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View Poll Results: FIRE-Monthly cost coverage sources, light bill to your track leisure suit. Ballpark %
100 % Pension or SS 44 24.72%
75+% Pension or SS + 25% Securities (includes cash account) 25 14.04%
50+% Pension or SS + 50% Securities (includes cash account) 19 10.67%
25+% Pension or SS + 75% Securities (includes cash account) 11 6.18%
<25% Pension or SS to 100% Securities (includes cash account) 18 10.11%
100% Securities 59 33.15%
Not interested in sharing. 2 1.12%
Voters: 178. You may not vote on this poll

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Old 05-26-2021, 07:51 AM   #21
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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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Old 05-26-2021, 08:26 AM   #22
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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.
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Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 05-26-2021, 08:45 AM   #23
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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.
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Old 05-26-2021, 08:49 AM   #24
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Quote:
Originally Posted by Montecfo View Post
interesting that on a site for "early"retirement 75 percent (current poll) draw pensions.

I'm 100 pct securities.
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).
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Old 05-26-2021, 09:13 AM   #25
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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 .
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Old 05-26-2021, 09:40 AM   #26
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Quote:
Originally Posted by Midpack View Post
The periodic SIRE v FIRE poll, nothing wrong with that.
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.
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Old 05-26-2021, 10:23 AM   #27
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Quote:
Originally Posted by Midpack View Post
The periodic SIRE v FIRE poll, nothing wrong with that.
Quote:
Originally Posted by W2R View Post
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.
Huh? It's a poll asking to what degree we're all FIRE, SIRE or in between. Who said anything about spending
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Old 05-26-2021, 10:29 AM   #28
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Quote:
Originally Posted by Midpack View Post
Huh? It's a poll asking to what degree we're all FIRE, SIRE or in between. Who said anything about spending
Quote:
Originally Posted by zekeboz View Post
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).
"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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Old 05-26-2021, 10:36 AM   #29
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50% Rents and 50% withdrawals from financial investments.
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47 years old, single, no kids. Exited the job market in 2010 (age 36). Have lived solely off my investments since 2015 (age 41). No pensions.
Current AA: real estate 64% / equities 10% / fixed income 16% / cash 10%
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Old 05-26-2021, 10:58 AM   #30
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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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Old 05-26-2021, 11:38 AM   #31
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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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Old 05-26-2021, 11:57 AM   #32
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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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Old 05-26-2021, 12:57 PM   #33
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Quote:
Originally Posted by W2R View Post
"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.
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:
Originally Posted by W2R
IMO it is incorrect to assume that our members spend every last cent we can get our hands on.
I wasn't thinking or assuming what members spend vs available income.
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Target AA: 50% equity funds / 30% bonds / 20% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 05-26-2021, 02:26 PM   #34
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100% in covid.

Less in pre/post covid due to travel costs.
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Old 05-26-2021, 06:24 PM   #35
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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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Old 05-26-2021, 07:33 PM   #36
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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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Old 05-26-2021, 09:38 PM   #37
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100% pension AND SS.
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Old 05-26-2021, 10:02 PM   #38
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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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Old 05-27-2021, 03:35 AM   #39
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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.
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Old 05-27-2021, 04:36 AM   #40
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75-80% securities.
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