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I didn't answer the survey because I'm not sure which answer to give. I did a lot of planning calculations including pension and SS estimates about 10 years ago just before we retired, but your survey made me wonder how we're really doing. And since the IRS has closed up the loop hole that allowed you to start taking SS then give it back and start over, We are planning to do it differently. SGSpouse has two small pensions and I have one. None of them include COLA. I'm a year older than her so my pensions and SS eligibility trigger a year before hers do. In the absence of the old SS loophole I mentioned, we plan on starting to collect her SS benefits when she is 62, then hold off on mine until age 65 to 70 depending on how our investments and health go. I've used a income requirement model that assumes my spending keeps up with inflation and assumed an inflation rate of 3.2% (because that seems to match up fairly well to how I've spent during retirement).

So . .

First 6 years of retirement - 0% of retirement income from pensions and SS
Next year ramp up one pension - ~7% of retirement income from pension
Next 7 years add two pensions - ~12% of retirement income from pensions
Next 3 to 8 years add one SS benefit - ~23% of retirement income
Once we add the final SS benefit - ~40% ramping down to about 33%.
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