papadad111
Thinks s/he gets paid by the post
- Joined
- Oct 4, 2007
- Messages
- 1,135
Interesting poll results
Age certainly matters-- how do I count or value SS that's 20 years out ?
Withdrawals are not income. They are simply uses of prior income.
Perhaps a better way to ask the question :
1. How much do you add to your net worth annually, and how much do you draw down from that net annually to pay expenses,donate.
Or
2. What economic value add do you generate and/or collect (from govt, pension, annuity, dividend, interest, side hustle retirement job, rental property income annually.
Reference the $40k spending -- I would also guess 50% of currently retired households live on little more than their social security incomes. Which is likely below 40k for a couple.
Another 20-25% live on SS plus a guaranteed pension income. Likely puts them in the 50-75K range
I suspect fewer than 25% of today's retired people are above 75k in household income even when relying on SS, Pension, and substantial personal savings (taxable and tax deferred account withdrawals) as their sources of income.
I think fewer than 5% are retired without the stable sources of income from SS & Pension and just living on portfolio and/or passive income streams like dividend, interest, rental property.
Age certainly matters-- how do I count or value SS that's 20 years out ?
Withdrawals are not income. They are simply uses of prior income.
Perhaps a better way to ask the question :
1. How much do you add to your net worth annually, and how much do you draw down from that net annually to pay expenses,donate.
Or
2. What economic value add do you generate and/or collect (from govt, pension, annuity, dividend, interest, side hustle retirement job, rental property income annually.
Reference the $40k spending -- I would also guess 50% of currently retired households live on little more than their social security incomes. Which is likely below 40k for a couple.
Another 20-25% live on SS plus a guaranteed pension income. Likely puts them in the 50-75K range
I suspect fewer than 25% of today's retired people are above 75k in household income even when relying on SS, Pension, and substantial personal savings (taxable and tax deferred account withdrawals) as their sources of income.
I think fewer than 5% are retired without the stable sources of income from SS & Pension and just living on portfolio and/or passive income streams like dividend, interest, rental property.