As an image for streams of income or sources / nest eggs) how many legs for a Retirement stool?
The most difficult parts / legs for me to begin adjusting to are:
1) her Rollover IRA (at time of retirement was 403(b) )
2) his Rollover IRA (same note)
3) her Roth IRA
4) his Roth IRA
Independent of those four, beginning our fourth year in retirement proportions will be:
00.38% is annuity - after all that I rolled over out of those investments (his)
03.5% pension (his)
46.34% pension (hers) - the Board of Pensions is not a fixed amount but is reviewed annually and sometimes increased (July)
49.8% Social Security - combined - both were are 67 in 2011 when we began receiving Direct Deposits - 2011 October.
What triggered this is we just took a six day trip - Philadelphia, then New York City. I totaled the spending
and wanted to compare that per day (for the six days) against what retirement income we have Per Day
(divide annual total by 365.25)
Note: excluded are all Medicare premiums, supplementary medicare insurance premiums as well as all the money we have withheld each month against Federal Income Taxes -- none of those figure in the percentages.
My pension is so miniscule that to make things fair I would need to use a lot more out of #2 and #4 -- all my spouse's employment since 1980 ordination was under the Board of Pension. Mine is primarily from ancient work I did employed by insurance company 1974 to 1985. That is why it is such a small percentage -- of the 3-legged metaphor.
BoBraxton, thanks for starting a discussion thread!
Retrieving data ...