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Reply to "How to calculate pension value?"
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[quote=Anonymous]People, the reason you can't out a single value number on a pension is because you don't know how long you will live. A big finance company can because they are averaging over thousands of pensions, whux reduces the unknown variability. That doesn't work with the single largest value object in your own life. Think about taking your life savings of $X million and betting it all on a single pull of a slot machine. Maybe you get $0, maybe you get $100 X million. Averaging those numbers is meaningless, because you don't get the average, you get one of the options. [/quote]
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