[islandgal]

Russ -
With some of the homes being built now, $500,000 to $1,000,000, it might be a good idea to add several choices:
------$85,000-$100,000
------Above $100,000

[Pturner]

Fumar posted 15 times!

[KARENNN]

"truly retired" AND "beyond rich income"...must be that guy in TV who got the one million dollar scratch off ticket a couple weeks ago!
IMHO if you are retired, have a pension, and get social security you are pretty lucky no matter how much it is!

[Russ_Boston]

Obviously when I put a category "Beyond rich" I realized that over 85K doesn't qualify as that. I was a little tongue in check with that to bust a few of the current posters of that time.

I have met TVers who have many, many millions in the 'bank'. I have met TVers who live on little more than SS money. Most people I have met are somewhere in between.

The vast, vast majority of 'retired' individuals can afford TV. Polls like this are just for the fun of it.

[2 Oldcrabs]

As a wantabe I am interested in what income fulltime residents have. Projected income is just that! Before I retired my projected income was much higher than it is now. Down fall of the stock market and 1% CD rates are the culprit! Still 10 years from collecting SS.

[graciegirl]

Originally Posted by 2 Oldcrabs

As a wantabe I am interested in what income fulltime residents have. Projected income is just that! Before I retired my projected income was much higher than it is now. Down fall of the stock market and 1% CD rates are the culprit! Still 10 years from collecting SS.

Then years away from collecting SS? Than you are a young crab!


And...you never sound like a crab to me, young or old!

AND you are right, most of us have had a financial downturn in the last few...sigh.

[rhsgypsylady]

Food for thought...........

I've never understood the expression "retirees are on fixed incomes". Sure they draw an established amount from SS and if fortunate to have worked for a company with pension benefits they draw an established amount from that pension. And yes those drawing SS benefits usually get an annual COLA increase. And those retirees (59 1/2+) who have annuities, IRAs, 401ks, or some other type savings or investment usually can draw out any amount they choose at anytime they choose.

I don't get it. Aren't those who are employed and paid a "salary" as opposed to being paid hourly, commission, additional jobs, etc. also on fixed incomes? I know I am. Because I am not 59 1/2, I do not have the luxury of withdrawing from 401k, IRAs, and annuities, etc. I get paid a set annual salary and my paycheck is the same week in and week out. That is what I call "fixed income", especially when raises are scarce and percent is minimal.

I agree those not retired (and even some who are) have the advantage wherein they can get a better paying job, a part-time job, a 2nd job, etc. if they choose to do so. This means, their incomes could be flexible, not fixed.

For me, I consider myself on a fixed income while I am working and not so fixed when I retire.

[getdul981]

Our income has been "fixed" for the past 2 years and it looks like it will be for the next year at least too. There have not been any COLA increases because according to the powers that be there has not been any increase in the cost of living. I would like to know where they get their data. All our bill have increased over the past 2 years and it appears that there is no end in sight.

[zcaveman]

Originally Posted by rhsgypsylady

Food for thought...........

I've never understood the expression "retirees are on fixed incomes". Sure they draw an established amount from SS and if fortunate to have worked for a company with pension benefits they draw an established amount from that pension. And yes those drawing SS benefits usually get an annual COLA increase. And those retirees (59 1/2+) who have annuities, IRAs, 401ks, or some other type savings or investment usually can draw out any amount they choose at anytime they choose.

I don't get it. Aren't those who are employed and paid a "salary" as opposed to being paid hourly, commission, additional jobs, etc. also on fixed incomes? I know I am. Because I am not 59 1/2, I do not have the luxury of withdrawing from 401k, IRAs, and annuities, etc. I get paid a set annual salary and my paycheck is the same week in and week out. That is what I call "fixed income", especially when raises are scarce and percent is minimal.

I agree those not retired (and even some who are) have the advantage wherein they can get a better paying job, a part-time job, a 2nd job, etc. if they choose to do so. This means, their incomes could be flexible, not fixed.

For me, I consider myself on a fixed income while I am working and not so fixed when I retire.

Fixed Income - I am on a fixed income. I will never see another raise or a promotion. I do not get COLA from my retirement pension. I only get COLA from SS and we did not get a COLA this year nor are we expected to get one next year. Besides COLA is usually about 1% and does not even cover the increases in Medicare and other Healthcare costs - not to mention the increases across the board in food, gas, etc. Yes I do have an annuity and a 401K that I can draw from but I prefer to hold those until I really need them. I do not consider them annual funds at this point - just the way you probably don't consider your savings account annual income.

Drawing from 401ks, IRAs, and annuities is not a luxury. They do run dry so you have to be very careful about accessing them.

Plan ahead and be VERY CAREFUL because until you join the ranks of the retired you will probably never be able to understand what fixed income really means.

Z

[pzjay]

Originally Posted by Russ_Boston

Not that I need to justify my time but here goes:

I'm in my last semester of nursing school as I'm preparing to become an RN and work at TVRH

I have 7 hours of classroom lecture time and two 7 hour nights of hospital clinical rotation each week not to mention the 45 minute commute back and forth into Boston to the hospital.

During the week I have a normal full-time professional job as an IT manager working 6:30 to whenever each day. I'll be retiring from this in about 2 years when I switch to RN full-time.

I play golf whenever my time and the weather permits.

I run 3-5 miles most days of the week (I'll admit school has put a bit of a damper on that).

And yep I can still find some time to chat with my Villages friends and learn about the place I'm going to call home for the rest of my life.

I guess I'm just great at multitasking!

Fantastic,Russ. We'd be proud to be able to do half of that. Glad you replied to bsliny! We LOVE your posts and always follow them. We'd be honored to have you as a neighbor and PERHAPS will when we move in 2011!

[Russ_Boston]

Thanks for the kind words - I forgot about that rant.

That was over a year ago.

To update: I've since graduated from nursing school, got my RN license, bought my lot in TV, work part-time as an RN every weeknight after my full-time IT job. Still looking to move down perm sometime in 12. Haven't run much but I need to

c you then!

[homeball]

The poll does not differentiate between part time and full time TVers. I suspect that most of the folks 85K and over are snow birds etc still working their full time jobs some where else. What would be interesting is a poll of full time TVers showing what they truly are living on here, whether they're working here or not.

[memason]

Originally Posted by homeball

The poll does not differentiate between part time and full time TVers. I suspect that most of the folks 85K and over are snow birds etc still working their full time jobs some where else. What would be interesting is a poll of full time TVers showing what they truly are living on here, whether they're working here or not.

It's easy to create a poll and post it. That way, you can get the stratified data you seek. I'm sure you'll get lots of responders....

Cheers....

[aljetmet]

Originally Posted by homeball

The poll does not differentiate between part time and full time TVers. I suspect that most of the folks 85K and over are snow birds etc still working their full time jobs some where else. What would be interesting is a poll of full time TVers showing what they truly are living on here, whether they're working here or not.

I thought the poll was to reflect retirement income only ie not to include any money received from wages. I count SS, pension and 4% of our retirement nest egg.
We all spend our money in such different ways that it's almost a non factor to compare incomes of any two families or individuals.
How often do you see the very rich drive a simple sedan and others drive cars way over their means?

Thus far almost two thirds that have responded are below the $85 K figure.

If wages are excluded then the poll is somewhat meaningful...

[hdh1470]

Well Said