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How many sources of income do you have?
Old 06-07-2023, 07:21 AM   #1
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How many sources of income do you have?

I am pretty geeky when it comes to tracking income and expenses. Some may find it tedious, I enjoy it. I update a spreadsheet once a month over a cup of coffee.

I receive my retirement income from the following:
Tax free interest
Taxable interest
Capital gains
Dividends
eBay
Credit card points in cash
Paid research
A part time W2 job
Cash back apps - 2 of them
RMDs from a small inherited IRA
Asset sales - Facebook Marketplace and such

So a total of 11 sources.

How about you?
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Old 06-07-2023, 07:30 AM   #2
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Only three - pensions, investing, small change I pick up off the ground.
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Old 06-07-2023, 07:34 AM   #3
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Only three - pensions, investing, small change I pick up off the ground.
I no longer pick up money on the ground. It is not worth bending my rigid body to pick up a penny, and a $10 bill might be a trap by someone to make a video.
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Old 06-07-2023, 07:34 AM   #4
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Only three - pensions, investing, small change I pick up off the ground.
I forgot about change. So maybe I have 12
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Old 06-07-2023, 08:07 AM   #5
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IRA withdrawals, and Roth IRA conversions, plus the nickels and dimes from checking/CMA interest on the funds we transfer from IRAs.

Looking more likely that we'll have social security income when we hit 70 in '30 and '31, but still not including it in planning. (Will go to grandchildren education, most likely.)

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E.T.A. So, basically 1 source for now.
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Old 06-07-2023, 08:20 AM   #6
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Between my wife and I we have:

4 private company pensions
2 US SS pensions
2 UK SS pensions
Interest and investment returns
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Enough private pension and SS income to cover all needs
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Old 06-07-2023, 10:18 AM   #7
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Pension, SS, part time consulting, interest on I bonds and savings.
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Old 06-07-2023, 10:33 AM   #8
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Corp pension (100% survivor benefit)
SS DH started at 64.5
Ira draw 3.5% annually each
Interest income
Oil/gas Royalties (very small $$)
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Old 06-07-2023, 10:48 AM   #9
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Small pension
457 distribution
Dividends
Interest
Rent
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Old 06-07-2023, 11:15 AM   #10
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Dividends & interest only...we're both more than a decade from (minimal) Social Security.

Glad my kids chose careers (military, law enforcement) where they can retire with a decent COLA pension.

They'll probably wait until their 50s, though at least one could retire in their 40s.
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Old 06-07-2023, 11:17 AM   #11
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Because many of the item already mentioned just roll into my portfolio for future funding, I guess my number is two. A monthly pension and my monthly transfer from Marcus, which I schedule (and fund) every year in January based on my 12/31 rolling average portfolio balance.
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Old 06-07-2023, 11:37 AM   #12
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Are we only considering legal sources of income or should we also mention the other kind. For example, online fraud, drug dealing and such. Just wondering
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Old 06-07-2023, 11:39 AM   #13
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Are we only considering legal sources of income or should we also mention the other kind. For example, online fraud, drug dealing and such. Just wondering
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Old 06-07-2023, 11:48 AM   #14
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Are we only considering legal sources of income or should we also mention the other kind. For example, online fraud, drug dealing and such. Just wondering
I guess its like how this forum defines net worth. Everyone has their own interpretation
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Old 06-07-2023, 12:13 PM   #15
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I guess it depends on how you want to break it down, for example, the IRS would consider I have income from my Roth conversions, but I am not yet using my traditional IRA to fund my retirement, I am paying taxes from a taxable account (excepting the 60 day rollover tax payments which were reimbursed).

Currently, we are taking income from DH's pension and retirement annuity, DH's IRA, and brokerage accounts.
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Old 06-07-2023, 12:45 PM   #16
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I guess it depends on how you want to break it down, for example, the IRS would consider I have income from my Roth conversions, but I am not yet using my traditional IRA to fund my retirement, as of yet, I am paying taxes from a taxable account (excepting the 60 day rollover tax payments which were reimbursed).

Currently, we are taking income from DH's pension and retirement annuity, DH's IRA, and brokerage accounts.
I just define it as additive to my assets. So a rollover that generates a gain isn’t income to me. Technically neither is a dividend from stock, because the dividend is already accounted for in the value of the stock, but I won’t get into the weeds on that topic.
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Old 06-07-2023, 12:51 PM   #17
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I just define it as additive to my assets. So a rollover that generates a gain isnt income to me. Technically neither is a dividend from stock, because the dividend is already accounted for in the value of the stock, but I wont get into the weeds on that topic.
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Old 06-07-2023, 12:58 PM   #18
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Of course, my 401(k) and Roths generate some dividends as well as growth (sometimes.) But I don't count those as I don't receive anything directly.

DW has SS
I have SS
I have a pension
I take RMDs plus extra from my only (RMD) required fund - namely my 401(k).

I guess that's just 4.
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Old 06-07-2023, 01:31 PM   #19
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DW has a pension (non-cola)
I have a pension (non-cola)
Substantial income form a CD ladder (was in previously in Dividend Aristocrats, but moved into CDs when interest rates became attractive)
Small amount of dividend income
SS is a few years away for both of us.
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Old 06-07-2023, 02:06 PM   #20
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Quote:
Originally Posted by COcheesehead View Post
I am pretty geeky when it comes to tracking income and expenses. Some may find it tedious, I enjoy it. I update a spreadsheet once a month over a cup of coffee.

I receive my retirement income from the following:
Tax free interest
Taxable interest
Capital gains
Dividends
eBay
Credit card points in cash
Paid research
A part time W2 job
Cash back apps - 2 of them
RMDs from a small inherited IRA
Asset sales - Facebook Marketplace and such

So a total of 11 sources.

How about you?
Nice list. I hadn't really given it this much level of detailed thought. When I retire, this is what I expect:

Bank Cash, CD's
Social Security
Couple of small pensions
Interest, Cap Gains, Dividends from after-tax investment accts
Credit card points (mega lotta pts on AMEX, VISA, redeemable for travel, gift cards, cash)
RMDs from pre-tax IRAs/401Ks
RMD's from after-tax IRAs
RMDs from an inherited IRA
Proceeds from invmt r.e. & asset sales (or rental income, TBD)
Proceeds from employer Deferred Comp/RSU/Stock Options/Severance
Cash value in whole life policies
Comp from part-time consulting, LLC (TBD, first few yrs)
Comp from Board Directorships (for-profit, TBD)
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