Reply to Valuation of Pension for Retirement Planning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Folks want to include the pensions in their net worth because it makes them feel richer and more able to keep up with the Joneses. It’s kind of pathetic.[/quote]

Is it because you might be jealous of my inflation adjusted $140k annual pension with lifetime benefits?. I retired fours years ago at age 53.  Do I count as part of NW? No I dont but my financial planner recently advised its “worth” about $3.5m ($140x25).  Loser [/quote]

+1.  I have an $90k local govt pension, with survivor benefits.  I have always considered it a safety net. It’s a nice feeling to know the pension will alarm pass on the my beneficiary upon my death.  [/quote]

DP 
I have two pensions (former teacher) and mine currently provide about $87,500. One has an annual COLA of 3% and the other is up to 5%, depending on the rate of inflation, so that’s a plus.

I’ve never really bothered figuring out net worth because I’ve never had a reason to do so. [/quote]

[b]I’m sitting on a $9 million nest egg and get social security of $50k year on top of that so not only do I win - my heirs do[/b].

Pensions aren’t assets. [/quote]

What’s your point from above? Sounds so irrelevant. [/quote]

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