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View Poll Results: FIRE-Monthly cost coverage sources, light bill to your track leisure suit. Ballpark %
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100 % Pension or SS
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44 |
24.72% |
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75+% Pension or SS + 25% Securities (includes cash account)
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25 |
14.04% |
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50+% Pension or SS + 50% Securities (includes cash account)
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19 |
10.67% |
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25+% Pension or SS + 75% Securities (includes cash account)
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11 |
6.18% |
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<25% Pension or SS to 100% Securities (includes cash account)
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18 |
10.11% |
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100% Securities
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59 |
33.15% |
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Not interested in sharing.
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2 |
1.12% |
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05-26-2021, 07:51 AM
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#21
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Full time employment: Posting here.
Join Date: Dec 2016
Location: Living the Dream!
Posts: 853
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Pension covers monthly expenses with a 50% margin. Leftover goes in and builds up in checking account for lumpy expenses (newer car or car repairs, home improvements and travel).
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05-26-2021, 08:26 AM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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The periodic SIRE v FIRE poll, nothing wrong with that. I voted though my answer is in my sig line. 100% SIRE and 100% FIRE are very different circumstances, dis/advantages to both.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-26-2021, 08:45 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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We live on 82% of the combination of DHs pension and HRA benefit and save/invest the rest. My SS benefit and small PT income are 100% saved/invested. Feeling very secure about SIRE (Secure Income Retired Early).
I love that term.
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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05-26-2021, 08:49 AM
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#24
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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: 36,370
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 Quote:
Originally Posted by Montecfo
interesting that on a site for "early"retirement 75 percent (current poll) draw pensions.
I'm 100 pct securities.
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My second two employers offered pensions. While I was at the second for 6 years it was before 5-year clif vesting was mandated so I missed out on that one. I was with the thrid employer 12 years and therefore quaified and vested in their plan... it meets about 18% of our target spending (though we usually spend less).
__________________
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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05-26-2021, 09:13 AM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2012
Posts: 6,180
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Pension more than covers regular monthly expenses. Not having a mortgage certainly helps. DW's SS, even small, is like an extra bonus  .
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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05-26-2021, 09:40 AM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by Midpack
The periodic SIRE v FIRE poll, nothing wrong with that.
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IMO it is incorrect to assume that our members spend every last cent we can get our hands on.
I voted for 75%+ covered by the sum of pension + SS. That covers my present monthly spending.
But if I spent what FIRECalc says I can spend, my funds would be mainly from my portfolio with 25%+ covered by the sum of pension + SS.
So to my way of thinking this is not a FIRE or SIRE poll.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-26-2021, 10:23 AM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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Huh? It's a poll asking to what degree we're all FIRE, SIRE or in between. Who said anything about spending 
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-26-2021, 10:29 AM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by zekeboz
Follow up to the earlier Fat FIRE II poll. Lets get a pulse on where you draw your monthly funds to cover living costs (which means everything from light bill to that Christmas Leg Lamp).
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"Poll: FIRE funds to cover monthly costs come from?"
(my emphasis) I only spend enough to cover my monthly costs, plus a little extra. I have lots extra that I could spend but that wouldn't be necessary to pay monthly costs. Did I misunderstand? eek
I guess everyone here COULD live off their pension + SS, but I don't think that makes our entire membership SIRE since they spend more than that. I think spending is the key factor. I am under the impression that very few of us have retired before building a substantial investment portfolio.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-26-2021, 10:36 AM
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#29
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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50% Rents and 50% withdrawals from financial investments.
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05-26-2021, 10:58 AM
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#30
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,486
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100% securities. I'm making some Roth conversions between now and 72 as well. I'll either pay taxes now or later. Tax rate is likely to go up in 2026, if not before. About half of our income is from sold securities and half from dividends.
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05-26-2021, 11:38 AM
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#31
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Dryer sheet wannabe
Join Date: Sep 2020
Posts: 10
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Deferred comp and inherited annuities for the first five years. Then expecting a combination of variable annuity and securities/dividends. DH could opt for pension but I think he will take the lump sum option.
