Quote:
Originally Posted by XutvJet
6 sources? Property rentals/leases, social security, dividends, etc.?
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Quote:
Originally Posted by dradernh
Don't forget the net present value of whatever you expect from Social Security and a pension when you're running your numbers. For example, if those were large enough, you wouldn't need a dime in the bank before retiring.
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For us, it's a combination. CalPers Pension; IRA (mine); IRA (hers); SS (mine); SS (hers); plus small VA benefit. My IRA was rolled over from my TSA that I contributed to at max rate for 20 years. Her IRA was rolled over from 20 years of profit-sharing at her last job. And despite our draws on our IRA's, our portfolio is still growing. In other words, this is sustainable even if we live to be 100 years old.
And of course what I didn't previously mention, the debt factor. We're debt free, so our net income doesn't have to be in the stratosphere.