Telly
Thinks s/he gets paid by the post
- Joined
- Feb 22, 2003
- Messages
- 2,395
I have been trying to come up with a PV muliplier for SS at age 62. That I can just use to multiply times my estimated annual payout starting at age 62. This would not be a true PV, as I am far from 62, but it would be better than nothing to get a feel for it.
Coming up with a non-COLA'd PV for SS is easy, immediateannuities.com would do it. If I use age 62, male, single life annuity, I get a dollar amount that is 12.5 times my estimated annual SS payment at 62.
But adding COLA should have a major effect, and there is no way to do it there.
I seem to remember a Scott Burns article once, that he quoted a range of multiples that could be used to PV SS. I think it was up in the teens, but where, I don't remember.
I tried searching here, that was pretty hopeless.
Does anyone remember the multiples?
Coming up with a non-COLA'd PV for SS is easy, immediateannuities.com would do it. If I use age 62, male, single life annuity, I get a dollar amount that is 12.5 times my estimated annual SS payment at 62.
But adding COLA should have a major effect, and there is no way to do it there.
I seem to remember a Scott Burns article once, that he quoted a range of multiples that could be used to PV SS. I think it was up in the teens, but where, I don't remember.
I tried searching here, that was pretty hopeless.
Does anyone remember the multiples?