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05-26-2021, 11:57 AM
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#32
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Recycles dryer sheets
Join Date: Jan 2017
Location: Bay Area
Posts: 248
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Regular recurring costs are covered by stable income, with a little usually left over each year that I add to investments; more infrequent - larger discretionary costs are covered by investments when they occur.
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05-26-2021, 12:57 PM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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Quote:
Originally Posted by W2R
"Poll: FIRE funds to cover monthly costs come from?"
(my emphasis) I only spend enough to cover my monthly costs, plus a little extra. I have lots extra that I could spend but that wouldn't be necessary to pay monthly costs. Did I misunderstand? eek
I guess everyone here COULD live off their pension + SS, but I don't think that makes our entire membership SIRE since they spend more than that. I think spending is the key factor. I am under the impression that very few of us have retired before building a substantial investment portfolio.
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Maybe I'm mistaken. I just took it to mean if you can fully cover your monthly costs (whatever you choose) with a pension + social security, you're 100% SIRE. If you have funds over and above that, as undoubtedly many do, you're still 100% SIRE. 
Quote:
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Originally Posted by W2R
IMO it is incorrect to assume that our members spend every last cent we can get our hands on.
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I wasn't thinking or assuming what members spend vs available income.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-26-2021, 02:26 PM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2010
Posts: 5,912
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100% in covid.
Less in pre/post covid due to travel costs.
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05-26-2021, 06:24 PM
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#35
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Full time employment: Posting here.
Join Date: Sep 2016
Location: Way up North
Posts: 562
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I'm early in the process of transitioning from 100% FIRE to 100% SIRE. I'm deferring all income streams as long as possible while making Roth conversions, but different streams have different mandatory start dates.
Age 62 (today) - 75% taxable savings + 25% summer gig work
Age 65 - first pension starts - 55% taxable savings + 25% summer gig work + 20% pension
Age 70 - SS starts - 55% SS + 25% Summer gig work + 20% Pension #1
Age 71.5 - 2nd pension starts - 50% SS + 30% Pension #2 + 20% Pension #1
Age 75 (if SECURE II passes) RMDs on remaining tIRA get re-invested, slowly replenishing taxable
Age 80 - they perfect cellular rejuvenation, I elect to rewind to age 25 and go back to work 
Like most here, it has a few moving parts to juggle. And of course Man plans and God laughs.
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05-26-2021, 07:33 PM
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#36
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Recycles dryer sheets
Join Date: Aug 2020
Location: Houston
Posts: 108
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Currently spending money saved up prior to FIRE + dividends + IRA distribution. Not taking SS yet. No pension either.
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05-26-2021, 09:38 PM
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#37
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Thinks s/he gets paid by the post
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,727
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100% pension AND SS.
__________________
Rich
Ham Radio, Sport Pilot, RVer
FIRE: 8/11/2005, age 55y,1d
Dispatcher, then shift supv, then administrator for a regional 9-1-1 call center
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05-26-2021, 10:02 PM
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#38
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Dryer sheet aficionado
Join Date: Jan 2011
Posts: 36
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Found it interesting to break my monthly expenses by category.
Pension (30%)
Social Security (25%)
IRA Withdrawals (25%)
Dividends (15%)
Savings (5%)
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05-27-2021, 03:35 AM
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#39
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Thinks s/he gets paid by the post
Join Date: Jul 2020
Posts: 1,505
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My pension alone will cover 100% of our monthly living expenses with some play money left over.
The wifes income is more than my pension, and 30% of that is going into her 401K over the next 5 years when she retires with a similar pension, and I (maybe) start drawing SS.
We figure our combined 401K savings will be around 300K without growth.
__________________
Went from EMS to PDN
Earn Money Sleeping/ Paid Doing Nothing
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05-27-2021, 04:36 AM
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#40
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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75-80% securities.
__________________
"The mountains are calling, and I must go." John Muir
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