View Poll Results: Do you have a pension?
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Government Pension
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166 |
29.23% |
Corporate Pension
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195 |
34.33% |
No pension, just SS & savings
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207 |
36.44% |
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Poll: Do you have a pension?
05-12-2021, 10:07 AM
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#1
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Full time employment: Posting here.
Join Date: Nov 2020
Posts: 743
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Poll: Do you have a pension?
Government Pension
Corporate Pension
Just savings & Social Security
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05-12-2021, 10:18 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,324
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Nope. No pension. Just whatever we save on our own. And SS.
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05-12-2021, 10:28 AM
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#3
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Recycles dryer sheets
Join Date: Jan 2013
Posts: 306
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just the money I've accumulated and whatever I get from SS.
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Poll: Do you have a pension?
05-12-2021, 10:28 AM
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#4
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Full time employment: Posting here.
Join Date: Dec 2016
Location: Living the Dream!
Posts: 839
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Poll: Do you have a pension?
Quote:
Originally Posted by qwerty3656
Government Pension
Corporate Pension
Just savings & Social Security
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Both wife and I are drawing government pensions totaling $11.4K/mo plus a $1.9k stipend for healthcare. Also paid into and will get Social Security in a few years.
Haven’t touched a dime in various IRAs, 401(k) or 457 plans since retirement.
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05-12-2021, 10:28 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
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I have a small Federal (FERS) pension after 20 years of service ending with GS13-10. My spouse has a slightly larger state pension. Combined, the pensions are $42k after health care premiums are deducted from my Federal pension.
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05-12-2021, 10:33 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
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I have a small pension of $1,384/month. Most of it goes toward withholding to lessen my quarterly estimated tax payments. DW rolled her pension into a lump sum into her 401k.
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05-12-2021, 10:33 AM
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#7
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Moderator
Join Date: Nov 2015
Posts: 13,846
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updated the thread to add a poll with the OP's initial suggestions.
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05-12-2021, 10:38 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Government (state university) pension.
__________________
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05-12-2021, 10:39 AM
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#9
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Dryer sheet wannabe
Join Date: Apr 2021
Location: Oklahoma City
Posts: 12
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I have a military retirement pension, a federal law enforcement pension, and receive a disability pension from the VA. I'm not going to apply for social security until, at a minimum of FRA. Combined pensions total $97,356.00 annually. My wife just started receiving her social security.
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05-12-2021, 10:40 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,678
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DH has a state public employees pension from working at a county social service department. And I get a small Social Security benefit.
We are fortunate that our cost of living is only 83% of DHs pension, so we are able to SAVE 17% of his pension and 100% of my SS and part time job earnings.
I know our cost of living will only increase as we age but for now this is a great place to be, able to save while he is retired. Some months we're able to save 30% to 35% of our total combined income.
Spreadsheets make me SMILE
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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05-12-2021, 10:53 AM
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#11
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Recycles dryer sheets
Join Date: Apr 2012
Posts: 216
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My wife and I will have federal pensions when we retire sometime in the next year. They will total about 24% of our current salary.
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05-12-2021, 10:59 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,285
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A small one from LA county because I left at 45.
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05-12-2021, 11:13 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Mar 2015
Location: philly
Posts: 1,219
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Corporate pension
__________________
My darling girl, when are you going to realize that being "normal" is not necessarily a virtue? it sometimes rather denotes a lack of courage~Aunt Francis
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05-12-2021, 11:13 AM
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#14
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Recycles dryer sheets
Join Date: Feb 2006
Posts: 95
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Small $400 per month corporate pension I have been collecting since 2001 from a 7 year employment at a German company in the US. DW gets $210 per month since 2002 for a 30 year employment at a major US bank.
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05-12-2021, 11:17 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,344
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Corp pension that is approx 15% of monthly budget.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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05-12-2021, 11:18 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,431
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What's interesting to me is how many of the respondents have a "small" pension (i.e. much less than their living expenses and a small fraction of their final salary). I'm in this boat as well with a corporate pension that pays around 22% of my final salary. I suspect only gov't and military retirees receive what could be regarded as a "full" pension anymore.
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05-12-2021, 11:23 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,679
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I have a corporate pension waiting for me when I turn 65, 7 years from now. My old company froze my pension at the end of 2001 when I was still working there. I did not meet their criteria to get grandfathered into continuing to accumulate additional pension credits. Instead, further would-be pension benefits for the next 7 years I worked there became an accumulated cash-balance program (it's a hybrid between a DB and DC program). I continue to earn a small interest credit in the cash-balance program every year.
This is one of my "reinforcements" available to supplement my using only the taxable part of my portfolio for the last 13 years.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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05-12-2021, 11:26 AM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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I have a small corporate pension for a 36 yr career with the same company. It’s ~40% of my final pay. I only paid a tiny amount and megacorp paid the bulk of it.
Some of these tiny amounts after a significant period of employment makes you wonder why they bother to make payments instead of a lump sum. Sure makes the deferred comp alternative mor attractive.
I’d like to see how many have DB pension plus deferred comp match. (Like FERS + TSP).
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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05-12-2021, 11:28 AM
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#19
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Recycles dryer sheets
Join Date: Jan 2021
Location: Allen
Posts: 106
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No.
Sort of earned a portion of one in the 90s, but division got sold, for those with a small amount, they just sort of paid us a bonus amount instead of keeping it.
I think this might have been a better question with a poll. Based on the lack of negative answers.
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05-12-2021, 11:37 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
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Quote:
Originally Posted by Dash man
I have a small pension of $1,384/month. Most of it goes toward withholding to lessen my quarterly estimated tax payments. DW rolled her pension into a lump sum into her 401k.
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+1 but mine is $1,500/month. I set my federal tax withholdings from this one pension to cover our annual federal income tax bill so I don't have to make estimated payments and the remainder goes into checking.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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