Reply to Valuation of Pension for Retirement Planning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Cash flow matters more than net worth.  You might want to model out pension payments, future social security payments, RMDs, taxes, IRMAA penalties, etc.[/quote]

This x100.

What you need to do is replace your salary. We’ve all been forced into a situation where we need to save a lump sum to generate a stream of income so we need ways to estimate how large a sum we need for a given level of income but its entirely backwards to take an income stream and convert it to a lump sum. [/quote]

Most people don't need to replace their salary. Most people needed to use part of their salary to save for retirement, pay for child-related expenses, save for college, and pay a mortgage, and most retirees don't need to do any of that.

Of course, circumstances vary, so you need to figure out that your individual situation is. If you're still paying off the mortgage, helping kids, or taking lots of luxury vacations, then you'll need more money.[/quote]

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