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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A very rough estimate:  your annual pension at age 58 is $78K.  The present value of a $1 annuity at that age is somewhere around 20.  So, at age 58, the value will be $78K x 20 =$1.56M.  Discounts it back 17 years to now, at 4%, it’s about $800K.

An actuary.[/quote]
There is no guarantee you will make it to 78 years of age. Why are you trying to value this when tomorrow is not promised. It's not like a 401 or IRA that is inheritable. [/quote]

So many haters lol[/quote]
Not a hater. Just stating facts. A person can live to the ripe old age of 99 and collect a pension for thirty-five years. Or an otherwise relatively healthy person can retire at 62 and have a massive heart attack and drop dead at 63, which is considered young for death. One year of pension received. Not a hater, just someone with personal experience and no that it is a wonderful benefit that cannot be inherited in whole. That is why it should not be calculated for 20 year future value. If you live to see old age, a pension is gravy. [/quote]

Please stop. You are just displaying your ignorance. Everyone understands that there is uncertainty and that you may live till 100 or die before your pension. But just because there is uncertainty doesn’t mean that you can’t put a value on something. Insurance companies do this every day when they sell annuities, hence this actuary is actually answering the question.[/quote]
Okay Ms. Actuary, you win. Now please explain to OP what happens to that 1.5 million dollars you told her was the value of her pension in 17 years, and OP has a misfortune in health or death. OP and her family relied on that imaginary 1.5 million dollars value during their financial planning. If OP was just talking about herself, I might be taking a different position, but she keeps you the word "we", and that is important in her planning.

OP, you should really seek a financial planner and not rely on anonymous posters, including myself. There are too many factors. Pensions are like social security and should be considered income that is not always transferrable. It is future income to you with a term date. Talk to a financial advisor, preferably one who does not try to sell you their products. [/quote]

Not OP, but in this scenario,
I don’t see any difference between thinking of a pension as an income stream or part of your net asset value. You’re either including it in your long term financial planning or you’re not. 
And this risk is fairly easily rectified by looking at the vesting requirements and the survivor benefits for your pension. I am very aware of the survivor benefits for both my own and my spouse’s pensions (we have different plans), and use a conservative approach in my calculations.

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