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View Poll Results: Your Employment-related Sources of Retirement Income
I have/will have 401K and/or pension plan income from my employer(s) 79 86.81%
No 401K/pension plan of my own but may receive benefits from my spouse's plan(s) 1 1.10%
Never had a 401K and/or pension plan and neither does/did my spouse 11 12.09%
Voters: 91. You may not vote on this poll

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Old Yesterday, 10:16 AM
 
1,712 posts, read 597,472 times
Reputation: 3184

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While perusing this forum I often get the impression that the majority here have (or will have) some kind of 401K and/or pension plan for retirement income although recent statistics have shown that less than 50% of Americans fall into that category. So I'm curious about how that breaks down here in the Retirement forum specifically.

For purposes of this poll I'm not asking about IRAs because those aren't employer-dependent; only about retirement income vehicles that originated with your employer(s.)

I'm in the third category which means my only source of income is my SS benefit plus RMDs from an IRA from less than 20 years of employment during the "IRA Era."
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Old Yesterday, 10:20 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
29,972 posts, read 54,716,541 times
Reputation: 31356
My wife has a pension, Social Security and 401K.


I have a pension, Social Security 401K, and 457.
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Old Yesterday, 11:54 AM
 
Location: Prescott AZ
6,141 posts, read 9,125,189 times
Reputation: 11607
I have one from the state but it's miniscule. Hardly worth it but am glad I have it.
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Old Yesterday, 11:57 AM
 
Location: equator
3,545 posts, read 1,568,293 times
Reputation: 8825
None of the above.

But on this forum, most appear to have multiple revenue streams. Good planners!
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Old Yesterday, 12:13 PM
 
414 posts, read 105,657 times
Reputation: 1029
We each have a small pension, deferred compensation and both our SS is tiny because of WEP.
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Old Yesterday, 12:42 PM
 
Location: Tennessee
23,777 posts, read 17,704,665 times
Reputation: 27824
The people with no sort of investments at all and zero/negligible savings will basically have to cobble together what they can from SS, any other government benefits they're eligible for, some work, and private charity.
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Old Yesterday, 12:49 PM
 
Location: D.C.
2,872 posts, read 1,827,049 times
Reputation: 3908
Pension, 401K as well as well as decent amount in several mutual funds.
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Old Yesterday, 12:50 PM
 
Location: SoCal
13,439 posts, read 6,428,145 times
Reputation: 10023
We had a talk with our Self employed daughter recently, she has no 401k. Just Roth IRA, and one small SEP IRA. The minute she gets a bonus, it’s going to go into investing, except some small amount for her free spending.

Last edited by NewbieHere; Yesterday at 01:44 PM..
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Old Yesterday, 12:53 PM
 
269 posts, read 103,393 times
Reputation: 603
I have an IRA. DH has an IRA and a mediocre pension. We're both disabled and receiving SSDI.
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Old Yesterday, 12:54 PM
 
1,747 posts, read 630,547 times
Reputation: 1838
I had been self employed for most of my career, and made different retirement arrangements (annuities and SEP-IRA), so I checked on "never had 401k", although I technically do have a very small pension from somewhere where I worked part time for 3 years before I was even working in my main profession (I think it contains something like $6,000 total).
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