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View Poll Results: What nest egg withdrawal rate are you comfortable with?
1.0 - 1.49 percent 9 3.19%
1.5 - 1.99 percent 4 1.42%
2.0 - 2.49 percent 26 9.22%
2.5 - 2.99 percent 42 14.89%
3.0 - 3.49 percent 78 27.66%
3.5 - 3.99 percent 61 21.63%
4.0 - 4.49 percent 26 9.22%
4.5 - 5.0 percent 17 6.03%
more than 5% 19 6.74%
Voters: 282. You may not vote on this poll

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Old 04-24-2017, 08:07 PM   #181
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Not sure where you're getting a whiff of propaganda.

I was simply answering why many early retirees here are considering periods like 40 years or more, as opposed to the standard 30 years used in the models with a retirement age of 65.
There are two concerns I have with the media emphasis on planning for extremely long lifespans in retirement.

First, this theme provides cover to politicians and governments not to keep promises made to citizens regarding retirement plans. Basically, telling people that since everybody is living to these unexpectedly long ages today, we can't possibly pay off on Social Security, pensions, etc.

Second is that such long and increasing lifespans apply only to the upper and upper middle classes in the US. The second of these is well represented among both ER readers and members of the news media. It is looking like under half the men I grew up with in a declining 1970s NYC neighborhood will get to be 65. While I haven't shared the self-destructive habits common to many of them, that period has left its marks on me as well.

Overall lifespans in the US have probably peaked.
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Old 04-24-2017, 08:39 PM   #182
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Originally Posted by Out of Steam View Post
There are two concerns I have with the media emphasis on planning for extremely long lifespans in retirement.

First, this theme provides cover to politicians and governments not to keep promises made to citizens regarding retirement plans. Basically, telling people that since everybody is living to these unexpectedly long ages today, we can't possibly pay off on Social Security, pensions, etc.

Second is that such long and increasing lifespans apply only to the upper and upper middle classes in the US. The second of these is well represented among both ER readers and members of the news media. It is looking like under half the men I grew up with in a declining 1970s NYC neighborhood will get to be 65. While I haven't shared the self-destructive habits common to many of them, that period has left its marks on me as well.

Overall lifespans in the US have probably peaked.
So are you planning around kicking the bucket at 66?

The question is what happens if that is your plan and you spend all your money and then make it to 67? Those years might be somewhat exaggerated, maybe not. I think I will plan on 95 and if I don't make it, someone else will have to spend my money. Then, again, if I do make it, I'll live much better than someone who has outlived their savings.
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Old 04-24-2017, 08:57 PM   #183
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Originally Posted by Out of Steam View Post
There are two concerns I have with the media emphasis on planning for extremely long lifespans in retirement.

First, this theme provides cover to politicians and governments not to keep promises made to citizens regarding retirement plans. Basically, telling people that since everybody is living to these unexpectedly long ages today, we can't possibly pay off on Social Security, pensions, etc.

Second is that such long and increasing lifespans apply only to the upper and upper middle classes in the US. The second of these is well represented among both ER readers and members of the news media. It is looking like under half the men I grew up with in a declining 1970s NYC neighborhood will get to be 65. While I haven't shared the self-destructive habits common to many of them, that period has left its marks on me as well.

Overall lifespans in the US have probably peaked.
Well - it just seems that you are making a link between the longer periods planned for by the early retirees on this forum, to the longevity stories pushed by the media, etc. They are not related.
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Old 04-25-2017, 08:13 AM   #184
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As I've noted in other posts, I'm planning for a 30 year retirement starting at 60-61. I think I'll do enough part time work to postpone taking Social Security to at least 65. Given trends in health in the U.S and my own observations, I'm not going to keep my nose to the grindstone because I or my wife might live past 90.
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