To sort of keep going with the conceptual framework I was sketching, things like a work pension can indeed really help supplement Social Security, particularly if you are "buying" it at a cheap price relative to the crediting rate. Of course ideally it would be inflation adjusted, but even if not you can then mix in relatively mild allocations of other stuff to simulate inflation adjustments.In my case I continued to work until about 60 to increase my fixed pension income. I wouldn’t have been better off retiring earlier. This practically eliminated my risk to out live my savings. SS and pension income should have us covered after I start taking SS at 70 in 5 years. Unless we get some very serious inflation spurts.
Statistics: Posted by NiceUnparticularMan — Tue Jan 23, 2024 7:59 am — Replies 176 — Views 10990