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Reply to "How to calculate pension value?"
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[quote=Anonymous][quote=Anonymous]Why do you need to know your pension value for retirement planning? You don't need to know the value of your social security for example. All that matters is what you can expect to receive monthly from your pension, social security or other sources. Sounds to me like you want to count the value in your net worth, which is kind of pathetic.[/quote] I agree: You are going at this backwards. The goal is to have enough [i]income [/i]in retirement, so you want to start with your pension and Social Security monthly benefits. Then take your [i]assets [/i]and figure out how much [i]income [/i]they will provide, and add that. To get a very rough idea of the income that assets will provide, you can start with the 4 percent rule, but you'll want to refine it (https://www.schwab.com/learn/story/beyond-4-rule-how-much-can-you-spend-retirement)[/quote]
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