Join Early Retirement Today
Thread Tools Search this Thread Display Modes
FireCalc and partially indexed pensions
Old 12-10-2011, 11:41 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 5,179
FireCalc and partially indexed pensions

I have been playing around with FireCalc lately and find one thing that bother me a bit. For pension income it asks if the pension has a COLA. Well, mine will have a limited COLA up to 3% a year. So how can I handle that with FireCalc?

What I have been doing is splitting my pension in 1/2 and telling FireCalc I have two pensions, one COLAed and the other fixed. So my $14000 a year pension is entered as one $7000 a year pension with a full COLA ands one $7000 a year pension with no COLA. This seems the best compromise at this time. I wonder what others think

The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-12-2011, 03:13 PM   #2
Thinks s/he gets paid by the post
73ss454's Avatar
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
DW has a 10K pension which goes to a 1/2 COLA after the 7th year. I also use the pension split idea. Not enough money either way at 10K a year to worry about so this way is close enough.
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 05:24 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.