How many sources of income do you have?

[SecondCor521]

Over the last twelve months - most are rather small:

1. Amazon gift cards from the Red Cross for donating blood products
2. Spare change from the ground (found a quarter a few days ago)
3. Credit card points (usually convert to travel somehow)
4. Upside cash back ($5.13 yesterday)
5. Interest
6. Dividends
7. Capital gains
8. Credit card SUBs
9. Credit card cash back
10. My E-R.org sponsorship
11. Gifts
12. Tax refunds (some years I have a negative effective rate)
13. Working as a poll worker
14. Class action lawsuit settlements
15. USAA auto insurance dividends
16. Health insurance gift cards for gym membership which exceed the cost of my gym membership
17. Credit card piggybacking

Several of these, of course, are not technically income but are some sort of refund or rebate. The way I do Quicken though they show up as income.

Later:

18. RMDs
19. SS

[Alex The Great]

1. W2 (still working)
2. Interest from savings, CDs and bonds
3. Dividends & capital gains
4. Credit card cash back

[RetireAge50]

Breakdown since Retirement:
20% My pension
30% Wife’s Pension
50% Portfolio Withdrawals

Will change a bit later when SS arrives.

[youbet]

Quote:

Originally Posted by Gumby Only three - pensions, investing, small change I pick up off the ground.

Yep, same. I’m retired too!

[Martlet]

1. 1099-NEC income from part-time consulting
2. 1099-R Drawing one pension
3. 1099-R RMD from inherited IRA
4.withdrawals from UK SIPP

[swakyaby]

Quote:

Originally Posted by badatmath I never get that kind of surprise! Congrats!

Thank you. It was so weird. TD Ameritrade stopped sending any statements in 2012. Mother passed in 2018. Trustee was unaware of an account at TDA because no statements or email from the company. Eventually, Schwab received the account and notified the trustee by email, an account worth over $182K, to be split 4 ways.

[Koolau]

Quote:

Originally Posted by SecondCor521 Over the last twelve months - most are rather small: 1. Amazon gift cards from the Red Cross for donating blood products 2. Spare change from the ground (found a quarter a few days ago) 3. Credit card points (usually convert to travel somehow) 4. Upside cash back ($5.13 yesterday) 5. Interest 6. Dividends 7. Capital gains 8. Credit card SUBs 9. Credit card cash back 10. My E-R.org sponsorship 11. Gifts 12. Tax refunds (some years I have a negative effective rate) 13. Working as a poll worker 14. Class action lawsuit settlements 15. USAA auto insurance dividends 16. Health insurance gift cards for gym membership which exceed the cost of my gym membership 17. Credit card piggybacking Several of these, of course, are not technically income but are some sort of refund or rebate. The way I do Quicken though they show up as income. Later: 18. RMDs 19. SS

Yet another over achiever. I never wanted to w*rk that hard.

[Martlet]

We have about nine income sources that I track. Several of these are annual larger sums. The others are more fun to track, but less significant.
1. 1099-NEC income from part-time consulting
2. 1099-R UK company pension
3. 1099-R RMD from inherited IRA
4. 1099-R withdrawals from UK SIPP
5. W-2 deferred compensation payments from my NQ retirement savings
6. Solar panels SMART incentive payments from Mass State Government
7. Interest from brokerage account fixed income investments
8. Dividends in taxable brokerage accounts
9. Capital Gains from share sales

In future: US Social Security x 2, UK State pensions x 2 , Another UK company pension, RMDs from Trad IRAs.

[Dash man]

My Small non cola pension
My Social Security
Dividends/Interest
Capital Gains
Cash from selling covered calls
Cash back from credit cards
Costco membership rebate
USAA checks twice per year
DW will begin SS in three years

[rk911]

not to pick at nits but "income" to us means $ in our pocket. 100% of investment divs/interest are re-invested...that's wealth building. 100% of our IRA RMDs are sent to a DAF or QCD...tax management and a good cause. we did some tax loss harvesting a week ago in order to pay cash for a new Jeep, but that's a rare occurrence. the last time we did that was in 2015. otherwise our day-to-day incomes are three defined-benefit pensions and two SS.

