Stillwater007
Recycles dryer sheets
- Joined
- Dec 30, 2020
- Messages
- 68
I am having trouble finding an online calculator to calculate what the recommended asset allocation should be when receiving a defined benefit pension. It would be nice to be able to also calculate how much I need to have invested + my pension to meet my overall financial needs when I retire as well.
I received great advice to use an online calculator, but my google searches have not helped me find a retirement calculator that meets what I'm seeking, especially the pension.
With my beginner knowledge, I figure that my pension will act like my bonds allocation. If so, I think I should be nearly 100% stocks and then what index fund should be my target? All in VTSAX for example?
I'm about 5 years away from claiming my retirement pension but plan to work in a different career/field for at least another 5 years.
Anyways, if someone knows a great online calculator that includes a place for a defined pension, I am all ears.
Thank you in advance.
I received great advice to use an online calculator, but my google searches have not helped me find a retirement calculator that meets what I'm seeking, especially the pension.
With my beginner knowledge, I figure that my pension will act like my bonds allocation. If so, I think I should be nearly 100% stocks and then what index fund should be my target? All in VTSAX for example?
I'm about 5 years away from claiming my retirement pension but plan to work in a different career/field for at least another 5 years.
Anyways, if someone knows a great online calculator that includes a place for a defined pension, I am all ears.
Thank you in advance.