hankster
Full time employment: Posting here.
- Joined
- Jan 26, 2008
- Messages
- 649
I have a DB pension plan at my company that either pays an annuity payment after retirement or offers a lump sum payout. I plan to take the monthly payments and we have an excel calculator on the HR website that shows what the monthly payment will be. However, they don't have a way to calculate the lump sum value. Anyone know of a rough formula to get a ballpark lump sum value? I simply want a number to use for the purposes of net worth estimate.
Hank
Hank