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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 05-27-2021, 07:27 AM   #41
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Old 05-27-2021, 07:52 AM   #42
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Quote:
Originally Posted by old medic View Post
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.
I make my spouse work as well...convincing them that it was their idea was the hard part.
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Old 05-27-2021, 08:33 AM   #43
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100% securities. Never given the option for a pension!

Maybe SS if itís still there.
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Old 05-27-2021, 09:57 AM   #44
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Fully SIRE/pension and ss more than covers bills at this point.
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Old 05-27-2021, 11:13 AM   #45
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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.
We got older. When I joined here and semi-retired and DH retired, I wasn't eligible for SS. Now, I am.

The way I answered the question is that I assumed we first spend our SS (not a pension) and then the rest of our spending come from our investments. I said it was 75% ss but it is really more like 66% although that can vary a bit from year to year.
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Old 05-27-2021, 11:32 AM   #46
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Pensions and rental income. If that won't do it we'd pull from savings. Then RMD and SSC will hit at the same time I think.

If something happens to DH it would be my reduced part of his pension and rental income, savings, then start a 1pct or so draw from taxable. Until that ran out then pull some more on an as needed basis. That's the plan until I get in the ring and get punched in the face.
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Old 05-27-2021, 02:09 PM   #47
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Our annual living funds come from only investable assets so I chose 100% securities, but in terms of mechanics, these are drawn annually from up the retirement investment accounts, put in high yield savings and monthly funds are drawn from savings as needed.
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Old 05-27-2021, 02:14 PM   #48
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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.
They retired early, but stayed around here as they got older.

I joined in 2006 but the forum had already been around for a while. And I had already been retired for a while.
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Old 05-27-2021, 05:00 PM   #49
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In my case at 56 it makes all the sense in the world to start taking my pension now. Many may be in the same boat. Holding off adds <2% per year so why wait? It’s also not COLAd which is the case for most pensions I think.
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Old 05-27-2021, 05:49 PM   #50
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My SS allowance is about 10% of spending. The rest is all draw from savings.
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Old 05-27-2021, 06:17 PM   #51
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Old 05-28-2021, 06:01 AM   #52
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I know generally that SIRE means retired on pensions, but what exactly do the letters stand for again?

Never Mind. Just looked it up in the sticky. "Secure" was the word I couldn't recall.
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Old 05-28-2021, 06:36 AM   #53
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Nothing really fit.... I do get some from SS, some from equities, some from cash accounts, and some from hobbies. Amounts vary widely from month to month. Ex. Some months my hobbies cost me money, other months they cover all my expenses, plus some extra. When they cost me money I'll pull from other sources.
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Old 05-28-2021, 07:22 AM   #54
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Three legged stool for me, though the amounts come to about 50/50. I'm currently trying to take more than the RMDs and either BTD or give it to kids/charities. YMMV
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Old 05-29-2021, 08:10 AM   #55
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I selected 100% pension + SS even though I have no pension technically.
What I do have is a payout-phase annuity which comprises over half of my retirement income, so that's nice...
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Old 05-29-2021, 08:24 AM   #56
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SS covers all our general expenses. Other expenditures are funded from our stash.
+1
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Old 05-29-2021, 08:32 AM   #57
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Not yet eligible for Social Security so living expenses all come from taxable accounts at Vanguard withdrawing dividends and capital gains only, not drawing down capital. Only enough to cover expenses and leave the rest reinvested in the same fund/ETF etc.
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Old 05-29-2021, 09:33 AM   #58
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Where do annuities fit in?
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Old 05-29-2021, 09:51 AM   #59
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Quote:
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interesting that on a site for "early"retirement 75 percent (current poll) draw pensions.
For the current generation reaching retirement age, anything before 65 is clearly early retirement.
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Old 05-29-2021, 10:22 PM   #60
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My pension and SS cover my monthly expenses with some left over. I use my savings and/or money earned for travel, etc. I am still doing some consulting.
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