Khan
Gone but not forgotten
- Joined
- Aug 23, 2006
- Messages
- 6,924
Have been living on a small federal pension since 1 Jan 2005. Pension decreases in '12 and assumes I will take SS. Haven't yet touched TSP or IRAs.
Have been living on a small federal pension since 1 Jan 2005. Pension decreases in '12 and assumes I will take SS. Haven't yet touched TSP or IRAs.
See, that's the difference between a small federal pension and an itsy-bitsy teenie-weenie federal pension. After deductions mine is projected to be maybe three hundred something per month, and as much as I respect your phenomenal LBYM capabilities I think that would be too small for you to live on. Mine will not decrease when I get SS, though. Soon I will find out for sure how itsy bitsy it really will be!
I'm a FIRE guy and 18 months from my first SS check. I still can't believe that I'm going to get a check, if I live that long.
It does feel a little strange having the govt send me money instead of the other way around. I'm sure you can get used to it - I did!My first SS check came late last month! It was a great feeling seeing that direct deposit right there in the ole checking account! I got all tingly and giddy and silly and ran right to the liquor cabinet and made myself a Manhatten. I tell ya, there's no money like the money your govt sends ya!
People have been warning me all my life to not count on Social Security...so when planning for retirement it has never entered any calculations. When I hit 67, if I get anything at all it'll be gravy!
I don't really see the difference ...
I'm a little surprised, I thought it would be just the opposite based on earlier answers. I am guessing that while there are quite a few here with pensions and/or retiree health care, most have considerable private holdings as well.FIRE is still maintaining an almost 2 to 1 lead.
Pretty impressive!
Audrey
I'm a little surprised, I thought it would be just the opposite based on earlier answers. I am guessing that while there are quite a few here with pensions and/or retiree health care, most have considerable private holdings as well.
That's what I am so impressed by. In spite of pensions/benefits, a lot of ERs and wannabe ERs have aggressively saved and invested as well.I'm a little surprised, I thought it would be just the opposite based on earlier answers. I am guessing that while there are quite a few here with pensions and/or retiree health care, most have considerable private holdings as well.