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]

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.

Pensions aren’t assets. [/quote]

My husband and I will each retire with ~100k cola adjusted pensions plus social security. To me knowing that we’ll always have that baseline security net, regardless of how long we live and what stock markets and real estate prices do is winning.

Plus it means we can afford to be more aggressive with/draw less from our other investments, so our heirs will likely win too.[/quote]

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