Poll: Do you have a pension?

[Murph]

Not sure where you categorized it, but I have a 401k, no pension.

[Koolau]

Quote:

Originally Posted by Murph Not sure where you categorized it, but I have a 401k, no pension.

401(k)s would, I suppose fit within "no pension, just SS and savings." Having said that, there are a few folks who will not see SS. Also, 401(k)s, being self directed, can be mismanaged to the extreme. I think I did just "okay" with mine and STILL I put way too much into it - meaning that NOW, my RMDs will (soon) force me into a higher (and yet to be announced by new administration) taxation level. It's not unlikely my mistakes will cost me money in the long run (and YES I did ROTH some of my 401(k) back when I could titrate my tax rate.) But, I'm not bitter so YMMV.

[MoPops]

I’m on my own. No pension of any kind. Maybe that’s why I waited until 65 to retire. Ha!

[meleana]

I just filled in a ton of paper work to get my $29.00 per month pension beginning 7/1 when I turn 65. I was at the job 3 years and then they closed our dept.

It’s the only pension I have and darn it- I want it!

[cag61]

You really need to fix the poll, I have both a Government and Corporate pension, but the poll doesn't allow that.

Some might have a Military one or a Non-Profit

[Koolau]

Quote:

Originally Posted by meleana I just filled in a ton of paper work to get my $29.00 per month pension beginning 7/1 when I turn 65. I was at the job 3 years and then they closed our dept. It’s the only pension I have and darn it- I want it!

My mom got talked into one of those itty-bitty annuity options on some savings or insurance plan. It paid something like $37/month. She LOVED it for some reason. It was technically the only other money she got beside her (maybe) $grand/month SS. Like the song ("Polk Salad Annie") said, "she did alright." YMMV

[RaySharpton]

I have a corporate pension of 37% and 63% balance Social Security. I haven't touched my corporate 403b, and I manage to bank an extra $2k each month.

[BillL14FF]

Yes, government pension + 40% SS, wife pension + SS.

[Wishing]

Two pensions - one from a University position and one corporate. Not drawing on either as yet.

[tmm99]

Quote:

Originally Posted by meleana I just filled in a ton of paper work to get my $29.00 per month pension beginning 7/1 when I turn 65. I was at the job 3 years and then they closed our dept. It’s the only pension I have and darn it- I want it!

It's still money, so yeah!

Didn't they give you a lump sum option though?

[The Flush]

2 corp pensions (8 and 11 years of service from early in my career) that will probably be small, plus FERS which according to plan will be about 18 years of service as a GS13 which will be less small. I had another corp pension close their plan and send me a check which I rolled to an IRA. One of my remaining corp pensions also tried to get me to take cash a few years ago, but inertia led me to do nothing.

[HaveEnough]

What's a pension?
Saved and paid a ton of taxes.

[gooddog]

I have two pensions.
Wife has one pension.
Savings on top of that.
We don't get SS due to 'safety' pension.

[Splash]

Corporate defined contribution plan.

Haven't decided yet if I will roll the balance into an IRA or draw as non-cola pension in the future. I currently consider the balance as part of my Fixed Income portfolio earning interest at the 30 year treasury rate.

[icono5]

Defined *contribution pension, plus taxable savings and a few IRAs.

[cnocmmz]

Quote:

Originally Posted by qwerty3656 Government Pension Corporate Pension Just savings & Social Security

Mil pension, GS pension, DW has Pension and her SS
Total close to 11k. Once my SS kicks in the fun begins.
Hopefully I can start tapping investments soon also at 62

[RobbieB]

Worked 32 years. Had 8 jobs (different Co's) No pension.

[Retired Expat]

No pension, no SS yet. I consider my rental properties my Pension.... Investments and 401k to live off of in my “old age”.

[thatguy]

We retired at 57 & 55. We have 2 company pensions. $46.4k total pension income. That and my SS covers our expenses, mostly.
There is also a couple 401ks, and DWs yet unclaimed SS.

[swabby01]

Yes, Corporate Pension Frozen in 2009 and I retired in 2018. Company treated me great and we are quite comfortable on it alone. I may start drawing SS at FRA later this year. Haven't touched 401K, IRA or SS.