Poll: Total Income from SS & Pensions (Not Nest Egg or Retirement Withdrawals)

[ShokWaveRider]

This Poll is intended only for those who are taking SS and getting Pensions.

All Numbers should be before taxes (Gross) from any and all SS, 401k (RMD), IRA (RMD) or pretty much any Pension Source, COLA's or otherwise. Do not include Investment income or other self controlled/managed income. If you are not taking SS it should not be included. Where do you fall as of today. I thought this would be an interesting poll or us all here at ER.ORG. You do not have to share exact numbers (I know some folks are funny about that). So I constructed a poll of estimations.

Remember the average SS check is only ~$1,700 per month.

 

[RetiredHappy]

Your poll numbers are way too low.

 

[ShokWaveRider]

Your poll numbers are way too low.

Then put above $5,000. I am sure lots of folks here are.

 

[RetiredHappy]

I did. But I am confused by the mention of 401K and IRA, the heading and description do not match. 401K and IRA are not pension.

 

[ShokWaveRider]

I did. But I am confused by the mention of 401K and IRA, the heading and description do not match. 401K and IRA are not pension.

But if you are withdrawing from them (RMD) they really are a pension.

 

[Ian S]

DH still works but I didn't include that income.

 

[W2R]

But if you are withdrawing from them (RMD) they really are a pension.

Thanks for the clarification of your definition of pension as including RMD's. Without including my RMD's, the total income would have been one level lower.

 

[Tom57]

I agree the poll numbers are too low and that over $5,000 is where the majority of poll responders are right now. Those RMD amounts put me over $6,000 per month.

 

[aaronc879]

Your poll numbers are way too low.

They seem too high to me. All is relative I guess.

 

[Dtail]

Will be over 5k, once I start SS.

 

[ShokWaveRider]

In retrospect I probably should not have included RMDs as a lot of us are not of the age yet. I did just in case some had small SS and/or pensions but had a good nest egg in Retirement funds ..... oh well, it is all in fun anyway, right?

 

[aaronc879]

In retrospect I probably should not have included RMDs as a lot of us are not of the age yet. I did just in case some had small SS and/or pensions but had a good nest egg in Retirement funds ..... oh well, it is all in fun anyway, right?

Also some of these are probably for one person and some are for couples.

 

[skyking1]

We will be in that 5K plus range when we do retire, not counting any RMDs.

 

[Sunset]

We are not getting SS and taking RMD and getting Pension, so couldn't do the poll... We feel left out.

 

[ShokWaveRider]

We are not getting SS and taking RMD and getting Pension, so couldn't do the poll... We feel left out.

Your pension counts. you were not left out.

 

[Midpack]

But if you are withdrawing from them (RMD) they really are a pension.

But I didn’t vote since we’re not getting SS or RMDs yet. There are other significant passive income sources anyway.

 

[athena53]

Your poll numbers are way too low.

I agree. The average SS check for a one-person household is about $1,400 right now and I know there are too many people trying to live on that, but probably not many people here. I fall easily into the over $5,000 camp (high SS earner, filed at age 69, two small non-COLA pensions) and I'm a household of one.

 

[badatmath]

Shouldn't have voted bc not on SS yet. Failed to read directions. I voted based on net expected pension (after insurance/taxes).

 

[RetiredHappy]

I also turned my IRA into annuity which is paying me every month, which presumably would fall under the definition of "pension" here. I haven't started SS but my husband's SS and RMD already puts his income as over $10K a month.

 

[Sunset]

This Poll is intended only for those who are taking SS and getting Pensions.

.....

Your pension counts. you were not left out.

I read your post, and interpreted it as only to do the poll if taking SS and getting Pensions.

We aren't on SS..

 

[CardsFan]

We are just under $5k with SSA for both (after Medicare payments). My micro pension ($104/month) puts us over. Of course, we have other income streams from after tax investments.

 

[ShokWaveRider]

Lots of wealthy folks here on ER.ORG.....

 

[5Miler]

My miniscule $113.44 monthly non-COLA pension when added to my SS is decidedly under $5K per month as I'm too young for RMDs and DGF has not started SS yet. That pension seemed small even when I first started taking it 15 years ago next month. At least then it used to pay my electric bill, not so much these days.

DGF and I have been together for 29 years so I consider us a household.

 

[latexman]

No SS and no RMDs yet. DWs and my pensions > $7k/month. Still working; did not count that income.

 

[TheWizard]

I'm a single person household with just over $4000 per month in SS alone.
And in "pension" and RMD and the total is way more...