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View Poll Results: Do you have a pension that has any significant impact on your retirement budget?
Yes, more than 25% 196 46.45%
Yes, less than 25% but still meaningful 57 13.51%
Yes, I have a pension, but it doesn't have a significant impact on my retirement budget. 43 10.19%
No pension 126 29.86%
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Old 05-03-2017, 07:34 PM   #241
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Quote:
Originally Posted by Amethyst View Post
It's mostly Congress that comes up with taxation ideas. IRS employees pay taxes, too...they don't want higher taxes any more than the rest of us....

So elect your representatives carefully!
Oh I know. My response was tongue in cheek.
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Old 05-04-2017, 04:51 AM   #242
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No pensions. No equivalent to SS. Just our savings.

No medical benefits either. As long as DW keeps working we are covered under DW's employee plan. Given medical insurance and medical costs are is a lot cheaper outside the US, it's not a major issue for us to cover the costs when she stops working.
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Excellent Blanchett Article
Old 05-22-2017, 10:07 AM   #243
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Excellent Blanchett Article

The subject article illustrates how 'guaranteed income' affects SWRs.

It's well worth a read & addresses the OP/Poll question pretty directly. The summary is below.

Conclusions
To better serve retirees and those saving for retirement, financial planners need to move beyond heuristic-based initial safe withdrawal rates. Results from this analysis suggest that optimal initial safe withdrawal rates varied significantly when guaranteed income was considered, from approximately 6 percent when 95 percent of wealth was in guaranteed income, versus approximately 2 percent when only 5 percent of wealth was in guaranteed income.


https://www.onefpa.org/journal/Pages...wal-Rates.aspx
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Small pensions & SS cover essentials
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Old 05-22-2017, 12:03 PM   #244
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Quote:
Originally Posted by Huston55 View Post
The subject article illustrates how 'guaranteed income' affects SWRs.

It's well worth a read & addresses the OP/Poll question pretty directly. The summary is below.

Conclusions
To better serve retirees and those saving for retirement, financial planners need to move beyond heuristic-based initial safe withdrawal rates. Results from this analysis suggest that optimal initial safe withdrawal rates varied significantly when guaranteed income was considered, from approximately 6 percent when 95 percent of wealth was in guaranteed income, versus approximately 2 percent when only 5 percent of wealth was in guaranteed income.


https://www.onefpa.org/journal/Pages...wal-Rates.aspx
You might want to start a new thread with this article. Based on a quick read/skim, it looks interesting and provides food for thought (albeit subject to the usual limitations inherent in any attempt to model the unknown for everyone). Thanks for posting it.
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Old 05-22-2017, 12:14 PM   #245
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$144 a month. We donate it to our church. It's from DH's first job out of college in 1981. He was laid off in 1988. No idea how they tracked him down (after 8 moves and 3 states) last year.
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Old 05-22-2017, 03:51 PM   #246
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I have a modest military pension (that will become significantly larger should I live long enough) and a small (non-COLA) mega-corp pension. Very grateful for both!

Off topic kicker - TriCare at 60 was a key to retiring at 60. Beats the hell out of my current mega-corp plan with $6600 deductible (HSA - big whoop).
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Old 05-23-2017, 08:53 PM   #247
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Quote:
Originally Posted by Red Badger View Post
I have a modest military pension (that will become significantly larger should I live long enough) and a small (non-COLA) mega-corp pension. Very grateful for both!

Off topic kicker - TriCare at 60 was a key to retiring at 60. Beats the hell out of my current mega-corp plan with $6600 deductible (HSA - big whoop).
Yep!
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