Info request on your withdrawals in retirement

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4nursebee
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Info request on your withdrawals in retirement

Post by 4nursebee » Mon Jun 10, 2019 7:42 am

A while back I started trying to keep track of what people did in retirement, now can't find a specific post. What I am hoping for is to learn the following:

When did you retire?
How many X of expenses is your portfolio?
Asset mix?
Growth of assets, how much has your portfolio grown or shrunk?
What method do you use for withdrawals? For keeping track I am trying to find an average percent.
Do you have a pension?
Drawing SS yet?
Age would be nice.

I will try and keep track here: https://docs.google.com/spreadsheets/d/ ... sp=sharing
What shows is the data I was able to collect a while ago.
Feel free to message me direct if you do not want to post.

Why am I doing this? Because we are meeting with a fiduciary soon to begin the process of retiring and desire greater insight and peace of mind

thank you
Last edited by 4nursebee on Mon Jun 10, 2019 8:15 am, edited 1 time in total.
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4nursebee
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Re: Info request on your withdrawals in retirement

Post by 4nursebee » Mon Jun 10, 2019 8:14 am

Thank you for the first of messaged replies, now added to the data.
4nursebee

pkcrafter
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Re: Info request on your withdrawals in retirement

Post by pkcrafter » Mon Jun 10, 2019 5:48 pm

4nursebee, I don't really understand what collecting data from other people is going to do for you. I think you would be much better off posting your information and reviewing the replies. Meeting with an advisor on a one time basis is a good idea, because he will create a plan, but it's rather expensive.

I can understand that the idea of no longer working and receiving regular income can be stressful. I said it felt like being on a tightrope without a net below. :happy That feeling did not last long though. I retired from my career job at 55 due to a medical problem and then worked part time (4hrs/day) in low stress jobs for 8 years. Withdrawal rate was very low due to the part time work and when I finally fully retired I was in good shape.



Paul
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Re: Info request on your withdrawals in retirement

Post by 4nursebee » Mon Jun 10, 2019 6:13 pm

pkcrafter wrote:
Mon Jun 10, 2019 5:48 pm
4nursebee, I don't really understand what collecting data from other people is going to do for you. I think you would be much better off posting your information and reviewing the replies. Meeting with an advisor on a one time basis is a good idea, because he will create a plan, but it's rather expensive.

I can understand that the idea of no longer working and receiving regular income can be stressful. I said it felt like being on a tightrope without a net below. :happy That feeling did not last long though. I retired from my career job at 55 due to a medical problem and then worked part time (4hrs/day) in low stress jobs for 8 years. Withdrawal rate was very low due to the part time work and when I finally fully retired I was in good shape.



Paul
Thank you.
As I mentioned, it is for peace of mind and insight.
We are planning on a VPW method, so far not many pulling out that much.
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Re: Info request on your withdrawals in retirement

Post by 4nursebee » Mon Jun 10, 2019 6:18 pm

Thank you for the 2nd message, added to the list.
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Earl Lemongrab
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Re: Info request on your withdrawals in retirement

Post by Earl Lemongrab » Tue Jun 11, 2019 2:57 pm

I retired at the end of January 2018.

It's not clear if you mean gross expenses, or net after pensions etc. My portfolio is about 60x gross.

Assets are 60/40, 30% of stock international, tilted toward small/value.

Pretty flat since retirement.

I have a non-COLA pension. Eligible for SS at age 62 but not drawing.

Not withdrawing from portfolio as pension is covering expenses currently.
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Re: Info request on your withdrawals in retirement

Post by 4nursebee » Tue Jun 11, 2019 6:37 pm

Thank you to the eleven people that shared enough for me to add info today.
4nursebee

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celia
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Re: Info request on your withdrawals in retirement

Post by celia » Tue Jun 11, 2019 7:25 pm

I’m not sure how any of OUR data would help you as we are not typical of the U.S. population. We self-select to participate here and tend to have above-average incomes when working and thus more in savings / retirement plans when retired.

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Re: Info request on your withdrawals in retirement

Post by 4nursebee » Wed Jun 12, 2019 4:05 am

celia wrote:
Tue Jun 11, 2019 7:25 pm
I’m not sure how any of OUR data would help you as we are not typical of the U.S. population. We self-select to participate here and tend to have above-average incomes when working and thus more in savings / retirement plans when retired.
Much of what is discussed on such things is research, theory, science, ideas.
THis is data, real life.
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is50xenough
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Re: Info request on your withdrawals in retirement

Post by is50xenough » Wed Jun 12, 2019 6:19 am

It is interesting what the growth column says. Would have guessed that in last few years with strong market that would have been higher. Any thoughts?

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Re: Info request on your withdrawals in retirement

Post by livesoft » Wed Jun 12, 2019 6:39 am

Our perceptions of the market in the last few years may not match reality. :) Those folks who are waiting for a 10% drop are usually out of touch.

I didn't look at the spreadsheet, but yesterday I noticed an ETF purchase of mine is down 10% from a year ago. International stock funds' 12-month (1-year) performances as of yesterday:
-5.23% VTIAX Vanguard Total International index fund
-12.4% VFSVX Vanguard Small-cap foreign index fund
-5.10% VEMAX Vanguard Emerging Markets index fund

Something like Vanguard Total US Stock is up about 24% since the December 2018 lows, but up only 4.4% from one year ago.
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Re: Info request on your withdrawals in retirement

Post by Dandy » Wed Jun 12, 2019 7:16 am

When did you retire?
2008

How many X of expenses is your portfolio?
At retirement - 30

Asset mix?
at retirement - 55/45 - now 43/57

Growth of assets, how much has your portfolio grown or shrunk?
Growth - guess is 60% growth? (modest inheritance excluded)

What method do you use for withdrawals? For keeping track I am trying to find an average percent.
Withdrew what was necessary - cut back on spending during early retirement due to 2008-9 recession - then resumed moderate spending. High withdrawal percentage would have been about 4% at retirement much less after a few years due to market recovery

Do you have a pension?
Yes - equals about half of income to support current lifestyle - non COLA --50% reduction for widow.

Drawing SS yet?
Retired age 60 - collected spousal at age 66 - full SS at age 70

Age would be nice.
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Re: Info request on your withdrawals in retirement

Post by The Wizard » Wed Jun 12, 2019 8:11 am

I retired at age 63 in 2013.
Initially, I had around 25X annual expenses in my tax-deferred account, but I annuitized a significant portion of that for lifetime income.

I started divorced spouse SS income at my FRA of 66 and will start my much larger age 70 SS benefit in nine months.

My withdrawal method from my remaining tax-deferred account is figured to levelize my AGI and my income taxes from my mid 60s through my early 70s. I do not "spend" all of my withdrawals in the current year.
Percent-wise, I've been withdrawing in the 4% to 5% range from tax-deferred the past few years, but over half of that is actually a Roth conversion.
Next year at age 70, I will stop Roth conversions and simply withdraw the RMD amount, starting at around 3.65%.

I started with an AA of around 50/50 back in 2013, but a year or two ago, I decided I've basically won the Sequence Of Returns risk game, so I'm not rebalancing anymore. My AA has now drifted upward to around 60% stocks.

I'd have to check, but my portfolio has stayed about the same or grown a bit most of the 6+ years thus far, with a modest shift of assets from tax-deferred to both Roth and taxable accounts...
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Re: Info request on your withdrawals in retirement

Post by 4nursebee » Wed Jun 12, 2019 7:32 pm

Thanks again, added more data.
A more thorough review of this stuff could be really neat.
Added a couple annuity folks.
Surprised at those not drawing much.
4nursebee

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