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This poll assumes a pension of some sort but many of us are not fortunate enough to have a pension. Savings and investments from years of work and financial planning is what we and others have.
True, but at least now we know who owns those Benzes, Lexuses (Lexi?), and Silverados we see tooling around looking for a parking place closer to the entrance at Costco.
Pension close to $100,000 plus investment dividends.
Yes the often missed point. Many with pensions also gave considerable investments. It is possible and two of the traditional retirement pillars along with SS.
Why is the question about Retirement Income limited to pensions?
Because that's what the OP wanted. If you want a poll for situations like yours, START ONE. Maybe the OP should've got with you first before posting the poll.
Location: Prescott Valley,az summer/east valley Az winter
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SS for both myself and wife about $24000~ pension about $8400 ~ income from property about $36000 ~ income from other investments about $15000~~it does add up.
These categories in the above pie charts are a much better representaion of where one's retirement income might come from. Also as noted in a couple of the pie charts (i.e. the last two), retirees with the highest total incomes will have a much larger percentage of their income [comparatively speaking] coming from their dedicated retirement funds and assets/earnings/dividends/rental/other and the like, whereas retirees with the lowest total incomes will depend almost exclusively on Social Security benefits alone with very little coming from employee (e.g. 401k) or self-directed (e.g. IRA) financial vehicles, or other assets. Most all high-wealth individuals will have significants assets in stocks, bonds, CDs, 401(k), IRAs, pensions/profit-sharing plans, taxable savings, business investments, rental properties, etc., and Social Security benefits will be a minor addition to their income. Most all medium/low-wealth individuals [for whatever reason] will count on Social Security benefits for the majority of their income.
I meant "no pension" to be the last option. Guess I screwed up the poll when I was typing it (I was watching our local football team lose yet another game at the time ). Unless the poll can be edited by a mod - people in your position can simply say "no pension". FWIW - I'm the "no pension" category - and didn't mean to leave myself out of the poll! Robyn
Since pensions and pension plans are the only source of retirement income shown, I can't participate in the poll. I do not consider long-term investments to be pensions.
Nor do I. Social Security isn't a pension either. Robyn
Marilyn has a 20k pension,we have 25 k rental income, marilyns early ss is 8k,mine will be around 25k-30k or so at 66.
Everything else will be generated by our portfolio.
So if you had married yourself, you and yourself would at age 66 have 50-60k in SS alone. By age 70 you would be getting closer to that 90k mark. Wouldn't take much in the way of two pensions to get you there. Are you the only one in NYC to make your annual salary? Of course not so it shouldn't surprise you how many are pulling over. 90k especially if they arrived another higher income earner with a full work history.
I receive a state pension check, a SERP check and a couple healthy monthly checks from my parents estate.
Haven't touched my personal savings and I won't be signing up for SS for at least 6 years.
Quote:
Originally Posted by Robyn55
I was kind of surprised at the number of high dollar retirement earners here. And figured it had to be driven at least in part by government pensions (which are kind of on the generous side). Perhaps I'm wrong - and/or didn't construct my poll accurately to reflect that question.
The ones that get media attention anyway.
Since my pension and SERP checks total less than $16K annually, I clicked "I/my family get pensions that are not in those categories"
I wouldn't be retired if my Mom hadn't died. My pension wouldn't have been enough, I didn't have the years.
SERP = Supplemental Employee Retirement Plan. Like a golden handshake but cheaper for the employer and ends after a certain amount of time. In other words, An annuity bought by my community college and paid to me.
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). Unless the poll can be edited by a mod - people in your position can simply say "no pension". FWIW - I'm the "no pension" category - and didn't mean to leave myself out of the poll! Robyn