[COcheesehead]

Quote:

Originally Posted by rk911 not to pick at nits but "income" to us means $ in our pocket. 100% of investment divs/interest are re-invested...that's wealth building. 100% of our IRA RMDs are sent to a DAF or QCD...tax management. we did some tax loss harvesting a week ago in order to pay cash for a new Jeep, but that's a rare occurrence. the last time we did that was in 2015. otherwise our day-to-day incomes are three defined-benefit pensions and two SS.

We spend our interest so to us it’s income. As I indicated up thread, you can decide what is “income” for own situation. It will likely be different for everyone.

[rwdflynavy]

Military pension (COLA)
VA disability (COLA)
Very part time W-2 wage employee
Very part time government contractor employee
Quarterly dividends from taxable account

[PandaBear]

Currently dh and I have:
Two pensions (one from private corporation and one education, both 100% survivor)
1 education annuity (from extra work I did in education, has 9 more years)
Social security (only dh)
Me working a little

We have retirement savings but not currently accessing them).

[Car-Guy]

I consider anything that increase my investable and cash NW as income. If it's not at least 1k a year, I don't really count it or think much about it.

1 tIRA (Tax deferred and invested in fixed income)
1 401k (Tax deferred and invested in fixed income)
2 streams from SS

[jollystomper]

I do not consider cash back or rebates as "income". I see them as "discounts" against the money you are spending to gain said cash back or rebate. If you did not spend the money, you would not get them, as opposed to "real" income. In addition, one does not declare these items as "income" on one's tax returns. Just my view .


The only exception would be things like depositing a set amount in a bank account for a set period to gain some cash award. You are not spending your money to do this. But you do have to declare the cash award as income.

I try to keep things simple in retired life, so I view my sources as:
- Pension
- DW SS
- Interest income (taxable and non-taxable)
- Dividend income (taxable and non-taxable)
- Capital gains (taxable and non-taxable)
- Very sporadic W-2 or 1099 income for DW and I (we never plan on this, but since both our retirements one or the other or both have received some income from these sources).

Only stream not yet tapped is my SS, which will also trigger DW spousal SS (which will be almost triple her own SS).

[Exit 2024]

For us:
2xW2 (still working)
Rental
Int/Div/CapGains

Interesting that many mentioned CC Cashback, I never looked at that as income but rather as discount on our CC purchases, same as coupons that we use in the stores.
On other hand although it is not huge but still is not a small change, per Quicken we are averaging $2.5k per year for last 8 years.

[O2Bfree]

Quote:

Originally Posted by badatmath I found a dime on my walk today does that count.

You are richer in that you were paying attention to your surroundings and not glued to your phone.

[scrabbler1]

Quote:

Originally Posted by jollystomper I do not consider cash back or rebates as "income". I see them as "discounts" against the money you are spending to gain said cash back or rebate. If you did not spend the money, you would not get them, as opposed to "real" income. In addition, one does not declare these items as "income" on one's tax returns. Just my view .

A few years ago, before the 2017 tax law change, some years I was itemizing my federal deductions which included my state income and local property taxes. Some of the property taxes I paid were refunded in the following year. Unfortunately, this rebate was considered by the IRS as ordinary income, not an offset to Schedule A taxes paid (unfair IMHO). This reduced my ACA premium subsidy because it raised my MAGI even though it didn't increase my ACA premium subsidy the year I (over)paid the taxes.

Eventually, I was able to start getting these rebates in the same year as I paid the property taxes. But, it became moot when I was able to stop itemizing before that.

[O2Bfree]

Me:

• Interest, divs, cap gains
• For about 7 more months, payment on a promissory note I inherited when my mom died
• RMD from inherited IRA
• I also have a micro-pension coming when I'm 65, around $375/month.
• Bucks here and there from selling off my parent's things.
• Occasional cash from new credit card offers
• SS eventually

DH:

• Interest
• SS
• Pension coming from his job with the City.
• Profit from flipping military and gun-related items found at thrift stores and sold at gun shows

Also cash back on CCs and the occasional gift card for blood donations.

[EastWest Gal]

Interest, from treasuries and investment accounts
Dividends
Capital gains from equities sold from taxable to meet our expenses.
DH's income from music gigs (a few thousand/year)
Occasionally income from a music gig (small)
RMD from inherited IRA (a few thousand/year)

Starting in 2027:
SS and DH's spousal (I was the bring-home-the-bacon spouse)
Income from the family orchard (no income for a few years due to replanting)

Starting in 2032: My RMDs.