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Reply to "40 years old - what is your net worth? "
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[quote=Anonymous][quote=Anonymous]OP, your pension is probably worth about $1M in today's dollars. If it is guaranteed, you should add it to your balance sheet. [/quote] Op - I believe it’s guaranteed. I work for the state. I can collect my pension in full at 57 years old. So another 17 years. Right now my salary is $150,000 so my pension is based on the highest 5 consecutive years salary. Presumably it will go up with escalation over the next 17 years. Not sure how to calculate how much. [/quote]
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