AUTHOR: 1PF on 6/26/2024 FIRST: Jonathan Clements on 6/27/2024 | RECENT: David Powell on 6/30/2024
Comments
Rather than the complexity of a TIPS ladder, as I've mentioned elsewhere my priority for retirement is simplicity and security, so I have a QLAC to begin in 2034.
Not everyone would want a particular post to stay current, so I can see why pins are not available. Instead, in my browser I bookmark posts I myself want to keep handy.
Some people simply enjoy the challenge and excitement of risk. That's not me. Let them skydive. I'll ride my trike. To narrow, albeit not completely fill, the gap between my SS benefits and my CCRC-living expenses, I happily purchased a SPIA with 5% annual compound increase from a portion of the cash in my portfolio, along with a QLAC to start in 2034. So I need to withdraw only about 2% annually from my remaining all-index-funds portfolio. My priority for retirement was to simplify and reduce stress. Good so far. No down arrow from me.
I think the delayed retirement credit is calculated as 8% of the full retirement age (FRA) amount for each year delayed (or 8/12% for each month delayed), and not a compounded increase.
Plus the frequent "Did I ever say..." deflections, picking on a commenter's particular word choice instead of acknowledging the comment's main idea — that's how it comes across, anyway, which is a big part of the problem.
Great story and laughs to start the day. I'm so glad you defined your "vinyl resting place" here. All this time when mentioned in previous posts (it was you, wasn't it?) I thought it was your recliner. 😄
I retired at age 70 from an independent secondary school. I'd been there for decades and loved it. For several years I'd worked part-time (quarter-time teaching and half-time academic staff work), and the final two years just the half-time staff work. If the pandemic hadn't happened, I might have continued on, but that final 2020-21 year was exhausting for teachers, staff, and students.
If I had retired before age 70 my plan was to take SS at age 70 to get my highest possible SS payment. To pay my expenses in the meantime, I'd withdraw funds from my tIRA. With the lower tIRA balance, my eventual RMDs would be lower. I did work until 70, phasing to part-time in the last few years. To afford to retire to a CCRC I had to be so frugal on my teacher's salary and careful with my investments that I worried I'd have trouble switching to spending. Happily, it was easier than expected (but not too easy). "This is what I planned and invested for" became my mantra.
Comments
Rather than the complexity of a TIPS ladder, as I've mentioned elsewhere my priority for retirement is simplicity and security, so I have a QLAC to begin in 2034.
Post: 2024 Update to the OASDI Beneficiaries by State and County
Link to comment from August 25, 2025
Not everyone would want a particular post to stay current, so I can see why pins are not available. Instead, in my browser I bookmark posts I myself want to keep handy.
Post: Dividends Part II – At least
Link to comment from August 25, 2025
Some people simply enjoy the challenge and excitement of risk. That's not me. Let them skydive. I'll ride my trike. To narrow, albeit not completely fill, the gap between my SS benefits and my CCRC-living expenses, I happily purchased a SPIA with 5% annual compound increase from a portion of the cash in my portfolio, along with a QLAC to start in 2034. So I need to withdraw only about 2% annually from my remaining all-index-funds portfolio. My priority for retirement was to simplify and reduce stress. Good so far. No down arrow from me.
Post: The Seeming Irrationality of Unneeded Risk
Link to comment from August 25, 2025
Your Mileage May Vary
Post: Rehashing the age 70 thing. Tell Dear Dickie what is it that he doesn’t get about SS at age 70?
Link to comment from August 22, 2025
I think the delayed retirement credit is calculated as 8% of the full retirement age (FRA) amount for each year delayed (or 8/12% for each month delayed), and not a compounded increase.
Post: Rehashing the age 70 thing. Tell Dear Dickie what is it that he doesn’t get about SS at age 70?
Link to comment from August 22, 2025
Plus the frequent "Did I ever say..." deflections, picking on a commenter's particular word choice instead of acknowledging the comment's main idea — that's how it comes across, anyway, which is a big part of the problem.
Post: Rehashing the age 70 thing. Tell Dear Dickie what is it that he doesn’t get about SS at age 70?
Link to comment from August 22, 2025
Brilliant! (And I like cats.)
Post: Rehashing the age 70 thing. Tell Dear Dickie what is it that he doesn’t get about SS at age 70?
Link to comment from August 21, 2025
Great story and laughs to start the day. I'm so glad you defined your "vinyl resting place" here. All this time when mentioned in previous posts (it was you, wasn't it?) I thought it was your recliner. 😄
Post: A Record Journey
Link to comment from August 19, 2025
I retired at age 70 from an independent secondary school. I'd been there for decades and loved it. For several years I'd worked part-time (quarter-time teaching and half-time academic staff work), and the final two years just the half-time staff work. If the pandemic hadn't happened, I might have continued on, but that final 2020-21 year was exhausting for teachers, staff, and students.
Post: Keeping Calm
Link to comment from August 15, 2025
If I had retired before age 70 my plan was to take SS at age 70 to get my highest possible SS payment. To pay my expenses in the meantime, I'd withdraw funds from my tIRA. With the lower tIRA balance, my eventual RMDs would be lower. I did work until 70, phasing to part-time in the last few years. To afford to retire to a CCRC I had to be so frugal on my teacher's salary and careful with my investments that I worried I'd have trouble switching to spending. Happily, it was easier than expected (but not too easy). "This is what I planned and invested for" became my mantra.
Post: Keeping Calm
Link to comment from August 15, 2025