Reply to Valuation of Pension for Retirement Planning

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[quote=Anonymous][quote=Anonymous]I don’t factor in SS.  I am 40, so it will be gone or at least means-tested by then.  If I get it, great and I will gladly spend it. But I can’t count on it to be there even though I will pay into it with large amounts for decades.  [/quote]

Same.  We are 60.  If we get SS it great. If not, so be it. DH has paid into SS, but I did not vest enough years.

In our retirement planning we basically looked at the following -

- How much money is coming in through pension and investment earnings? 
- What are our expenses and taxes?  What kind of lifestyle will we have - outsourced help? international travel?
- What kind of healthcare we will need. 
- What other obligations we have pending - (college for kids? their weddings? eldercare? other dependents? health conditions)

We have not counted on - SS, any inheritance.  We do not count our home or other equity in our net-worth for the purpose of retirement.  For us, it is strictly cash.  We will just be spending the interest - if that.

We do not plan to get into long term assisted living on our own dime in US.  If need be, we will move to our country of origin for care.  We plan to age in place.  We plan to install elevators in our home and also have cleaning service, lawn service, part time cooks and attendants for our needs.

We plan to give the maximum monetary gifts we can give each year to both kids.  We are agreeable to buy homes with  our two kids.

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