No. of Recommendations: 17
I just want to chime in here as a 77 (soon to be 78) year old, 20+ years following the Motley Fool boards... I found the two items from that 15 item list pretty well described us. Obviously a number of years into receiving the RMD as well as Social Sec. At this point we get two SS payments each month, plus one RMD. My wife, ten years younger, will be adding her RMD to the pot in a few years...

We DO use the RMD to cover discretionary expenses, and live quite comfortably with all those incomes...what's really amazing is that my IRA just today hit its all-time high, despite my having been taking out those RMDs for the six or seven years since turning 71 1/2. Thanks to the Fool, I do sleep well at night, regardless of what the market has done that day, that week, this year....

Now, I realize that we are blessed to be able to sleep well at night, as described. But I guess what I wanted to add to the conversation here is that there are so many different ways to slice these income streams and the corresponding cash flows, we need to be careful with all generalizations. I took the list of 15 as a bit whimsical, even though it was nice to see that I could smile after reading each one.

mathetes
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.