using the "inflation adjusted" button with pension

[MikeWillRetire]

I have a question about how to enter a pension in firecalc. I qualify for a pension in 2022, and it has a cola starting in 2022. So my pension loses value until 2022 due to inflation. If I click the "inflation adjusted" button, does it start the cola now or at 2022?

[REWahoo]

Quote:

Originally Posted by MikeWillRetire If I click the "inflation adjusted" button, does it start the cola now or at 2022?

It starts the cola the year you start the pension - 2022 in your example.

[ERD50]

Quote:

Originally Posted by REWahoo It starts the cola the year you start the pension - 2022 in your example.

And is SS handled differently?

I'm assuming SS is inflated until you collect it (and after) in FIRECALC, as that is how it works in real life? IIRC (and I'm not high confident here), SS is adjusted by wage inflation pre-retirement, and by price inflation post retirement?

-ERD50

[REWahoo]

Quote:

Originally Posted by ERD50 And is SS handled differently? I'm assuming SS is inflated until you collect it (and after) in FIRECALC, as that is how it works in real life? IIRC (and I'm not high confident here), SS is adjusted by wage inflation pre-retirement, and by price inflation post retirement?

That's how I understand it as well.