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Old 05-04-2017, 02:45 PM   #61
Full time employment: Posting here.
Join Date: Jan 2008
Posts: 700
Retired 4 years ago at 49/47.

50% Military Pension
50% After-tax Acct
IRAs/SS/DB Pension waiting in the wings.

DW resuming her career in the fall after 18 year hiatus to raise 3 offspring. I'll happily continue to hold down the fort.
Retired July 2013 at age 49.

Lazy Portfolio Investor:
AA: 55% Stocks
35% Bonds
10% Cash
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Old 05-04-2017, 05:14 PM   #62
Recycles dryer sheets
Join Date: Nov 2011
Posts: 154
Retired at 49 five years ago. Living on Deferred Compensation distributions until DB pensions kick in at 60.
FIREd 2012 at Age 49
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Old 05-04-2017, 06:20 PM   #63
Gone but not forgotten
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Join Date: Jul 2012
Location: Peru
Posts: 6,335
Retired @53... 28 years ago in 1989.
No pension.
IRA's... will take the last $$$ in 2018.
Can't speak to the rest, except our $$ nest egg is about the same as the day we retired, so expect we'll have enough. Bonds and a small annuity that we'll take as cash value.
One of the big helps was not having to pay income taxes... yet.

Doesn't cost much to live happy.
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Old 05-04-2017, 08:31 PM   #64
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Location: New Orleans
Posts: 45,263
Originally Posted by 97guns View Post
Pension, SS, 401k, IRA or other investment? Are you drawing down on your assets or does your asset generate your retirement income?
Dividends (only, so far) generated from my taxable investments and the TSP; SS; and a tiny pension.

I bridged the gap before SS by living off the other three.

I haven't drawn down my investments as a whole at all, although I have been shifting money from the TSP to taxable each month, for tax/RMD reasons.
Happily retired since 2009, at age 61.
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Old 05-05-2017, 05:22 AM   #65
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Join Date: Jun 2016
Posts: 3,548
Our sources are:
- Taxable portfolio total return and capital drawdown as needed (invested 70-80% in equities)
- Deferred comp plans from former employer
- IRA's (invested mostly in hard money loans)
- Pension
- SS
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Old 05-05-2017, 03:10 PM   #66
Full time employment: Posting here.
Join Date: Oct 2006
Posts: 683
Retired for 3 years and three months now. So far we are spending,
1. Interest from CDs
2. CDs that have matured from my 5 year CD ladder
3. Small inherited IRA that was converted to a 15 year annuity

I will continue this until I reach FRA of 66 in a little over 1.5 years.

Present value of CDs is just less than 20% of total retirement assets. Dividends, capital gains, and interest on the rest of retirement savings are being reinvested.
My motto is.... "a dollar saved is better than a dollar earned. I don't pay tax on the dollar I saved."
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Old 05-05-2017, 09:51 PM   #67
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Join Date: Jun 2015
Posts: 104
Retired 3 years, now 61 y.o.


80% taxable savings
15% small pension
5% odd jobs

Next year

90% big and small pensions
10% taxable savings

Expect to put off spending my 401K and collecting
SS until ~70 y.o.
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Old 05-05-2017, 10:44 PM   #68
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Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 30,446
Been living off a subset of our taxable assets since 1999. I'd say we are drawing down those assets, except that so far out net worth has been outpacing inflation, so there isn't any drawing down going on. Most of our income is in capital gains, which is nice because that has a low tax rate.
Retired since summer 1999.
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Old 05-05-2017, 11:13 PM   #69
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Join Date: Oct 2014
Posts: 124
Retired early three years ago at 54. The current plan:
54-56 buy out amount, saved leave amount & non-cola pension
56-62 non-cola pension & supplemental pension for Feds & after tax savings
62-65ish cola pension & before tax investments (TSP)
65ish to SS & cola pension & before tax investments (TSP)
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Old 05-06-2017, 12:16 AM   #70
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Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,659
Retired 10 years ago at 48. Living on IRA 72t withdrawals (funded by stock dividends) thru this year, when 72t ends and I have more flexability.
learn, work, save, invest, fire
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Old 05-06-2017, 02:45 AM   #71
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oma's Avatar
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Location: Tampa/St Petersburg, FLA
Posts: 314
Originally Posted by ponyboy View Post
Sounds like pension and taxable accounts are what most people rely on. Good to know The future is bright!
Retired 8 yrs ago at age 47..... That's my situation....thankful for the nice recovery in the market since I left the workforce.
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Old 05-06-2017, 04:43 AM   #72
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Join Date: Nov 2014
Location: Austin
Posts: 1,014
Turning 56 in about a month.
Not retired yet but informed that the office where I'm working closes in 2 months.
Already interviewing but conceivable that this is the start of FIRE. Hope not, but is OK if so.
Otherwise, goal is to FIRE after my daughter has 1 semester of college to judge expenses at which time I'll be 58 1/2. We think we already have this taken care of but nothing like real data to inform the decision.

