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Reply to "Valuation of Pension for Retirement Planning"
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[quote=Anonymous]I have a very small pension (it’s defined contribution of about 1.5 percent a year, plus variable interest credits). Worth about $50,000 if I were to take it as a lump sum now. I’m about 15-20 years from retirement. I don’t consider the pension or Social Security at all when I calculate if our savings are on track for later, because (a) who knows if or how my benefits will be cut and (b) the pension is negligible. But if you have an actual pension that can be expected to pay tens of thousands of dollars a year, that seems worth considering. [/quote]
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