at age 65.
After taking SS, portfolio would serve as inflation protection against a large drop in standard of living.

Anyway, that's our best laid plan. But who knows what changes may be required as the years progress?

 

[DangerMouse]

...and he's still alive? ...or does DH stand for dead husband now?....

Problem is I couldn't dispute what he was saying. As to selling body parts, unless there is an underground market for fat I doubt I have anything worthwhile to offer. However, it does play out in my favour, as DH is so desperate for me to return my body to the shape he married that I have been able to use the excuse I am too tired after bootcamp workout everyday to do housework and he doesn't mind. Not sure what my house is going to look like after a month, however I think he might be asking that I demand my money back because I don't think I am going to be smoking hot in another 3 weeks.

 

[Free To Canoe]

Retired, age 62:

Social Security	25%
Wellesley dividends	30%
IRA withdrawals	20%
Nude modeling income	10%
"Will work for food" solicitations	8%
Blood plasma sales	2%
Medical research income (chigger itch study participant)	2%
Aluminum can redemptions	2%
Fire ant pelt sales	1%

You just can't find good fire ant pelts north of the mason dixon. Maybe I could start a distributorship?

Free - to pelt

 

[CuppaJoe]

You just can't find good fire ant pelts north of the mason dixon. Maybe I could start a distributorship?

Free - to pelt

Good cat toys? Add a little catnip and I'll order a pound o pelts.

 

[mickeyd]

Retired...sorta.

Pension COLA 80%

DW's pension non-COLA 20%

Temp/PT j*bs 10%

Yea it adds up to more than we need, mostly from w**k that I do from time to time because I still like to add $ to my savings/investments rather than spending it all. (LBYM lives on)

 

[Red_y]

Semi-retired since the fall of 2006, age 51, partner age 50. No pension and SS is a long way off. In 2008:

13% part-time work as a tax preparer
3% summer gig as a field evaluator ("mystery shopper")
84% interest/savings liquid cash asset bucket

Similar figures likely for 2009.

 

[clifp]

Age 49, retired since 1999
Typical year (after last year who know what that is)
Interest 25%
Dividends 37%
Cap gains 28%
Roommate 10%
Pension 0%, Nada, zip.

At age 62 SS will increase my income by 20%. My intention is to take it early and pay it back if that law is still in effect.

 

[Alan]

Plan to RE in January at age 55.

First 7 years should be as follows

Non-Cola Pension 1 66%
Non-Cola Pension 2 6%
Wellesley dividends 22%
Cash draw down 6%

Not sure after that - depends on what happens between then and now

At 62 DW will probably start drawing SS, at 65 I start pension 3 (COLA)
At 66 I will probably start drawing SS

 

[jimnjana]

COLA Pensions spouse and I - 100%

Retired in Nov 08 at 45 years old. Dividends/Interest/Capital Gains/losses are being rolled into CDs and Money Market. Looks like we are spending about 90% of pension income and slowly building a larger cash cushion. We are in holding pattern on major purchases/vacations until we sell some property in NC. Still trying to use quicken for all money tracking purposes and slowly closing some areas where funds "leak" .

Jim

 

[ziggy29]

COLA Pensions spouse and I - 100%

Retired in Nov 08 at 45 years old.

I clearly entered the wrong line of work, or at least picked the wrong employer...

 

[Notmuchlonger]

I clearly entered the wrong line of work, or at least picked the wrong employer...

Probably. How old are you? The military takes past 40 I think now n days. Then again they don't get 100% pension incomes either.

 

[ziggy29]

Probably. How old are you? The military takes past 40 I think now n days.

Even if I wasn't too old, I'm pretty sure I'm 4-F because of my bad knee.

 

[Finance Dave]

47 currently, plan to rehire at 53. Expected income:

Prior to SS @ 67
* SPIA from employer cash balance plan = 20%
* Roth distributions = 10%
* 401k distributions = 50%
* Income from rental property = 10%
* part-time work (thus the term "reHirement" above = 10%)

After SS @ 67
* SS = 30%
* SPIA from employer cash balance plan = 20%
* Roth distributions = 10%
* 401k distributions = 30%
* Income from rental property = 10%
* part-time work = 0

 

[harley]

Currently drawing down cash in addition to interest and dividends.
Starting next year I'll be drawing a 20 year annuity from the lottery ticket I'm buying tomorrow.
After that's gone I'm going to start an escort service.

 

[Khan]

Living on small pension since retirement Dec '04. Most extra goes to charity. Had to buy a car in '07, rebuilding CD and MM since then.