- No Pension (wife had one but we cashed it out and rolled it over into her rollover IRA)
- Assets are 40% in taxable accounts 60% in tax deferred accounts
- Live on taxable accounts until 59 1/2
- From 59 1/2 to 70 withdraw from Taxable and rollover IRA's in such a way as to minimize lifetime taxes, especially when RMD's kick in at age 70. Some guidance given when running I-ORP, but need to study all of this more.
- 70 onwards: Social Security + taxable + rollover IRA

For future consideration
- after retirement, consider Roth conversions (if they're still available). Multiple calculators I've run so far tell me this has marginal benefit, if any, in my situation.
- After age 70 depending on assets/health/spending consider a deferred annuity for 85 onwards.
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Old 05-06-2017, 06:10 AM   #73
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Location: Leeward Oahu
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I guess our's boils down to the traditional 3-legged stool of pension, SS and savings. Most of our monthly expenses are covered by the first two. The latter is for all the fun stuff plus charity.
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
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Old 05-06-2017, 10:30 AM   #74
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Posts: 3,138
Our retirement is funded by DHs pension which is roughly 15% more than our monthly spending.

I have part-time income of $4500-$5000 a year and we save that. I have IRAs that I don't withdraw from and an inherited IRA that I will need to take an RMD this year. We have CDs (3% and 5%) that get reinvested. I'm not taking SS yet, planning to wait until 65 or FRA of 66 and 2 months.
Married, both 66. DH retired June, 2010. I have a pleasant little part time job.
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Old 05-06-2017, 01:56 PM   #75
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Join Date: May 2017
Location: Denver
Posts: 1
Retired 2 years ago (at 32). I put about 80% of my capital into 2 large strip malls, and I'm living off the cashflow. The other 20% is in equities and cash, which I don't plan on touching.
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Old 05-06-2017, 02:46 PM   #76
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Originally Posted by OldShooter View Post
Better check on whether you are required to pay estimated taxes on those withdrawals this year. If so, and you wait, you'll get whacked with a penalty next April 15.

Pay 110% of last year's fed tax with this year's estimated payments and no penalty regardless of income.
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Old 05-09-2017, 09:31 AM   #77
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Posts: 83
Just coming up on our 10-year anniversary of retiring early — what a milestone!

We retired in our 40s, funded by taxable investments, rental property, and a little extra boost from a few side gigs. Sometimes I forget we'll eventually get access to our actual retirement accounts!
And this, our life, exempt from public haunt, finds tongues in trees, books in the running brooks, sermons in stones, and good in everything. — Shakespeare


retired mid-2000s age 42
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Old 05-09-2017, 09:40 AM   #78
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Join Date: Apr 2010
Posts: 4,078
Went at 59. Golden handshake, DB pension at 62, lucrative stock options exercised, healthy investment portfolio.
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Old 05-09-2017, 10:49 AM   #79
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,451
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14 years in.
Pensions 56%
Portfolio 44%
Portfolio has been growing since 2008 so gradually increasing gifting.
For the fun of it...Keith
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Old 05-09-2017, 01:46 PM   #80
Full time employment: Posting here.
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Join Date: Dec 2015
Location: Vancouver
Posts: 761
Looking to retire in a few years at age 50 but the missus will likely continue working for another 5-8 years.
The plan for this stage is to have dividends and capital gains from my non-registered account to provide a floor level of income in perpetuity to cover my share of our combined spend and for fun stuff. Will also start drawing down from my registered retirement account and either use it for major spends (eg house repairs) or rolling it into the non-registered account after paying the taxes on it. The registered retirement account should be depleted by age 70.

Looking to collect government benefits at age 65.

Looking to start tapping into my DC pension at age 71.
Target April 2022
"If you don't risk the bad meal, you'll never get the magical one..."
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