HI Bill
Thinks s/he gets paid by the post
- Joined
- Dec 26, 2017
- Messages
- 2,556
I often wonder about members here...are they still w#rking, FI, FIRE, or other? Here's a poll to try to answer the question, from a numbers perspective!
Do you consider yourself FI if your retirement depends on SS to go the distance?
I personally consider SS and/or a pension an earned benefit, and part of the security in your retirement plan. If you follow the 4% rule and RE, you may not ever need to tap SS, except in the case of a bad sequence of returns. If I don't hit a bad SOR, then I plan to increase my spending when I hit 67 to 70 and start taking SS!Do you consider yourself FI if your retirement depends on SS to go the distance?
Absolutely, if your actual savings, pension and SS is all you need to go the distance. However, if you are "dependent" on things like Market returns to fund your retirement, then I'd question if you are FI or even ready to retire.Do you consider yourself FI if your retirement depends on SS to go the distance?
Been retired for seventeen years now but that includes a five-year period when I "fell off the wagon" and had a job for a while.